Post
Topic
Board Altcoin Discussion
Re: Bonuses are only to deceive people
by
jacafbiz
on 20/09/2019, 14:55:35 UTC
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.



You can say whatever you want to say about bonuses and don't get me wrong I am not in support of the abuse of bonuses but the main goal of these developers doing ICO/IEO is to raise money and they w ill do whatever they can do in their capacity to achieve, and the most common thing is to offer bonuses to attract investors, even if the price start dumping immediately after IEO