RE: PSA - If You Are Planning on Investing in SONM Please Read This

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PSA - If You Are Planning on Investing in SONM Please Read This

in ico •  7 years ago 

Yes - probably not a scam but it is very unprofessional and doesn't bode well for their abilities to develop a viable product.

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  ·  7 years ago (edited)

The 117k ETH cap aslo seems very high. It should at least warrant an explanation. Many ICO usually takes around $ 10 million unless there is some special need for the funds.

Good point - in fact I heard someone else say something similar - it just looks greedy. How can a startup even spend that much money?