Quote from: oilreg on July 28, 2017, 04:15:16 PM

i guess i found this thread to late....

but wanted to share my EOS, ICO experiences... which are fishy as hell imho..

Naturally if i join a ICO i would hope for a better price then i can get on the exchanges

So we got the 2 Millions Tokens which get distributed every 23 Hours ..
20 Minutes before the Countdown ended ... there where 5400 ETH collected for this Period ... that would be still a very good rate to get the tokens for 0.54 USD
3 Minutes before the Countdown ended ... there where 10500 ETH collected for this Period ... that would be 1.05 USD ... and the Rate i would have expected to be.
but then suddenly in the very last Minute ... a whopping 8200 ETH where added.... balancing out the Token Sale to exactly the current Market Price of 1.90 USD

uhmm seriously that felt like the most rigged ICO i ever taken part in.

It's that a ton of buyers (or small number of buyers with a lot of crypto$) are sitting there thinking the same thing that you are, and hit purchase within the last 10-20 minutes.
The effect is greatest in the last minute, since it takes a bit of time to update the numbers, so people are buying without full information.

That it's continued this long is impressive. But you have to figure that at some point the demand drops, and future buyers get them for less than the advance purchasers, which will kill their market.