ICO of the Day #4: Crypto Ping

10 Questions answered about an ICO. Today Crypto Ping for @alao for resteeming one of my posts!

1. When will the ICO take place?
The ICO is live now! Its started May 25, 2017 00:00 UTC and will last for a month. End date is June 25, 2017 00:00 UTC.

2. What is the initial price?
For 1 Bitcoin you will receive 9000 PING.

3. What is the total supply?
Total supply is 10 million PING. During the ICO 9 million out of 10 million PING are on offer for a total of 1000 Bitcoin. Ping that is not sold will be burned.

4. Will there be an additional issue of tokens?
There will be no additional issue of tokens.

5. What is the ICO structure?
The 1 million PING that is not sold during the ICO is reserved for the 10% referral program payouts. If you refer friends to buying PING they will give you 10% of the PING they buy. You can also get 15% bonus PING if you buy more then 900,000 PING (100 Bitcoin).

6. What is a PING Token?
A Ping token will be used to subscribe to the service that Crypto Ping provides.

7. How can I purchase and store PING?
Crypto Ping uses Waves platform and the Waves wallet for their ICO as they see it as easy to use. Tokens can be purchased for Bitcoin, Litecoin, Waves, Dash, Ethereum and Ethereum Classic.

8. What is Crypto Ping?
Crypto Ping is a solution for a problem that crypto traders experience in today's market. Trade volumes and volatility is higher for many cryptocurrencies making it more difficult to make a good trade for experienced traders. Factoring in all the events, trends and subtleties that shape the market has almost become impossible Logically, there are also a lot of newcomers who don't know what to buy and have a harder time making money on their trades.

But now there is a solution: Crypto Ping! This bot will constantly analyse and watch the market, social media and the news, after which it will inform you if a opportunity arises to buy a coin which is likely to increase in value. It will make it easier for experienced or new users to make the right decisions as users will get signals on messengers with the latest market information.

9. The Team
It's not about the team, it's all about the bot!

10. Should you buy it?
You definitely should buy it if what they claim is true. According to the Whitepaper the 'Bot's market watching and analysis algorithms are already tested and verified in practice'. On the long run you should be making 10% if you base your trading on the bot signals. 10% is an amazing return and millions of people would be interested if that works our to be true.
Personally I am a bit skeptical as I never believe in people that sell technology to make you rich. They only tend to make money from selling you the technology instead of getting rich from the app they are selling you. But if thousands of people get the same signals and therefore start buying the price will actually go up and then you just need to get out before everyone else does and you will make your money.

Not a trading bot
This bot was created with one goal: to provide early warnings about increasing demand on the markets. All decisions and trades are made by you.

The fact that they will burn unused coins is a good thing. They will also burn 75% of all coins they will receive as subscription payments for the first 6 months and 25% for the year after that. These are all value increasing actions. Currently 2727 investors invested 534.37 Bitcoin which is just over half of the available amount. Guess not a lot of people believe in their claims.

My advice: befriend a person that is buying Crypto Ping and let them give you advice for 10% of your profits.

Thank you for reading, please share your thought and don't hesitate to leave a comment, follow me or upvote my posts!

ICO of the Day #3: Status
ICO of the Day #2: Tezos
ICO of the Day #1: Polybius

Sources:
https://cryptoping.tech/ico
https://cryptoping.tech/cp_whitepaper_en.pdf
https://www.cryptocoinsnews.com/cryptoping-bot-tracks-prices-for-profitable-trades-ico-enters-its-final-week/