Post
Topic
Re: [ANN] ETHERPARTY (FUEL) 🎉 SMART CONTRACTS MADE SIMPLE 🎉 ICO + BETA LIVE NOW!
by
paragon999
on 30/10/2017, 18:30:18 UTC
i brought in at the 1 ether = 3000 Fuel price.  Now I see at etherdelat that people are selling at 1 ether for 10,000 Fuel.  They are selling at 1/3 of the ICO price.  How is this possible?  Are people selling at a lost or am i missing something?

What you are missing is the fact, that 50 million FUEL were given to the etherparty team and additional 100 million to bug- and bounty-hunters, sponsors, etc. For free! These people can sell at any price and don't lose a dime. Apart from that, if all the 800 million FUEL had been sold during the ICO, then further demand would have caused prices to rise, but unfortunately the team remained seated at unsold 349 (!) million tokens ...