Status Contribution was a complete flop

in ico •  8 years ago 

Have you been on Twitter today? @ethstatus ICO was a mess and people are pissed, myself included. I woke up at 7:30 to make sure everything is ready to go and as of 2pm... still nothing verified. Twitter's main theory is the whales win again. 

They limited the wallets that you could participate from, and ETH Wallet (Mist) was a complete waste of time, mainly because there was no control over gas or gas price, just a slider that said "cheap or fast". (probably designed by developers;) 

Oh... and MetaMask just failed after waiting 42 minutes. 

"unable to make transaction" has GOT TO BE trending today. 

</RANT>


Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

And they had it all nicely planned out with their Dynamic Ceiling. Just wrote a post about it, bit late but was busy today. Did you know the ICO participants will only hold 41% of all tokens.

I'll check out the post... I was way too angry to deep dive on the subject. I still have 2 pending orders from 3pm. Doubtful they'll go through. Thanks for the comment.

Damn really? Hope they go through. Doesn't really help me to believe in certain companies when they can't even smoothly operate an ICO whilst everyone knows the chance for a massive hype is real.

For real? We will only hold 41%? damn...

  ·  8 years ago (edited)

So as you can see 41% to people that participated in the ICO, 10% to SGT holders which are basically people that contributed to the development of Status at an earlier stage. 20% to the team and 29% will be held as a reserve. They have no clue what they will do with this 29%. Might keep it for extra funding or might destroy it but their advisers will help them with this choice.

Thanks for the fast reply! This explains everything. Your contents are very nice.

Thanks for replying, please follow my account I post content daily! :)

I can say the same about your content. Followed you!

One day Steemit will leave Twitter far behind.

nice post mate. upvoted and followed do the same.

Yup, these ICO whales are going crazy.. Civic just stopped for no good reason.