Post
Topic
Board Altcoin Discussion
Re: IS DENT A SCAM? THE TEAM IS SELLING THEIR OWN BAGS AND DUMPING THE PRICE
by
coin0rca
on 01/08/2018, 18:40:35 UTC
Per Devs/Team on Telegram: end of June, company had paid

- over $2M to operators in data purchases alone, in return company gets DENT tokens which they have to liquidate
- $1M ($10-$12k/day) for SMS verifications
- between $2 and $7 in user acquisition, depending on region (marketing); with over 3 million users, let's average that to $4 per user, so $12ish million so far? (https://www.statista.com/statistics/185736/mobile-app-average-user-acquisition-cost/)

They raised 21K ETH during ICO (out of 152K they were actually after). How in the fnck did you think this was going to go? Use that 21K ETH -- which would've been depleted probably by now already -- and call it a day?

=> less than 10% of company assets have been used in the first year to run the business. If you've ever seen the burn rate of startups, you'd come to the conclusion Dent has been operating with great care wrt to their funds.