thanks for this info. that's why ICP token price is so much high. but right now its falling because of the whole market is falling apart and even eth and bitcoin is in blood bath.
i am very positive about ICP token and its developments and hope that in future it will be a success but there are huge competitors.
ICP overpriced its initial offering. A few weeks ago, the market cap was as high as $75 billion, before the prices crashed in a matter of hours. This may be a good project, but I don't understand going for such a high valuation. The Ethereum ICO had an initial soft-cap of just $18 million. And these guys are going for almost 4,000 times of that amount. And for ICP, I don't think that the prices have bottomed out yet. The cryptocurrency market as a whole is looking bearish and for overpriced coins such as ICP, the future outlook is quite bleak.
i agree with you that ICP over price its coin from the start but there also one thing that if the investor buy intial overprice and not willing to sell then how the price fall? because selling of those coin who get them for free or low price.... of course company is selling for more money. and if this project team is responsible and wants the project successful then its okay the ICP high price.