ICO PRICE ALERT: Status Now Trading Below ICO Price
Ain't it a Blessing??
Or so I thought... I was actually on a business trip to the beautiful city of Seattle the week of the Status.im ICO and spent all day sending Ether tokens from my MEW account to the Status Smart Contract for tokens lol. After hours of attempting this feeble task, I was finally successful in sending my tokens and getting back the SNT token.
At the time, the ICO pricing costs came out to be 1 SNT token = 0.038 USD (of 3.8 Cent). I felt pretty fortunate to be one of the persons able to get a piece of the pie.
HitBTC IOUs
So many of you know how HitBTC likes to "pre-trade" tokens in the form of an IOU. It's not a scam, but very misleading and this was only my 2nd ICO I had participated in where HitBTC had the coin available for inter-exchange trading. Essential they just created a new supply of a toke out of thin air and allowed people to buy and sell them within the exchange, never being able to withdraw these tokens at all. They would only open up the token's wallet well after the ICO had completed and the token is trading on real exchanges and real prices.
The Exit
So I ended up selling all of my Status tokens to use as dry-powder for the True Flip ICO which ended up saving me from loosing money.
I exited Status in three sale events:
- 90000 SNT @ 6 cent
- 34000 SNT @ 5.6 cent
- 40000 SNT @ 4.2 cent
Feedback/Questions
- How many of you participated in this ICO?
- And finally, is Status' price performance just a by-product of the overall downturn in the market?
![Signature.png](https://steemitimages.com/DQmezcqkcoyZnr1Kk6XpKALgajas9MJnzhKj3tgTE2tHxdB/Signature.png)
I was unable to participate in this ICO, spent close to two hours, transaction got rejected and I lost the gas fee. I felt so angry afterwards, I think it's a blessing I was unable to get in now :)
Truth be told, market is a downtrend, it may not special to SNT as almost every coin is bleeding
yeah bro it was cool you didn't miss too much. I altogether I made 53% but the effort and stress I went through to get in really didn't add up. I thought Status was gonna be a 4x-6x type of event!
I need to know more about this article
This post has received a 2.98 % upvote from @booster thanks to: @cryptoblood.