Post
Topic
Board Tokens (Altcoins)
Re: WINGS ★ Where DAO Unicorns Are Born! ★ {18.11.2016 - 06.01.2016}
by
jwiz168
on 26/12/2016, 19:51:10 UTC
Thanks for the calculator, but this is HORRIBLE. I can get more than 7 times more Wings with ETC than with BTC. Now I feel like I wasted my 5 BTC on this crowdfund (I could've spent 7 times less using some shitcoin and get the same amount of WINGS!). So don't give me this BS trying to justify this. This whole cryptocurrency allocation thing is a big FAIL and you know it.  I get that you guys were expecting some sort of equilibrium, but it is not going to happen (ESPECIALLY IF YOU HAVE A VERY MISLEADING ***EXCLUSIVE*** BONUS FOR BTC INVESTMENTS)! Please change the design and just allocate Wings based on $ value invested, otherwise this is a big FAIL and I have wasted 5 BTC. I feel really pissed off.

Disclaimer: I was not aware of the stupid allocation rules when investing. In fact, I actually didn't want to invest with BTC but with ETH, but then there was some stupid exclusive bonus for BTC investors. MISLEADING!

Example:
1 BTC investment (=$908) gives me 33,322 Wings
867.7 ETC investment (=$908) gives me 247,326 Wings

That's more than 7 times more WINGS for the same amount of dollars in value!

Of course I know that it wasn't your intention to get a situation like this. But this situation is reality now and you have to agree that it is massively unfair! I suggest to fix this poor ICO design, because this is just wrong. Please change WINGS allocation based on $ value invested, it is the only way to fix this big mess.

EDIT:
Thanks guys, now I felt like I had to invest 1 BTC worth of ETC to increase my WINGS/$ invested ratio, just so that I feel scammed just a little bit less.

It is ridiculous, etc is bad, but 7 times of btc investment, fortunately I didn't invest, how can the gap is so huge?


agreed, wtf is this?  they said BTC deposit bonus but in reality it was 5x worse than other cryptos?  that was not clear at all.  wtf?


and their calculator is offline.  Incredibly misleading allocation rules.  How is it not tied to the capital amount invested?  

I understand this wasn't your intention but people are getting taken advantage of.  complete bullshit if you ask me.  

I have the feeling i will be bending over when the ico ends.

Is there any way to shift my btc investment in wings to an ethereum classic investment in wings?

I suppose the distribution of wings will be fair if all altcoins are 100% funded. And that this is the case if approximately 5000 btc worth of funding is raised.

As you have said funding under 5000 btc may lead to a second ico round. Doesn't this require that the if the altcoins are not 100% funded wings that are allocated to these altcoins should not be distributed fully. So the percentage that is not funded should not be distributed. This would make it more fair in my opinion.

i don't understand the wings allocation calculator. The allocations for btc funded investment is 70% of all wingtokens.

You said you wanted a minimum raise of 5000 btc. So i would expect at least 3500 btc (70% of 5000 btc) to be raised. But the 70% allocated wingtokens are being distributed with just over 1343 of btc funding. How come?

Wow such a person of knowledge I find it very amusing. First to understand the allocation try to read blogs about WINGS ICO which is btw, available on in several languages , I mean with such intellect you'll surely absorb the substance of the blogs content. Second, nobody in the dev said they wanted to have 5000 btc or more. What  they are emphasizing are the milestones they will make if and when they reached an ideal amount, be it from 5000 up to 30,000 Btc. Lastly , and this really certified your brain's size.Out of 100M wings token to be released, 75% of it is for the ICO. Now until the last btc, or any other valid alt coins are to be donated, there is no final number of tokens yet, that are to be distributed. Fact of the matter is, your fingers are the one that are conclusively thinking about your confusion.