Post
Topic
Board Tokens (Altcoins)
Re: 🌟🌟🚀📈[ANN-ICO]ATLANT Real Estate Platform| 📈🚀🌟🌟
by
dillpicklechips
on 24/11/2017, 02:27:50 UTC
And not to the organizers of ATLANT, what is the discrepancy of the white paper?
the total number of ATL tokens was limited to 150,000,000
3.5% pre-sale 5 250 000 ATL
69% ICO 103 500 000 ATL
15% team and consultants 22 500 000
12.5% ​​bounty 18 750 000

Sold in total for real money 13,225,026 ATL out of the possible 108,750,000 (pre-sale and ICO)
that is 12.1% of the possible, 87.9% destroyed

It turned out:
total: 54,175,041 ATL 100%
13,225,026 ATL investors (pre-sale + ICO) 24.4%
22 500 000 ATL team and consultants 41.5%
18 750 000 ATL Bounty 34.6%

The question is: why did not they destroy proportionally 87.9% of the bounty and from the team and consultants?
This is nonsense, when investors received less than the bounty for the pre-award and ICO.
Yes, and most of all this does not correspond to the ratio indicated in the white paper!

Boom.  Perfect post.

And this is why I just went ahead and dumped my 2.7 btc worth of ATL (My ico cost) for a 90% loss.  I'd rather get something then nothing.  Lesson learned.  Fucking crooked ass team with their full dev fund (instead of scaling it back with the actual tokens sold), and not scaling back the bounty fund which actually exceeds the ICO and pre-ICO total coin count.  If you can't see the bad mathematics here, there is something wrong here.  ATL will not recover from this and will be a dead coin with millions of funds raised.  Fuck you....I'm out.  And good luck to any of the bandwagonners that decide to stick this through.

Those numbers look beyond terrible...I didn't know it was that bad. What was the responsible smoking when allowing 34.6% of total tokens to go to bounty while investors got 24% ? Is there any precedent of ICO with these %? Are the bounty team family members of whoever took the decision or did someone just have a bad day when calculating this? The funniest now are bountyhunters trying to convince others they're not going to dump in the next 4 months and they all believe firmly in this project... I've never spoken bad of any project apart from scamconnect, but this looks bizarre and no I'm not fudding to buy in cheap..Sold my stack the first day it hit ED and couldn't be happier to get out even with small gains. Sorry for the unknowing late investors like the guy above me and good luck and patience to those who stay, you'll need it.

Of course they will dump, and seeing them saying they won't dump was the final reason I needed to get out.  It will be a race to get their coins to the exchanges.  Polo will never list this shit.  Neither will Trex.  It's a securities token.
The best strategy for them to use is to list the ATL token to as many trading platforms as possible so the supply will get dispersed and the token to live on. What I mean by getting listed in trading platforms, not those crappy ones but to those who have a decent volume.

I don't know what IQ that the one who made the computation is but he is stupid. I just hope the team would not just abandon this coin and take all the cash they can. I hope that they have been working on getting listed as many decent trading platforms after delaying the bounty distribution all this time.