Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] CoinSpark: The Exchange That Pays Dividends to Spark Coin Holders
by
cascano
on 20/01/2018, 08:52:08 UTC
Hello,

In your whitepaper you state the following : "Unsold Spark coins will be reclaimed by CoinSpark". The total  supply of spark coins will be 25,000,000 coins. One spark coin will cost 0.0025 ETH during the ICO. This means that the total supply will have a total value of 62,500 ETH = 62,500,000 USD (if you take the current price of 1,000 USD/ETH).

What will happen to the remaining coins? Will they sent to a burn adress after the ICO? Will the Coinspark team claim these tokens after the ICO end? Will these be distributed to the market? If so, how? With a time-lock or will they be released all at once?

I think it would stimulate ICO participants if the remaining spark coins that were not purchased during the ICO will be sent to a burn address. This will create value to the ICO participants.

If you look at the current mc of coss they are around 70 million USD. When the ICO ends the mc of sparkcoin will be 62,5 million USD already without achieving anything yet. How will you ensure that the tokens will not be dumped on the market after the Coinspark exchange goes live in june 2018? In my perspective it would be much better to buy the coinspark tokens if they are at a mc of e.g. 15 million USD, than at a mc of 62,5 million USD.

ICO participants take risks and should be rewarded accordingly in my opinion.

Best Regards,
Cascano