The striking thing about COVA is their not wanting to do a public sale, I am looking to see how this pans out because with such a good project I am expecting a total sell out during public sale and got presented with this strategy instead.
They are smart in that aspect. Market is not good at all. Why to waste going to market with their token sales and reduce the value of their own tokens? Smart move by the COVA team.
You are right mate. Under these conditions, it is not the best move to enforce the ICO. I think this is a good decision from Cova.
People will get confidence if they dont push it for ICO and move ahead with private placements. Eventually such a nice projects will get attention in exchanges.
I think their decisions so far reflect their experience and I think them not going for the public is the right way to go in current market conditions. I think the next market will determine where the market is heading.
Yes, i was just stating such, its hard time other projects should follow suit on this process, any individual that gets the token from any exchange reflects a serious investor and no longer a case where individuals will wait for freebies and then dump the next second, so i see this as a productive means of generating the needed capital and also a good way of keeping the brand safe