Re: ▄▀▄ [ICO][SAM] ▄▀▄ Swiss Alps Energy - The Smart Mining Company ▄▀▄
I love the project, but from what I can get from the WP, the tokens are just for a "one off" purchase of hash power from them...
The SAM token doesn't represent a stake in the future of the company or its sucess and that is what I don't like, for something as promising as this I wold like to be part of their success. :-(
The other usual option, hold the token and wait until the price goes up, doesn't work here either... What is the point buying expensive hash power if the token does 2x or 3x up???
I would love to be able to have more "permanent stack" in this project ...
Cheers
MC
The SAM token doesn't represent a stake in the future of the company or its sucess and that is what I don't like, for something as promising as this I wold like to be part of their success. :-(
The other usual option, hold the token and wait until the price goes up, doesn't work here either... What is the point buying expensive hash power if the token does 2x or 3x up???
I would love to be able to have more "permanent stack" in this project ...
Cheers
MC
Isnt that classic approach,that you dont own stake when you join ICO?
When it comes to ICO you don't own a share of the company or the project , you own a token and that is it.This is how it works with all ICO's and this is not exception, it's normal.
Yes, you are right... you never own an actual share...
But usually the token you own, has some mechanism for grant you some returns, depending on how good the project is doing and owing a token, you usually can even get rewarded on the long term in some way backed into the "token economics"
But this is not the case, you only get the right to buy them some mining power... isn't it???
It is not even possible to just HOLD and hope for a price increase... Mainly because after a price increase of 20-30%, it will start to be more profitable to mine in another project and the token will loose its purpose...
As I said, I see that this company has a BRIGHT FUTURE, but I don't see a way to benefit from that long term...
A real pity
Cheers
MC