I was wondering what everyone's opinion was on the Equibit ICO. Me personally I'm not 100℅ convinced but, I'll mostlikely be investing 50-100$ just to see what will come of it. Comment your opinion please.
equibit coin i think is not good coin if you want buy in ico selling
because is team not good, not use promote coin in ico selling(signature campaign or facebook campaign), so many people can't know about equibit
ico selling not use escrow is danger to result scamer coin
The fact they aren't using escrow has me on edge.
Read before you judge...
http://equibit.org/post/ico-escrow-agent/From where I stand the whole thing seems a little shady, a little unprofessional, scam-ish. They are selling 1,000,000 EBQ but at the same time it is a minable coin (PoW) as said in their paper so that means neither the mining or the network are decentralized or who knows maybe there's something I mssed. The prices they have are increasing by the tranch so that in a way forces people to get in as early as possible also the coins are non-refundable.
Anything can happen until the end of the ICO and keep in mind that there are going to be 22 million EBQ after all of them are mined, at the end of the first year the devs will have over 1,000,000 EBQ themselves from mining alone, mining which probably they control. This way they will have all the power over supply (or almost all of it) so that means they would control the price.
You can risk your money but to me it looks like it is either a scam or they simply didn't explain properly how all of this is gonna unravel, what are they going to do with the rest of 21 million minable EBQ, will people be able to mine, will they control it?
Yes, the token sales is only 1 million, and more coins will be mined, it is unfair to ico investors, and the token prices are very expensive, I think this coin doesn't have more room to pump.
No more room to pump? Shows that you are only looking for pump-n-dump-coins. This is a serious project, not a pump-n-dump scheme. If companies get aboard the project and it goes mainstream, the value could be ten or hundred times higher than the ICO price.