Why do a project requires so many ico phase? 20 phases is ridiculous.
The dev may think they are very smart to create fake demands by offering many small ico phase.
This only pissed off genuine investors and create a toxic environment. Just like Ucoin.
If you are in Ucoin telegram chat you can see how bad the situation is yet we still see projects following their footsteps.
It beggars belief. Or is this some kind of a cultural thing?