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.
Published February 21 a week before the crowdfund started:
www.peerplays.com/docs/Peerplays_Bulletin-Feb_2017.pdfIn here we have given great detail of all distributions including the UIA 10:1 allotment which is being claimed above as being unknown.
In regards to "shady to freeze the price at peak without announcing".. I completely agree that is seriously shady. Good thing we gave everyone two weeks notice prior to closing the markets in order for them to buy/sell/hold as they saw fit:
www.peerplays.com/news/important-announcement-peerplays-snapshot-date/The only market that was open was Bitshares DEX, the most transparent market in the world that operates on a decentralized blockchain. We had no involvement in the trading that took place. It's all public and on the blockchain, so anybody can certainly check into it.
I could go on, but I trust everyone can judge for themselves at this point.
So for all the newcomers, you are welcome to check into the facts of the matter rather that this. Join our Telegram group @Peerplays and ask questions.