6 million tokens at 41$
Where did you see that? afaik (and I might be wrong here), when the price was at $41 the total supply was only 1million.
but the founder state they end up with 42 mil marketcap so there was only 1 million supply at start and now they gonna change 1 old token for 10 new token for $5 for 2nd ICO round
hm... yes... where is the problem? even with 10 million tokens the new marketcap will be 50 million, where do you see a problem here?
I see a huge problem. For the new investors they dont know the token is already increase 25x the first round of ICO. Its a huge risk to get dumped on. Founders should update it on the first page here so new investors are aware they change there token supply from 1mil to 6 or 9 mil. Its misleading, I though i could buy for 5$ seems a good price. Only 2.5x the pre sale. Seems reasonable but if you know the price is already 25x of there pre sale its too risky.
Seems a good project but shady to freeze the price at peak without announcing. If they announce before the freeze price it will never stay at $41. So i think its a inside trade to push the price up before freezing and let newcomers buy on peaks.