What a massive scam. Many lessons will be learned with this one, I hope.
No pain, no gain.
Huge profit need huge risk.
First of all, the only people that stand to gain "huge profit" are the devs. I can't stop people from being idiots but remember this post when you lose your ass and the devs vanish with your money in a month. Why is there potential for "huge profits" here compared to any other piece of crap scam? Anybody who buys into this IPO is scary-stupid. Oh well. I tried. I've never been wrong about this before but I guess that doesn't count for much when it comes to greedy dipshits.
Maybe you are damned right. The devs will have the hugest profit. But there are a lot of "investors" who won't miss any IPO. They dreamed they can be millionaire in one night.
I got scammed 0.5btc by stackcoins, but I got more profit from other successful IPO.
But I also knew a guy who had been scammed for 19 times. Poor guy.
Anyway, you should judge the risk by yourself as that's your money.
Yeah but it indirectly hurts me as well because it lines the pockets of criminals, takes money out of legitimate cryptocurrencies, and damages altcoins. 99% of new coins are scams and cash grabs - empty promises, premines, lies, and vanishing devs. So by preventing idiots from supporting crime everybody wins. Only one altcoin IPO ever has paid off for investors (the original) and only one PoS-only coin has ever paid off at any given time (Blackcoin - 0% premine and the first in the new PoS-only class). Everyone keeps trying to chase the success of those two but the difference is the copycats are not only copies... but inferior in every way. Huge premines, bullshit "plans" and communities full of idiots.