Re: [ANN] Peerplays - First Ever Blockchain-Based Gaming Platform

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.

Quote from: badpeanut on May 02, 2017, 09:05:51 AM

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?

https://coinmarketcap.com/assets/peerplays/

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.pdf

In 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.

Ok, I apologize for not researching 100% about the exchange freeze. About buying in the end of the freeze we can't proof its inside or not.

But I still stand 1:10 is misleading for new investors. But I hope I cleared up some knowledge for new investors at least.

This my last post here and I apologizing for the fud. Good luck with the project

Once again the persistence of false narrative is showcased in this final post.

All I can do is repeat once again what was already stated in the same transparent and very detailed and clear language we have illustrated throughout this project since it started:

www.peerplays.com/docs/Peerplays_Bulletin-Feb_2017.pdf

Everyone should study this for themselves. The document is significant. Many professionals and legal counsel contributed to this document and it passed through many layers of approval before it was made public. We take communication very seriously and went to great lengths to provide more transparency than what is the defacto. So to say we have been 'misleading' in any way is a stark mischaracterization of the facts and our clearly demonstrated intentions over the span of nearly a year.

Join us in @Peerplays Telegram Group.. feel free to ask questions.

Is there anything to justify this jump in price though? Investors invested 1BTC in pre ico will have a lot of incentive to dump for immideate 25x gains... so better buy after the ICO ?

Well.. some facts: We closed last time at a $42m market cap.. today we are coming out at $30m market cap.. so there is room to grow.. this was at a time when a $42m market cap had us in the TOP 10 of CMC.. we were #9. Today that same spot is occupied by a project that at the same time we were valued at $42m was valued at $18m.. and is now sitting at $347m... its all speculation at this stage.. its amazing whats going on though.

The blockchain is launching.. with or without you. Our presale had people saying these exact same things at $2 to $3 when we had nothing but a whitepaper to show. Today we have a team of 25 developers worldwide, proven ability to deliver on our milestones... and a working technology and already have raised nearly $5 million.

These attempts to misdirect on price have increasingly seemed more like an attempt to shake us down to lower it in some fashion when we have in fact already come in at a discount. ICO dumpers just cant see it.. and really who wants them in a starting blockchain?