Re: [ANN][Qtum]UTXO based POS Smart Contract Platform | Crowdsale March 2017
I got some concerns about this Qtum ICO.
First, why are only 51% of the coins being sold to the community?
Why are they using only chinese exchanges and official website? Note that i got told by a dev on slack that Chinese exchanges are going to be the fastest way of buying Qtum, which is bad for every non-chinese investor. Not to mention that all I hear about chinese exchanges is that they are kinda shady and not trustworthy.
What will be the price/Qtum? Not so worried about it but ICO is in 9 days, could get some info on that.
The fact that it is like the first one to not share its code before the ICO, if not then I am sorry, just not aware of any other like this. And the fact that the Mainnet will only be live at least a couple months after the ICO "successful" ending.
Exchanges will keep the coins for all that time, could lead to some manipulation, steal, and whatnot.
I really like the idea, the future plans and the fact that they got a lot of media attention but this last one can also be a very bad thing.
First, why are only 51% of the coins being sold to the community?
Why are they using only chinese exchanges and official website? Note that i got told by a dev on slack that Chinese exchanges are going to be the fastest way of buying Qtum, which is bad for every non-chinese investor. Not to mention that all I hear about chinese exchanges is that they are kinda shady and not trustworthy.
What will be the price/Qtum? Not so worried about it but ICO is in 9 days, could get some info on that.
The fact that it is like the first one to not share its code before the ICO, if not then I am sorry, just not aware of any other like this. And the fact that the Mainnet will only be live at least a couple months after the ICO "successful" ending.
Exchanges will keep the coins for all that time, could lead to some manipulation, steal, and whatnot.
I really like the idea, the future plans and the fact that they got a lot of media attention but this last one can also be a very bad thing.
I didn't take the 49% tokens in the hands of the developers serious until I realize that this is a Proof of Stake project. The team want to eat their cake and have it with this structure and design of the ICO.
I have comment on the exchange listing, their is no need to use exchanges when the sale is going to be available on your site, I know what these exchanges did during Firstblood ICO, they bought most of the tokens and sold it at 2X to buyers on the second day. I won't blame the exchange because they are set up to make money and if I'm in their shoes I will do thesame.
Qtum team can continue to ignore these issues and be adding Roger Ver and co to the team, but what I know is that people are watching every move
And you have option to buy at website so if exchange sells 2x after ICO,you can sell and make profit
