ICO Chaos v.2

in #cryptocurrency6 years ago

Well it's been crazy couple of days. There is still China FUD going on but I have the feeling the things things are starting to go back on track. Bitcoin is moving around 4000$ area Ethereum just below 300. I think we will see an uptrend when it will stay above 260€ for some time. Its no surprise that most ICO's that come to market are trading bellow ICO price.

I did invest in few, and failed to enter others. My biggest regret is not to enter Kyber Network ICO's whitelist on time. I think it could go big when tokens hit the exchange and I don't imagine price going under ICO price ever. I manage to enter Blackmoon and ICON. Both have their risks but I think both could do well in long run. Blackmoon is currently trading on EtherDelta for just a little bit more than was the ICO price (around 6% ATM). ICON is not yet tradable , but they sold out in few hours today which is a good sign.
img-2-3-00773d97b1a65c48d2b0d233f1ed56608c54ab0ca71961cfb63e95c62e65326a.png
Now lets talk about the one I couldn't get in. Chainlink. Chainlink oh, my Chainlink. I dont even know where to start. They company is focused on smart contracts and yet they couldn't even make one for their own ICO that would reject contributions after full cap. It's totally my fault to be cheap on gas so that the transaction wasn't executed in time and I will acknowledge that they send my ether back in 24 hours but come on. ICO was only for people registered on white list and there was individual cap of 7 ETH and they still managed to sold out in minutes. Usually ICO's divide their hard cap with number of people on the white list to determinate individual cap. Therefore people on white list have few hours to invest, then the rest can participate. That way everybody is happy and it's beyond me why not all ICO's are done that way. What is even the point of having white list and individual cap if you can't guarantee participation. I could still look trough all this but I can't forgive them that they appear to withhold information about how much they sold in pre-resale. They were saying that more than half of the hard cap will be up for grabs but some sources are claiming that they sold most of cap in pre-sale and and that very little was left for the ICO. They should be more open about this and maybe not so many people would stay empty handed with high gas transaction fee. Anyway I'm not touching it with the 10 foot pole, but good luck to all the people who got in. Its already on EtherDelta trading 1.8x ICO price.

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Mmmm interesting. I probably wouldn't buy this, but nice read :)

Upvoted and Resteemed!

Back to PoW coins, without insta/pre-mined, pre-ICOs, ICOs and bonus structures :'D

Im defenetly waiting for OMG's pullback. Rise also look interesting.

It only sold out that quick because they sold over $29 million in the presale and hid that from the public.
At ICO there were only 2.5 million left. The 7ETH hardcap and the various "stages" they announed the they before were obviously a farce.
I have very mixed feelings about this one.

Such a shame. It will probably still do well but I won't touch it ever.

I might buy some at a (much) later point when the development progressed a bit. But for now I will watch it from the sidelines.

Which one are you looking to buy ?

At what price? 0.00045-0.0005 ETH if it goes that low. If not then I'll look out for other projects and come back to this one in 6 months

wow!!! this is wonderful, am just hearing this for the first time

@jaka87 got you a $7.54 @minnowbooster upgoat, nice!
@jaka87 got you a $7.54 @minnowbooster upgoat, nice! (Image: pixabay.com)


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