Quote from: tk808 on August 16, 2018, 05:58:37 PM

Quote from: tk808 on January 10, 2018, 03:06:48 AM

I don't doubt there is solid tech and features behind this coin, actually looks like the first promising coin of 2018. Like pretty good, but lets dig in at some finances, Because; after all, you're talking to investors here.

...Greedy. Valued their product over $250 million USD before anything is developed, at ETH's current rate. AMAZING! $250 million usd for to develop this project? Like seriously, you're telling me each token you're selling is worth more than $1 USD or $1 EU,nonsense.

These companies are valuing their ICO's based on the current performance of a BULL market, not actually what it takes them to develop. When they go through the ICO and determine how much each coin is worth, they look at the current climate and gauge... investors can make an easy X2 return on this coin, because that's all that matters is ROI, and if investors are not making at least X2 on ROI within the first week, then it was definitely a failed ICO.

So, basically, they think investors can pull x2 profit from their coin (they left investors with skin and bones), with a total evaluation of around 500 Million USD for this ICO. If you mention something about a hardcap, you always ALWAYS invest based on hardcap of the ICO's, or you really have 0 clue on what you're doing, ESPECIALLY for the private investments. (Read carefully before you comment on this).

I'd love for the devs to explain how they came to the conclusion for the ICO's price. But i'll tell you here and now, it was magic number pulled out of thin air.

EDIT: It seems like all the sheeps are congregating on telegram these days, and there is no meaningful, real discussion that occur on any of these fucked up ICO's. Bubble markets indeed... when people don't even know what they fucking invest in anymore. These types of ICO's will eventually cause all the crypto markets to collapse on its head.

Don't say you weren't warned, scrolling back on this thread there are numerous of puppet accounts that immediately went inactive after the sale was done. ABT is currently trading at $0.12, a 88% decline on the base ICO price, and even more if you want to compare the peak at 1.5 or w/e. It's among the worst performing coins to date on the markets.

I did invest in ABT at around $0.3 USD, but their efforts are so poor that the only hope to make any return is when another bull-market hits or waiting a few years when the platform is fully developed. None-the-less, this ICO got butchered, karma bites hard when you have little interest in protecting or understanding, investments and trading within crypto.

Now it's such a time on the market that only the strongest projects will survive! I remember how the ICO project ArcBlock passed and what kind of HYIP was around the new technology Blockchain 3.0.

Personally, I was not able to participate because my application for verification was rejected and I had to buy tokens already on the exchange at a high price! But I do not regret it and will keep tokens until better times, maybe the team will still show what they are capable of!