Tough to bet against Hyundai, but as with all ICOs, buyer beware, and do your homework. I'm a believer in the the J-Curve when it comes to investing in cryptos. Wait for the pull-back after the initial hype, after enthusiasm fades and the speculators have left the scene. Once the developers have started hitting their milestones on the project and when the ICO has lost its initial luster, that is the time to pounce. Sure, you'll miss a few home runs with that approach, but in the long run, it's a prudent policy to follow.
RE: Hdac ICO - Blockchain Backed by Hyundai - Internet of Things Niche
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Hdac ICO - Blockchain Backed by Hyundai - Internet of Things Niche
The pre-sale (stage 1 and 2 was for Koreans only) raised 14,000BTC with the sale of 736,000,000 tokens. They effectively paid 5 to 10 times less than ICO participants in far greater volume. There's only 104,000,000 tokens being distributed during the general crowdsale. Expect it to dump hard as fk when it hits exchanges as pre-sale participants take up to 1400% profits immediately with large amounts (pre-sale was minimum 10 BTC investment).
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good point raised...I agree
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My god! Thanks for the information.
No way I will participate in their ICO now.
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Which markets did they ICO on? Japan?
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The bonuses are the plague of the ICOs. They attrack the speculators and cause the price dumps.
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I tend to view ICOs the same way. I like the J curve description. So much hype at the start of most of them, better to wait a little and see, I think. And to do your homework, of course; read the white paper, see who's behind the project - simple, but essential! Then, ask yourself "is it vaporware?" Those who were around in the dot-com boom will know that phrase well, of the many ideas that were funded and never developed into viable businesses. I haven't done my research into this particular ICO yet, but just from the posting above it looks quite interesting, for a start. Merits a closer look.
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Nice post.....
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You analysed it well...good point indeed, upped.
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@kingscrown as you said
"This is not something in works, this guys are already building huge apartament in China that is going to use the system"
Inspite of that due diligence work must still be done on the part of any investor, yes it interesting hyundai has embraced blockchain
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