Ofcourse it is overpriced.
how do you say so ? why do you think they are promoting such bonuses . and those bonuses are huge . this should cut the entire cost of thier coins .
this is why i dont think they are over priced but thier pricing are cheap compare to other existing coins on the market .
not only that but thier coins can even become cheaper once they are already listed inside the online exchange because hunters and other investors are going to pre dump thier hodling .
Obviously it is a business plan so they could get more investors.
This is the reason why a lot of investors are losing their money into these projects.
I think you are the one that just invests in these projects since you've seen them have huge bonuses, having a cap of $1M and what they only had is a whitepaper and a plan. As far as I know, there are coins in the past that are already a coin before going to these ICOs, while most of the coins right now are just plans waiting to be laid out after investors pay, that is why it is overpriced.