Price will crash once it hits exchanges. Only idiots would fund it at that valuation while 90% of tokens go to developers.
RE: Gnosis ICO raised 12,5Million Dollars in 10 Minutes, making the token 312 Million USD market capitalization worth.
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Gnosis ICO raised 12,5Million Dollars in 10 Minutes, making the token 312 Million USD market capitalization worth.
95.8% goes to developers and we are still complaining about steemit.inc owning less than 40% of steem power :)
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It is crazy for sure but since it is an ethereum based project nobody calls it out.
Also if anyone wants to share on Twitter: https://twitter.com/Soul_Eater_43/status/856658226141683714
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Thanks for posting this, I was going to get in on the action and thought I'd log in ten minutes into the auction, it took me 60 seconds to figure out I wasn't dreaming, then another 60 seconds to do some math and then it was over... I thought I was on Ticketmaster trying to get tickets to the latest hot act. lol
After crunching some numbers I figure these guys that bought in early will be there for the long run. IMO; once the tokens hit the market they will drop just not to what I think will be a reasonable price. As others have mentioned; they have just made the developers very rich and to add to this I think there might be an incentive for one or two to take the money and jump ship to start working on another project... Just my two cents.
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There will be the crazy gamblers at the very start of the market, then a crash when the supply quickly catches up.
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i wanted to make article without my opinion, especially thats its done already. im happy about the comments here.
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