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Re: [ANN] ETHERPARTY (FUEL) 🎉 SMART CONTRACTS MADE SIMPLE 🎉 ICO + BETA LIVE NOW!
by
paragon999
on 30/10/2017, 20:08:32 UTC
Quote
FUEL for EP team members are locked for 6 months after the ICO end, it's in the whitepaper so you got it wrong there.

I missed that in fact in the whitepaper. So that takes 50 Million FUEL out of the equation. But does this also apply to the 100 million "incentive" tokens?

Quote
Tokens are sold on Etherdelta by people who purchased in the sale, nothing anyone can do about that.
Traders are going to trade and people trying to get in cheaper will try to make some low sell orders to incite others to sell cheap so they can scoop them.

I hope for all investors that you're right about your thesis.

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Re: [ANN] ETHERPARTY (FUEL) 🎉 SMART CONTRACTS MADE SIMPLE 🎉 ICO + BETA LIVE NOW!
by
paragon999
on 30/10/2017, 19:06:23 UTC
Quote from: coinmenace on October 30, 2017, 06:41:55 PM
The ICO website states 800,000,000 FUEL has been distributed. If the Total Supply is 1 billion - why does this address, 0xf5b5f6c1e233671b220c2a19af10fd18785d0744, contain almost 40% of the supply?

They changed the amount of "distributed tokens" a few minutes ago from 452,138,405 million to 800 million. You can possibly argue, that the unsold ~348 million FUEL are now "distributed" to the platform, but in my personal opinion, that is a little far-fetched and not transparent and honest. 50 million FUEL were intended for the platform right from the start, so that explains exactly the amount of 397,861,595 FUEL in the address you mentioned.

Quote from: Somz1 on October 30, 2017, 06:44:21 PM
Guys if you know etherdelta you will know that there are always idiots who put up stupid buy orders (which obviously no one would fulfill)
FUEL was listed about a month ago itself and too many idiots put up stupid buy orders, like they do on most tokens.
That is why the price is showing up as it is,it will correct up when proper listings take place

Nobody cares about the "stupid orders", only about the the trades, that actually took place on etherdelta. In the last 24 hours there were trades with a volume of about 150.000$. The actual price is about 3.3 cent.
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Re: [ANN] ETHERPARTY (FUEL) 🎉 SMART CONTRACTS MADE SIMPLE 🎉 ICO + BETA LIVE NOW!
by
paragon999
on 30/10/2017, 18:30:18 UTC
Quote from: Billsonl on October 30, 2017, 04:45:19 PM
i brought in at the 1 ether = 3000 Fuel price.  Now I see at etherdelat that people are selling at 1 ether for 10,000 Fuel.  They are selling at 1/3 of the ICO price.  How is this possible?  Are people selling at a lost or am i missing something?

What you are missing is the fact, that 50 million FUEL were given to the etherparty team and additional 100 million to bug- and bounty-hunters, sponsors, etc. For free! These people can sell at any price and don't lose a dime. Apart from that, if all the 800 million FUEL had been sold during the ICO, then further demand would have caused prices to rise, but unfortunately the team remained seated at unsold 349 (!) million tokens ...