Post
Topic
Board Announcements (Altcoins)
Re: [ANN][TOKEN] XYO - Decentralized Crypto-Location Oracle Network. Sale 20.03
by
chickaboom
on 20/05/2018, 13:14:32 UTC
Hi dev, the ico is almost over right now. It will be finished in less than 24 hours.

Right now you have raised almost 17500 eth, that have a values right now more than 12 million dollars.

I think that is great, but is far from 48 million dollars.

Do you think that this might be a problem?

Today, in XYO's  telegram chat, Scott Scheper, the Co-founder & Head of Marketing had stated that they are way short of the $48M expected ICO funding (as of right now, they have raised 17,500 Eth at $700 = approx. $12.25M).  As a result, a few days ago, they came up with a so called Gamma Sale which is a another ICO.   Another thing they mislead investors saying that coins will be listed at exchanges after the ICO but now, they flip flop and saying it won't be listed for another 6 months.  They have pissed off so many existing investors.  check out their Telegram Community Chat: https://t.me/joinchat/GVfdkUtqtEQ5CC2xXYMqlQ   

Wow what the hell is this ? Is this the truth or just fake fud ? Can an admin tell us if this is true or not please

The team did not come up with Gamma sale. Gamma has been part of the roadmap all this time, only some of the details are new.  It means that more people will be able to use the Network and allow the team to pour every single cent of the resource back into the developing the network, hiring the best team and continue growing it.
XYO team believe the best thing to do is flip the equation so that major exchanges sees XYO's  technology/platform/community and is begging XYO to list on their exchange; whether it's a few months, 6 months, etc. In the meantime, XYO will likely be freely tradeable on cryptocurrency exchanges because Decentralized Exchanges are everywhere!