Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PreICO] WaBi (蛙币) solves fakes🔥 in China - LIVE NOW
by
John Cryp
on 14/10/2017, 02:03:48 UTC
It's not small amount of tokens.
Large enough to dump on exchange.

You should lock pre ico investers token at least 3 months after ico or we will not invest in your ICO. We don't want to become  bag holders.

If you believe that the WaBi will plummet after entering the exchanges, by all means, feel free to wait. However, we'd ask you to consider more than one factor when making this decision:

1. We didn’t have a private pre-sale. We did a public Pre-ICO which resulted in a wide distribution of tokens with very small amounts held by any given individual investors. Please see for yourself: https://ethplorer.io/address/0x753af9dbe862fdb00db5bc9455063e3aad3674bd#tab=tab-holders&pageSize=100

2. Exchanges do not have KYCs and, as noted in our whitepaper, we explicitly excluded certain nationalities for ICO participation, in addition to people who would not want to go through the KYC process.

3. Aside from the ICO, we are a rapidly growing company with constant business developments. I realize that this factor often gets lost in the crypto world due to the scarcity of projects with anything more than a vapourware promise. But this is by far the most important factor influencing the market cap, in the non-crypto world.

The contributors in the pre-ico entered with small amounts because they believed in the solution and the team, but not everything was set in place yet. This project went way bigger along the road and a lot of interest is starting to show up lately. Im pretty sure hardly any of the pre-ico participants will have any reason to sell, except if they need fiat badly. If you're on Slack and Telegram you see most pre contributors will only buy more because almost all of us went in with way to low amounts for projects like this one!