Re: [ANN] CargoX.io - Whitelist now! ICO soon! Raised 2500 ETH in 24 hour presale!
Everyone here saying that the ICO was a scam is just mad that they couldn't participate. If you'd had done your research about how to set the right amount of gwei and gas then you would've gotten a better shot to participate.
I personally sat down in front of my computer with the CET clock displayed on another tab window and sent my Ethereum the moment the clock stroke 15:00 CET. As the network was overloaded by the massive amount of people trying to contirbute to the project, only the tx fees that had a higher Gwei price were taken first. The smart contract was triggered a s it should and I was lucky enough (had done enough to set the right gwei price and gas limit) to participate. I had to wait 5 minutes before my transaction was processed. The total fee was about 30$ for me. So don't spam this announcement thread saying the ICO was only for whales.
Over 2000 contributors participated from over 95 countries. If you take the average of 7 million USD divided by 2000 participants you get an avergae contribution of 3500 USD per participant. These numbers aren't small but they are definitely no whale numberS.
As far as I'm concerned the team at CargoX did a great job. The max amount of ETH that people could send was set at 5 ETH to prevent whales buying up all the tokens. The ICO hard cap was small to begin with and that's a good thing. It shows that these guys aren't here to just take peoples money, but they are here to deliver a solution for a critical problem in the shipping industry.
The team is solid as they are already an active company in this industry. They have won several prizes as a start-up in 2016 and are set to go big in 2017. Even if you couldn't participate in the ICO, the hard cap is only 7 million USD. Even if people sell it for x4 the price already it is still a good investment. How many crypto proejcts have a real dedicated team behind them with a real working product already? Not much if you ask me.
I personally sat down in front of my computer with the CET clock displayed on another tab window and sent my Ethereum the moment the clock stroke 15:00 CET. As the network was overloaded by the massive amount of people trying to contirbute to the project, only the tx fees that had a higher Gwei price were taken first. The smart contract was triggered a s it should and I was lucky enough (had done enough to set the right gwei price and gas limit) to participate. I had to wait 5 minutes before my transaction was processed. The total fee was about 30$ for me. So don't spam this announcement thread saying the ICO was only for whales.
Over 2000 contributors participated from over 95 countries. If you take the average of 7 million USD divided by 2000 participants you get an avergae contribution of 3500 USD per participant. These numbers aren't small but they are definitely no whale numberS.
As far as I'm concerned the team at CargoX did a great job. The max amount of ETH that people could send was set at 5 ETH to prevent whales buying up all the tokens. The ICO hard cap was small to begin with and that's a good thing. It shows that these guys aren't here to just take peoples money, but they are here to deliver a solution for a critical problem in the shipping industry.
The team is solid as they are already an active company in this industry. They have won several prizes as a start-up in 2016 and are set to go big in 2017. Even if you couldn't participate in the ICO, the hard cap is only 7 million USD. Even if people sell it for x4 the price already it is still a good investment. How many crypto proejcts have a real dedicated team behind them with a real working product already? Not much if you ask me.
I agree to some extent. I acted the same as you and did not get in. There is also luck involved which transaction will be mined first (if they have same gwei and gas).
Their recommended gas and gwei was way off. I understand that it's hard to set the right target but their estimations were not even close. Average gwei was I think above 200? They had the information of white-listed people and how much each is planning to contribute. It was a good gesture to put a max cap per white-listed address. Maybe they could still lower it down to I don't know 1 or 2 ETH? Or is that maybe a factor that would harm the ICO? I actually see it that it would benefit it.
Yes, I am writing this because I didn't get in. Otherwise I wouldn't be looking at these things (and I wouldn't be salty
). But that is because I like the product and the team. And yes, I will buy it (probably) when it hits exchanges. However if I see x5 price on the exchange I will not be happy. And there are a lot of people with the same experience.