I just checked an ANN thread. There was a post regarding the last round of the IEO. They were offering 25% discount to IEO participants. I wanted to post on that thread. But instead of posting on that thread, I decided to create a new topic as there are many same IEOs.
Offering bonus on the last round of an ICO/IEO is really funny.
The bonus is valuable only if there are some other participants that sell the tokens at higher prices. I cannot understand bonus on the last round of an IEO. Even if they give 1000% bonus to investors, it doesn't differ. The bonus on the last round must be zero. These kind of IEOs try to deceive participants. It might be true even if we call them scammers.
If a token price is 100 satoshis and they give all participants 25% discount. Investors shouldn't be happy that they have bought the tokens at 75 satoshis. Because the price is 75 satoshis not 100 satoshis.
We can say the price is 100 satoshis if there will be a next round and some people buy the tokens at 100 satoshis.
I try to understand the scenario you are painting but it kind of seems confusing and not clear enough to make a conclusion. All over the business world, companies give bonuses as a form of motivation for their clients to make more patronage but it does not necessarily means a form of deceit because its a win-win for the two parties involved based on their own analysis. It now depends on the buyer to do his own calculation to understand the marginal returns he would get should he embark on such endeavor.
You as an investor who have the opportunity to understand the dynamics and how the figures does not add up would be in a better position to make the investment decision compared to just an individual with basic mathematics would see it as something to take advantage of which is why the Black Friday sales is always massive day year in year out.