OK fine fair enough, but we were never told what the pre-ICO buyers got as a deal, there are rumors at 30% off, which is significant but not unrealistic.
I'm also certain that STOX has no control whether these investors decide to hodl or not.
Volume is still pretty low, but price is far FAR below ICO levels. This obviously does not look good to any investor.
I'm going to do some simple math. We invested ETH for STOX, in similar ICO's, price did a good job at matching at least this ratio. EOS is the best example that I know, matching it almost exactly every day.
1 ETH for 200 STOX. ETH was at $220 when we all invested on that fateful day (kind of got cheated with the $200 average they set so it's quite safe to ignore that)
This means that each STOX needs to be selling for $1.10 to break even with the price of the ICO. It needs to be exactly $1.35 to match the price that ETH is currently trading at.
We are currently trading at $0.95 cents and traded as low as $0.85 cents. This is an INSTANT 20-30% haircut on the ICO price, and FAAAAAR below ETH's current pair price.
Either STOX is incredibly super cheap and a must buy right now, or there's some fishy shit going on in the background.
Not to mention how lazy and disappointing it is that a platform specializing in betting won't have anything in place to take bets for the Mayweather/McGregor fight which will be one of the biggest, if not the biggest ever. Especially considering that they paid one of the fighters to endorse their platform. They need to AT LEAST have a simple script or smart contract to take bets for this fight. If they don't get that done then they will lose the betting war with Wagerr, who WILL be taking bets.
People would have been offered free coins, staff, endorsements etc. They can sell when they want. You can safely say it wasn't people that bought it during ICO. So it would be safe to say there are close 30mil of STOX in peoples pockets still so the investment is safe. If people panic sold then that's a bit silly.
I don't think they are lazy at all. The Floyd/Mcgregor fight was announced how many months ago? pretty sure the project has been going longer than that and established their roadmap wayyy before that. Why would they rush it just for that fight, Why risk putting out something sub par that could damage the reputation and our investment. Id prefer them to take their time and produce quality work.
I don't really think it was a coincidence that the ICO was August 2nd, do you? that was around the time it was guaranteed prices would be down across the board. People would have been hesitant to buy ETH around its ATH price and more hesitant to let it go for a new project. People are more likely to invest it while its cheaper. They then also know it was going to rebound so their received ETH is now worth a nice % more than the day of the ICO