Where Is the MONEY!? :: Indorse :: - Crowdfund Analysis - Token Sale Live -
I was wrong, I'll admit it.
In regards to the Indorse ICO instantly selling out, specifically the recent post I made here:
https://steemit.com/indorse/@generation.easy/prepare-for-indorse-crowdsale-on-aug-8th-to-immediately-sell-out
The Indorse Ico did not sell out and is currently ongoing
After 1 full day of crowdfunding, roughly 2,000 ether were converted into Indorse Tokens at a ratio of 1eth : 1,000 IND
Current crowdfund numbers can be found on the Indorse website
https://indorse.io/
I honestly believed this crowdfund would have sold out or at least reached 75% funded within the first hour and at the latest would have been finished by now.
I have since realized that I may have over-hyped myself with Crypto Craze and needed to rethink my approach to present a more realistic view of the INDORSE crowdfund.
But I still remain confident it will Sell-Out
Indorse ICO Analysis
Pre- Sale -
My initial response to the INDORSE Pre-Ico selling out in 2 days, raising ~14k Eth, was this project is going to be huge! Then when I heard that there was another 4k Eth in private investments, I was convinced that the ICO would be sold out in less than 1 day.
Before the ICO even began, the project had successfully raised 18k out of the 50k cap!
~ 36% funded
Crowdsale Structure -
The ICO started yesterday and will run for 30 days or until the cap is reached
There is also no bonus during this crowdfund
So although day 1 only brought in 2k eth, there is still plenty of time for investors to join and if you base day1 results for a future outcome:
30k cap / 2k per day = 15 days for completion
I truly believe it wont last the whole 30 days, and i'm leaning toward it not even reaching 15 days.
Investments -
Currently, total received is ~ 20,400 Ethereum out of the 50,000 max cap.
Basically after the first 1hour, the investments are coming in at a trickle with certain times experiencing more transactions than others.
You can follow the investments through this etherscan link: https://etherscan.io/address/indorse.eth
(now)
(shortly after 1hr)
Pretty slow, but the investments are coming in.
Where is the Money?
For a project of this magnitude, I can only speculate as to why it has such a slow start. I still remain confident the Indorse project will receive the 50k Eth but it just might take some additional time that I wasn't expecting.
One big factor to a low turnout for the 1st day could be attributed to the "No Bonus" that many recent ICO's have included in there crowdfund design. By offering investors a % discount on first day investments, it really draws a crowd for that bonus but from what i have noticed, nothing really comes in after the bonus period ends.
The disadvantage of having a bonus is that is deters later investors because they know the majority of investments came during that period and received a discount. A bonus also promotes a massive dump on the exchanges due to instant profits for the majority of token holder.
To avoid the pitfalls of having a bonus, Indorse decided against it and instead opted for a much more fair design of a constant rate.
So although the token sale is fair and consistant, it doesn't draw the attention of those investors looking for just pure profits through early investor bonuses.
Instead, many of the investors in this project are interested in the concept and development behind Indorse.
Another factor playing into the low turn out could be that Ethereum is currently pumping. Many potential investors might be sitting on the side-lines waiting to see how Ethereum plays out before making the move.
This could be especially true for larger investors.
But if this scenario is currently happening, we could see a cascading effect of one large investor jumping on just to watch the horde piling in.
I would expect the FOMO situation to occur regardless, but that may happen near the final days of the crowdfund if the investor mob doesn't arrive before hand.
The one thing that is for certain though is that the current ICO numbers represent a diversity of investments.
In the Cryptocurrency economy, coins with good diversity tend to do better on the markets due to the larger community behind the project.
When it comes to Indorse, a large community and diverse token distribution is a neccessity!
Social Networking only succeeds if there is a large enough community driving social interactions
Slowly raising funds from small investors might just be the best thing for the Indorse project
Indorse is a GO!
Whether the 50k Ethereum cap is reached or not, the minimum investment cap was 15k eth and that was reached in the pre-ICO.
The Indorse project will be developed and hit the market regardless of what the final amount raised
Currently 20k eth = $ 6 million
Which is a fairly decent number and plenty of enough to get the project off the ground.
Obviously additional funds would be better, but at this point,
Indorse is going to be successful!
Crowdsale Investor information:
Website: https://indorse.io/
Whitepaper: https://indorse.io/whitepaper
BitcoinTalk{ANN}: https://bitcointalk.org/index.php?topic=2047503.0
Twitter: https://twitter.com/joinindorse
Reddit: https://reddit.com/r/indorse
official blog of indorse and how to participate in the crowdfund
Medium: https://medium.com/joinindorse
Indorse: https://medium.com/joinindorse/how-to-participate-in-indorse-token-sale-8ddb50003b4f
Video on Sending Eth
My previous articles on Indorse
https://steemit.com/indorse/@generation.easy/prepare-to-indorse-professional-social-networking
Get in before the FOMO gets in!
Thank you for reading my posting on Steemit
If you found this posting enjoyable or useful - feel free to upvote, comment, resteem, or follow me
BitcoinTalk User Link: https://bitcointalk.org/index.php?action=profile;u=803528
Ethereum Address: 0xe8c79B21B2FC35FA3E85c6a1E80aFf686c99A777
@generation.easy
a bitcoin fanatic and alt-coin enthusiast
You were right about Bitquence and Wings and you will probably be right about Indorsed.
I'll put some money aside for it.
Thanks @generation.easy
Thanks!
Yeah if your thinking of getting in there is still time to make that decision.
I got in right away with some, but with eth being so volitile im holding out and day trading.
Ill most likely be part of the fomo horde ;)
I invested in this one. first ICO I joined!
I bought Ethereum with Bitcoins i made from Steemit. Hopefully Indorse is great!
Thats awesome!
I personally believe you chose wisely. Good luck, and keep a good eye on your investments!
This post has received a 0.44 % upvote from @booster thanks to: @generation.easy.
good post.