Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SocialxBot | Twitter Experiment | ICO ESCROW BY DEVDEV - LIVE
by
EtherCoin
on 02/09/2014, 13:45:56 UTC
Hi devs,

In my opinion you guys have a good idea, there is potential to the project and the market is there, BUT:

1. As people stated, the price is very high for the ICO and that requires a lot of trust, unless the escrow keeps the money for a long term and it keep being released by milestone achievement, also, have you at least passed the PoD?

2. In a previous post, somebody complained about the price and you shot up a comparison with another currency, in which you used only 1M for SocialxBot (the starting amount of coins released, not total) while comparing it with
the total of the other currency, that is misleading in my book and raises red flags.

3. To be honest with you, I was really excited when I started reading about the project because I thought that the holders/stakers of this coin would receive dividends from the different services ran within the bot/network/whatever a la James' superCOIN, mainly because of the price of the IPO. Just coins as.. coins its just... uninteresting, for me at least.

4.
Quote from: nanoprobe
The big problem is that asics will place most of the Pow coins into the hands of a few with the deepest pockets. Whether they will use them in your payment system is highly speculative at best. ICO is also a huge issue IMHO.

But I wish the best of luck to the project, if legit and properly done, will greatly promote crypto. If you open certain % of the total revenue for the holders, I would be personally interested.

Eth.