Post
Topic
Board Tokens (Altcoins)
Re: [ANN] æternity ∞ AE ∞ TESTNET live [PoS x PoW | Smart Contracts | Merkle Trees]
by
Mercurius777
on 31/03/2017, 11:15:46 UTC
We decided to have no volume cap so that anyone willing can participate. We believe that if more people have AE the value of the underlying system will increase. No cap was also Ethereum's approach and that was quite successful.
By putting no cap on the crowdsale you are essentially putting the investors at risk. It's like a crowdfunding campaign without goal or telling the investors "I don't care, just give me all your money". I understand that you want to raise as much as possible, but I really hope you will reconsider your decision on this.

Why do you think this is a problem? "Overbought" is a speculative term for day traders who want to sell ASAP, lol.

IMHO, if you truly believe in the project's potential you want as many other people to take part as possible for bigger network effect. Caps are like soft private sales - you restrict the number of potential backers and users in order to make 10 people rich. It's all in the family.

Waves is overbought, Lisk is overbought, I don't know how much Aeternity will raise, but what I confirm is over 10k btc is overbought, hope only 1-5000 btc so that investors can make money.

Hi Autada,

I can see why you feel that way. But the primary objective of the backing campaign is not to make money, but to build something anyone on the world can profit from if they put energy, time and their mind into it. And the missing cap should show the reflection of how willingly the world is to build something like this.

best regards
Dan