Quote from: Bambulee on July 17, 2017, 05:11:44 PM

01/2018 Tezos will hitting the exchanges

As much as I would like to see Tezos produce a token I don't have much faith at this point. 2 US based class action suits against them currently and a whole slew of negative press. I went into the ICO with some play money (32 ETH) so am not out as much as a lot of friends but it still stings. I read recently (not confirmed as of yet) there was a contractual obligation to deliver a toke to 1 of 3 major exchanges (Polo, Bittrex, and another I don't remember) by 12/28/17 or they had to refund tokens to ICO holders. I think the best thing would be to see the refund from a financial prospect (just my opinion).

The Pre ICO / Futures trading you see on one exchange is not even close to actual value representation. The PAY / TenX ICO had futures on the same site that were up to 90 USD per token prior to launch. On launch day it crashed down to 18 USD within minutes and then met the same price of the actual tokens within a few hours. There were people who lost a LOT of money on that. I had also gone into that ICO and was pretty excited while following the ICO prices. Seeing how it played out taught me that the ICO value on that one exchange is nothing more than a pipe dream and unfortunate way to deceive people who may not realize what they are actually buying. As I understand the exchange in question has secured an amount of the tokens and the Pre ICO trading is backed with the idea that once a token is released you are entitled to get the number of tokens that match the number of ICO tokens you buy on their exchange. I have yet to see a single Pre ICO token get redeemed at even a fraction of the trading prices. The exchange loves it because they make money off every trade so its pure profit for them regardless of how the tokens go or the value holds. Don't get me wrong, its a smart move on the exchanges behalf but it just feels wrong and deceptive to me. This economy needs more honest players to continue building legitimacy. Until we get there it will be more negative news, bad bubble warnings, and exit scams. But hey, it is what it is.

Nothing would make me happier than to have to eat my words!!! This is one case where I would love to have thousands of flames pointing out I was wrong when I posted this. But I fear that won't be the case.