Re: [ANN] Peerplays - First Ever Blockchain-Based Gaming Platform
peerplays is not charging you guys 5.00 a coin its 50 dollars on this 2nd round of funding. So what they are doing is 10xing everyones holdings who bought on the first crowd fund who paid 2 to 3.00 a coin. The people paying 5.00 a coin will not get a 10x on the 2nd crowd fund of the coin. So the president i talked to confirmed it. So basically if you bought in the first ico you get a nice deal the people who are buying now are paying like 50 bucks a coin because you wont get a 10x inflation like the first round. So this is imo a rip off for the 2nd round buyers. He thinks its ok to boost the ico pric eto around 50 bucks cause they closed it at 41 on market cap that has nothing to do with a ico price. They are going to have 10 millions and who knows who these 4 million dollar private investors are they can easily flood the market with peer plays and destroy the price of it. Maybe they hold and it stays around 5.00 but I doubt it. This 5.00 price is a rip off. Its double the price of the first ico and your not getting a 10x inflation like everyone else ( including the private investors) from my understanding.
peerplays uia's were traded at $41 before they were locked at 23rd of december. so if you are calculating a little bit, it is a quite fair deal that is offered to the new investors. remember: the tokens are locked since december and can't be traded since the end of may. nearly half a year our money is blocked and we are taking the risk that they are not running away with our money... so tell me, what risks are YOU taking, if you are investing now, at a time when the peersplays blockchain has been developed and ready to take off?
That has nothing to do with new investors. If it got halted that is not new investors problem. So if it got halted at 41 they should be 4.10 cents if they want to follow the market cap. Not 5.00 and tell people they are paying for a 41 million market cap. The people buying into this ico are being over charged. An ico is about getting it cheaper before it hits the market. Not the market price when it was really high. So if there is no lock out period for the 4 million from private investors ( who remain anonymous no proof of other investors) they can flood the market with peerplays and sell all of their shares and destroy the price and buy back at a lower price. I just don't think they will get many more investors in this ico. I been wrong before but this is very fishy to me. But gl with it I do hope it works out for everyone as I have heard the co founder is well known and respected person in the crypto community. So we will see but I am just going to wait for it to hit the market and expect the 4 million dollar investors to sell off and I can get it much cheaper. I do like the idea of it. And if I am wrong I guess I will miss the boat on this one.
I beleive ur assuming a little too much on that, I mean normally ico's offer up special deals to bulk investors. That is if their buying structure is tiered, there would be no advantage to them to buy bag fulls at the price the average joe buys in right? Doubt any of these strategic investors paid anywhere near 5 bucks
The Peerplays Bulletin details all of this in full transparency and was open for public review weeks prior to the launch of the crowdfund.
Section 3 - Token Information gives a full detail of the distribution. The strategic donations amount to 1 mill PPY tokens. The $4mill means thats they paid $4 per token. This is effectively only a 20% difference from where the public sale started. In addition to this, that 20% difference of the strategic doners has to be locked up for at least six months. This was done in the interest of ensuring stable markets following launch and ensuring alignment of interests.
In case anyone missed it, here is a link to the document: https://www.peerplays.com/docs/Peerplays_Bulletin-Feb_2017.pdf