Post
Topic
Board Altcoin Discussion
Re: XYO just screwed their investors after token sale
by
Saisher
on 21/05/2018, 23:58:07 UTC
So, the XYO token public sale just finished last night.   After completion you can  see a "Gamma" token sale.  They are continuing the sale with no fixed end date. 
What is more troubling is that they promised they would burn the unsold tokens, but instead they "allocated" and extra 5 billion tokens to this Gamma sale effectively diluting
the tokens of the investors from the original crowd sale.   Now, instead of 9 billion tokens, there are ~14 billion tokens.  This move works to the detriment of said investors.

These are the facts.

Spin it any way you want to XY, but this is a clear betrayal of our trust.   I hope there is a special place hell for you. 

I am not surprised, do not invest in ICO it's a rule for me in crypto

It is indeed a betrayal changing the rule at the last minute, investors will be shocked to see this last minute changing, they are one of the most publicized Ico in the market, I doubt if they can still gain investors for doing such act, they should have a clear explanation on why they decide to do this.