Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
by
whatsTheDeal
on 09/05/2017, 15:02:49 UTC
Project looks interesting but there are two huge mistakes:

1. The ICO is not capped. Why would you do this? I understand you would like to have more funding and also to have bigger reserves for the tokens, but uncapped ICOs are not attractive for investors. For example Wings (which is a great project) gathered only 2000 BTC beacuse it was uncapped (despite the fact it was highly promoted) but other projects that were capped at 5 million or 6 million gathered way more than Wings. Cap the ICO at 5 million, 6 million or even 10 million but please do it, it will only benefit the project.

2. I looked at the bounties timeline and figured out that ICO will probably last from 30th May till 30th June, which is also too long. Most people back the project either in the first couple of days or last minute. Look at some great ethereum projects that lasted much shorter and were very successful. Inbetween launch of presale and the end of presale nothing happens. Of course capping the ICO would solve this problem since the goal would be reached quicker anyway.

My idea for the ICO is: make it last for 2 weeks or 6 million market cap, whichever comes first.


btw why do you say 6 mil? isnt that low for a company of over 10 people? i would say 30 is not out of question since even storj are asking for that