Post
Topic
Board Announcements (Altcoins)
Re: 🎮🔥HyperLoot Protocol — First eSports Monetization PaaS 🔥🎮[AIRDROP][BOUNTY]
by
tima.pticza
on 24/09/2018, 13:16:17 UTC
How exactly does the lack of ICO make the project more legitmate and secure ?

Hey, well the things is that an ICO is a mechanic to uphold the token price and fund development, but it makes for up for a lot of issues starting with full pre-mine: essentially saying you get all your currency out there only to sell a vast amount off. That makes for a second issue - if you sell so much it means there's no real need for the whole emitted amount which is fine on it's own. However, that means that adoption cycle will be incredibly long (if it's not some sort of currency). And it salso creates a situation where a lot of tokens can be held in a centralized manner, not even mentioning that team remains with a large amount of tokens at their disposal. We avoid all of that? our tokens are fair game for everyone participating in our DAO and our team is decentralized fromt he get-go. Oh and one more thing - we do not let minor investors pout their money in, avoiding a pump and dumpo where someone might get hurt.