Post
Topic
Board Altcoin Discussion
Re: peerplays
by
mr-whitekey
on 04/04/2017, 02:02:21 UTC
https://steemit.com/check/@texasvsjohnson/peerplays-imo-is-ripping-of-the-2nd-crowdfund

The president of peerplays confirmed this was true in the link above they believe there new ico is worth 50 million market cap.  That the 2nd crowd is not getting 10x coins but everyone else is. So your paying 10x more then everyone else. Your paying more then what the market price was before it went down. I believe it was around 40 a coin. So if they 10x everyone else but not the new crowd fund investors they don't get 10x and are actuallying 10x the 5.00 so 50 dollars a share... They think its fair but I sure don't. But it does sound like a great idea what they are doing. I just find it shady instead of charging 50( which probably nobody would pay they give 10x coins to the past investors) So invest at your own risk doesn't mean it wont be great project and doesn't mean it wont take off when it releases. Its just my personal opinion its over priced.


What they have done is no more than a "stock split". It is very standard practice in the stock market and does not amount to inflation or favoritism of any kind. It is purely mathematical and psychological. They are not favoring the early investors, the market favored them when it decided to pay $40 for their tokens. Having one token of $40 or ten tokens of $4 makes no material difference, other than your perception. They are pricing the token higher than the ending market price, but they have also announced more info that change the viability of the project. Like getting a $4 Million injection of funds to continue employing 20 some odd developers. Where is the issue?