Can you tell me how this project is "asset backed" when they are pulling money out of thin air giving out up to 25% bonuses?
Only the crowdsale tokens are "asset backed" (that's 51%) and on top of that you have bonuses up to 25%! These bonuses are not "asset backed" either.
They must have been called out on this before, no? I can't be the first who has noticed this. I don't have time to read trough 100+ pages to find their response to this. Someone knows?
I wouldn't be surprised if no one has called them out on this yet. Anyone who read through the whitepaper and really thought about it would have seen that this was a terrible ICO to invest in.
Aside from being a windfall for the team, there were plenty of other reasons to stay away. I posted a couple of days ago how there is no fundamental reason for this token to EVER trade above the ICO price. This isn't FUD...what I'm saying is pretty clear and simple to understand if you really look at it. The ICO price is basically the maximum amount that the token should ever trade for, so there's no reason to have participated when there's no benefit to tying up your funds so far in advance while also giving away such a large percentage.
The tokens only starts to make sense at 50% of original value, or less.