Quote from: WaBiWalt on October 11, 2017, 03:29:59 AM

Quote from: mrx365 on October 10, 2017, 02:01:25 PM

So preICO prices will be 5-8x cheaper than the ico prices? Thats nuts. Other ICO's with similar discounts result in dumps to start trading - no point to invest in the ICO.

Our situation is a little bit more nuanced than that. Some people will probably sell tokens as they hit the exchanges. But keep in mind:

1. We sold 20% of circulating supply (10% of total) at the preICO to raise money to run the actual ICO.

2. Assuming half of those coins are sold on exchange quickly after the ICO - it is 10% of the circulating supply.

3. That would push the price down, we dont know by how much, maybe around 10% but it depends on a lot of other factors.

4. 10% price volatility in crypto is a daily thing. Its noise.

The above argument is not 100% rigorous but helps to put things into perspective.

We would also encourage people to think of the unmet demand that will be filled at the exchange: a lot of people will not pass our KYC (some countries restricted for the initial sale, some people will not be able to provide the right documents, etc). They will probably try to get the tokens at the exchange.

Most importantly, we would encourage people to look at the project long-term, not based on the first few days when its on the exchange.

You basically said it would be cheaper for everybody to buy it on the exchange than in the ICO lol