Post
Topic
Re: [ANN] JSEcoin
by
crytonut
on 24/07/2018, 22:33:09 UTC
Well, as of today I see an elephant in the room.

We reached the 20 million JSE ICO distribution a few days ago, and there has been about a further 150k distribution after that, so far.

At this pace, that means only about 150 million ICO distribution by end date of Oct. 11. This isn't even higher than the total amount that has been mined as of today. There would be no point dragging the ICO out beyond that.

That means about $900k for the team to advance the project. Is that enough? I don't know.

This is far below the 5 billion distribution or $30 million hard cap hoped for. I understand though that something far below $30 million, but still much above $900k, could still be adequate.

What I see are many more interested in getting the exchange going and fantasizing about possible price, than actually investing in the project in the first place.

There are 90k+ registrants, 20K+ publishers, and 3k+ miners, the vast majority whom have apparently not yet showed up for the ICO.

I would have thought these groups would have been the most dependable investors. Apparently not, so far.

I don't know the JSE team, but am impressed with what they've done and how they've handled everything so far. I hope others vote with some of their funds as well to make the fantasies a reality.