Post
Topic
Board Announcements (Altcoins)
Re: 🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟 ChronoBank ICO 😍 13 days left! 🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟🌟
by
Chronobank_Community
on 02/02/2017, 16:03:44 UTC
if there are more bonus for last deposits, i surely will invest Cheesy

i lost starting weeks, and i don't feel confortable without bonus Sad

I recommend you do not invest any more, because the ICO is overfunded, 3k BTC is very large market cap. You will catch cheaper price after listing on exchange.

How do you come to that conclusion?
I agree with him. he's actually right. there is many reason for a token or a coin.
1: one reason is the bounty hunters. most bounty participants usually don't care about the potential and future price and benefit of a new project. they just care about the current price. whenver the coin listed to exchange they'll jump to sell their coins and get btc.. some of them sell the coins even cheaper than ICO rate.. Iconomi did a smart move to encounter dumpers. now lets see what will you do.

2: 2nd reason is bitcoin price. when bitcoin price increase than most of altcoins price drops.

1: This bounty campaign is a very small % of the total coins that will exist, and they are not released until 1 week~ after investors have their tokens. This is not like some coins that put 5% or more of the total supply into bounties.

2: The total supply if the sale ended today would be well under 500,000 TIME in existence. Of that, 12% will be locked up for 4 to 6 months, and another large portion is held by the VC firm, who are not teenagers living in their mom's basement ready to dump for 1% profit. They are in it for the long haul. The actual number of TIME available to be sold on exchanges will be in the 250,000 range. It will also be on 4 or 5 exchanges at launch, not 1 like most other projects.

People can say "over-funded", and "will dump on exchange", until the cows come home, it doesn't make it true.