Why 0x project is a HEAVEN for small investors

in cryptocurrency •  7 years ago  (edited)

In this post I won't go to the details of how much I think 0x project is revolutionary but I will focus on its innovative approach to ICO.

The only way to participate in ZRX token sale is by registrating your ETH address on thier website what is still possibile till 12th August. (For more info click on this link: https://blog.0xproject.com/tutorials-for-the-0x-token-sale-registration-766064955d12). When it's done they will divide total contribution cap by the amount of volunteers to get invidual contribution cap.

Their goal is to give every small investor a chance to be a part of the 0x community from the beginning, not just whales. And that's what makes it really good opportunity for small investors. If there will be enough participants there should be really low cap. I had waited 45 minutes in the queue just before the start of registration and at begining I was 1400+.

So let's do a little bit of math.

If there will be 16,000 registered investors and eth will be worth 300$. The cap has to be 5 ETH!! :D

In conclusion I think the first thing that whales will do when ZRX token hits exchange will be buying ton of it and by that pumping the price like crazy ;)

What do you think?

UPDATE
There are more than 10,000 registered investors. So maximum price should be 8 ETH.

Thanks for reading.

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I'm not too sure maybe or simply if the whales can't get in they'll find another ICO they can and leave this alone. In my option whales are good for price increase when you let the masses in that's when price ends up going below ICO when it hits exchanges coz noobs cash out quick.

  ·  7 years ago (edited)

Thank you for your comment. 0x have partnerships with great projects: Ethfinex, District0x, Augur and Melonport. It's nextgen for exchanges (faster and safer). Whales know that and they are often the ones that cause dumps.