Is 75% discount in presale of a project way too high? What do you think will happen to such project giving away too high discount for a presale? Will this cos huge dump or you've seen projects that survives after such massive discount
UPDATE
I meant 75% not $, that was a mistake and thanks for understanding
Indeed, at the time of pre-sale, the discount given was very high. Some of us think of the huge profits to be made, but some of us think of the next market after the distribution is done. What worries us is not the discount, but the remaining tokens that are not sold and entered on the exchange as a whole, then the market conditions will dump. I think the team should also be consistent with what they have explained in their whitepaper regarding the remaining unsold tokens.
The teams often argue that pre-sale discounts are justified because investors during that phase carry more risk. While in the real world that is true, in crypto it only means that the risk for investors during the other investment rounds is extremely high that they just get dumped on right after the coin is listed on an exchange.