Post
Topic
Board Tokens (Altcoins)
Re: [ANN][TGE] Jarvis - Hybrid exchange | Decentralized hub | Token with revenue
by
Rigorous
on 02/12/2018, 16:21:49 UTC
What's the point of having an ICO if the token is already on the exchange?

We do not plan to list the token before it can distribute value. We do not want to do the same "mistake" as other ICO: listing your token without any product or utility. This is what caused the -99% performance of most of the 2017/2018 ICO tokens.

I think pynetx means: who is going to buy tokens through the ICO if they can get them cheaper on the secondary market?

- ICO price is higher than market price: nobody buys ICO tokens
- ICO price is lower than market price: tokens will be dumped on the market until below ICO price

In both cases: supply increases, therefore market price goes down.