It seems developers don't know what they are doing, many of them that put blames on bounty hunters for price dump , they must be high on drugs or something, this is just simple arithmetic
A devs create a coin with 100 million supply
He decide to do IEO with 50 million coins of the supply
He decide to do IEO at the price of 0.1$
But to attract investors he introduce a discount of 0.05$
He was lucky to see many investors investing in the project even when he chooses not so good exchange
And price surge over 3.5$
Please tell me, how will investors hold the coins when they see gains that can take them years of holding to achieve???
Developers you are the main problem affecting your coins and tokens, bounty hunters only share up to 1% of your max supply, have some respect
I am so glad that there are more of you that realize some of the scams associated with centralized tokens, tokens that are minted and given to the deployer, tokens that are ICOes and marketed in order to make the deployer rich quick. I noticed that was a plague on the Ethereum token landscape but I love the idea of ERC20 tokens. In 2017 I deployed the first pure mined ERC20 token, one that can be used as a competely neutral currency. By reading the smart contract, you can verify that it is incorruptable, and every single token requires and always required Proof of Work using the SHA3 algorithm with automatic difficulty adjustment. Since this ERC20 token works just like Bitcoin and was very inspired by Bitcoin, it is named 0xBTC or 0xBitcoin.
https://etherscan.io/address/0xb6ed7644c69416d67b522e20bc294a9a9b405b31#code