I will leave my post here from another thread in which I explain why the price of the token drops immediately after it enters the exchange. I hope that the developers of this project will understand their mistake and change their decision to not block tokens (for period of time after listing on exchange) for privileged, early investors:
For me the main reason is the luck of demands, the token is listed in not good exchange with low volume.
Pre-sale tokens are not locked and big investors who got huge discounts starts to sell at the very beginning.
I think that what you are referring to is the hybrid projects between ICOs and airdrops, they basically give investors privileges, but I think they are very dangerous, they can scam us.
It is not about any hybrid projects, but about the fact that investors who buy first have a huge discount. If the tokens they purchase are not blocked for a certain period, then when the token enters the exchange they can sell them with a very high profit.
Check this example: In 5 days, start selling tokens www.MyTVchain.com - IEO website:
www.mytvchain.ioOfficial price is $0.067 for 1 token, but first investors can buy this token for just $0.005, which is less than 10% of the official price. Their tokens are not blocked, so the first day after entering exchanege they can sell them with huge profits. Ofcourse it will be big dump! And it is huge mistake of developers!