Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ARCH] Architectcoin ICO on*Bittrex*Wallet just Released! Chat/Exchange!
by
MinerMario
on 23/07/2014, 05:03:47 UTC
Distribution is still being discussed, finding out what's up with the refund for ICO investors now.

Maybe DEV need to adjust the price not 2800sats, but 280sats that would already be more interesting for people to join, that is still 13.5BTC!!!! And this is still a very big amount for a coin.

Once we hear back from bittrex on the status of our questions we'll relay them to everyone (regarding refunds, and premine). We will be giving the community managers coins to do with as they see fit. For us the project was unsuccessful therefor we are going to exit from this at a loss of both time and money, but hey that's the chance you take in anything.

What did you thought that people would give you 137BTC for nothing? Come on, we are speaking here about $100,000. If you would do a normal ICO of 5% or so, or even 20% but at a price that investors can make some money too. 20% = 10BTC or so, then your total coin is worth 50BTC and this is still a lot of money. When you check how many coins are trading below a marketcap of $30,000 then there are more trading below then above. And if you work hard enough for your coin then it can move up like VOOT or PC for example.

Can you tell me how long you can pay salaries for multiple jobs which was part of the point of this coin on 10 BTC? For some traders that may seem like a lot but really it's pennies for development and community workers. I shouldn't need to go further into this discussion the reasons for a larger ipo are quite obvious.

Community expect DEV to make some development himself and not to pay people for doing that. Coins like Darkcoin for example did it all by theirself. There has been so much scam that it is a little too easy to think that people are putting money in a coin just because someone say, he needs to pay a lot of people. Anyone your coin was based on greed and people that are too greedy will lose.

BTW: how much did you pay for this ICO?

That's the big question. How much is BitScam taking for these things?