Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][Open Now]DataBroker DAO ⭐ Decentralised marketplace for IoT sensor data.
by
themathiasmiller
on 14/04/2018, 20:40:57 UTC
Quote from: tiCeR on April 14, 2018, 12:14:19 PM
Quote from: Yorikis on April 09, 2018, 06:06:44 PM
Quote from: themathiasmiller on April 09, 2018, 06:32:27 AM
Quote from: tiCeR on April 08, 2018, 10:26:23 PM
Quote from: coin63 on March 31, 2018, 12:15:41 AM
Quote from: slavonicpl on March 30, 2018, 06:29:29 PM
What is the minimum for participation in the pre-sale?
The minimum is set at 10 Eth! There is a feeling that the creators of the project want to weed out small investors) but this is just the pre-sale.

During a presale it sounds normal to ask for 10 ETH as minimum investment. You don't want to deal with thousands of investors during the presale. Usually you want to pick strong strategical investors to get started.

I agree with what you said mate, a lot of ico that turned out to be successful had the same marketing strategy. They are trying to filter their investors, they're trying to choose the investors that's really in it for the project and are taking their project seriously. Actually 10 eth is a huge amount of money to invest in, so those who are investing are the ones that truly believe on the future of this project. The presale usually offers the largest number of bonuses so it's just reasonable that the minimum amount to invest is also huge. Small investors can always participate in the public sale, but I'm just not sure if they will offer any bonuses anyway with the potential that this project has, there's no doubt that everyone who invests during the ico will be profitable.
But if you compare it with other projects, you can see that 10 Ethereum is not much. A lot of people can invest that amount.

A lot of people can pay at least 10 ETH? That might be the case for guys like you and me, but I bet there are more people who can't afford 10 ETH than there are who can afford 10 ETH.

Exactly very well said, there are a lot of people in the cypto world who doesn't even have 10 eth so I'm sure not a lot of people are willing to invest that big of an amount. Some people especially those who are newbies to crypto sill don't know the rules when it comes to investing on an ico, so they might fear risking that amount for a single project and those who are not that new might like to diversify and with 10 eth you can already have a lot of tokens on you bag. 10 eth might not be that big of an amount for some but for some people who are living in the third world countries that's already enough to pay for their 4 year college degree.