I am not talking about the private sales and pre-sales. I am talking about the main sales.
Don't you think ICOs should allow people to invest any amount of money they want? It will cause the tokens to be distributed among more people.
Assume that 1000 people are participating in an ICO and each of them is investing only 1 dollar. Don't you think they are more helpful than a person who is investing 1000 dollar?
Better to consider a maximum amount instead of a minimum and do not let the whales manipulate the price.
I am agree that ICOs should not put minimum investment and let retail investor come to the project. Its more fair and more holder is good for long term. If whales hold most token, price manipulation could happen and i think its make the project like speculation for short term
This is quite true, they might probably not see it this way because of most developers selfish ambition, their goal is to quickly sell of their token irrespective of the number of investors, instead of placing a minimum order, what they should have worked with is maximum amount an investor can put into the systems at once, this will give opportunity to many other investors and at the same time disable the ability of one single entity to hold a very large portion of the coin that will result to dumping when he/she decided to sell the coin, if they limit it, there will be balance between holding and dumping.