Hi everyone, was this project a totally airdrop or half an Ico?
We did not do any ICO, just an airdrop


Was there not even a pre-sale? Where did the $8m market cap materalize from then? Just from people buying up on exchanges?
As far as I can tell from CMC, the market cap started around $2.5m, surely there were some early investors, like the dev team themselves?
I'm just failing to understand how the initial value got established in the millions, rather than the thousands.
Not complaining what so ever! Best airdrop ever. Just trying to understand the economics behind it all

yes, no ico, no presale. Because Hydro team already get some big clients to invest before bring hydro to the world.
ABout the marketcap, hydro had been listed on mercatox and coinex a week before listing on CMC, causing the volume you mentioned.
If you have any other questions, come to this topic, maybe the answer for yours already been there :
https://www.reddit.com/r/ProjectHydro/comments/8ihxwp/we_are_the_hydro_team_ama/Hydro team are also working on another video! This time, we examine the token dynamics within the Hydro ecosystem. We should have that live by Monday.
anh we also will have more previews and new screens from the upcoming launch of the hydro app today. Stay tuned to Twitter!
P/S :
Hydro team NEVER asks for your private key or something related to your property. Due to the success of Hydro team and its community, there are lots of fake sites and scam tele group trying to steal money from people. Be careful .
To get the latest and official news from Hydro, please join the only tele group here :
https://t.me/projecthydroThanks for the link, will check it out. Makes sense about the delayed CMC listing, but when you say already got some big clients to invest before Hydro was listed on exchanges, you mean they found private investors to invest in the project right? I don't understand how that's not a sale. Agreed it's not a pre-sale, if there's no public sale to follow, but it's still selling tokens to investors right as a sale? As I said I'm not complaining, just trying to understand the economics of the projects current value.