Post
Topic
Board Announcements (Altcoins)
Re: IOTA
by
cryptohunter2
on 02/03/2016, 06:35:30 UTC
how to buy IOTA... and what price is it compared to the ICO.

I have no idea how I missed this ICO.



I've practically lived on this board for the last 3 years?

how long did this ICO last?


IOTA was announced late October, crowdsale started late November and lasted to late December. We were covered in all the crypto-sites, several of the crypto slacks, so not sure how you missed it either. We didn't have a marketing budget and we didn't want to hype it for months, so we couldn't pull a Ethereum or Augur, but several hundred participated, so I think you must've just been unlucky if you didn't catch it.

The best way to acquire IOTA now is to either:

1. Offer some work, community members may put up a bounty or pay for tasks
2. Wait for it to come on exchanges after launch
3. Buy from someone (you should use trusted escrow)


Yes, that was unfortunate.

So it lasted 27 days?

I think such an ambitious and revolutionary product should have had a far larger ICO in terms of length and awareness.

It seems very alive on the main board now.  I notice nothing else other than IOTA threads.

The initial distribution of a token/coin I believe is core to it's acceptance later on.



Yes, the great distribution Iota had will help tremendously with its success.  


This remains to be seen.

I still think a much wider distribution would have been better.

Let us say like this, if there is a second ICO, when it's finished, some guys are still not aware of IOTA, then they show up in this thread and say "I have no idea how I missed this ICO..." and ask for a third ICO, it's endless. Also it's unfair to early investors.

So raising a second ICO is f*cking ridiculous , you miss the ICO, it's your fault, not others.


Yes this is one possible way to look at it. I wonder if a poll was raised on the main alt discussion forum if the board over time would rather see more opportunity and time given to all bct members to get behind such a project. I mean why see it as a bad thing. More people on board the more people pushing it forward and less thinking it was a quick fast ICO that only a small % of the board got to know about.

You see dash made the same error of thinking - although their launch and coin grab was an out right scam. IOTA ipo was not a scam it was an opportunity for those few that knew about it to purchase all the coins cheaply and then  charge 25x IPO price when nothing concrete has really changed.

I mean it seems very unfair that the rest of the board that didn't hear about it should now be paying 25x more when there is nothing more to actually see right now?

Why not a second IPO for a 2nd wave of investors? more development funds? see it as an extension of the first IPO and not a second one.

I think it could be a great idea. For everyone because yes 25x ipo seems great now. However if a lot more people came on board their investment and time can push it far higher.