Re: [ANN] [ICO] (CED) CEDEX 1st Ever certified blockchain diamond exchange
So I know that the presale of Cedex sold out really quick but what about the ICO ? How much did you guys raise so far ? I can't find any info on your website
50,000,000 CEDEX were made available in the sale, with half of them being available in the pre-sale, which sold out. That left 25,000,000 CEDEX for the main sale, of which 1,194,971 have so far sold + passed KYC, and can be counted on the progress bar. You can track this on the website:
Something of concern:
Total CEDEX tokens = 100 million
Total available through presale + ICO = 50 million
Total sold thus far = almost 26,2 million
Total left before ICO ends = about 23,8 million
Your whitepaper states "Any tokens offered for sale to the public and not sold will be destroyed". (**Point to remember !!!**)
Let's be honest - your ICO event isn't doing well : you have only managed to sell just over 1 million tokens in roughly 2 weeks.
I will be generous in assuming maybe another 3 to 4 million in the last 2 weeks will be sold (I'm sure you will have further bonuses during the last few days
) - so let's make it a round 30 million that will be sold.Now here's the worrisome part: 50million - 30 million = 20 million tokens will be destroyed (more or less)
!!!Then to add to this, there are 50 million still stashed in your reserves which weren't available for purchase - what are your plans for this ?? Then again come to think of it - this is a rhetorical question - you are going to dump them on the exchanges right so you can make a nice profit!!!
This leads us back to the point I made earlier regarding a softcap - and now illustrating the importance of one further. You don't have one purely because you are playing it safe: if you don't reach it - you will have to return the funds collected, and that way you won't be able to "cash out" the 50 million tokens stashed.
Is it my over-creative imagination or someone's bluff being called??