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Quote from: HydroShane on May 11, 2018, 06:00:49 PM

Quote from: testadimerlo on May 11, 2018, 05:27:51 PM

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 Wink

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/projecthydro

Thanks 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.

To clarify, Hydrogen is a company and platform that has other components outside of Hydro/blockchain tech. You can find more details on our site: https://www.hydrogenplatform.com. The company itself has existing clients and investors, but HYDRO tokens were released via airdrop and were not sold by Hydrogen in any capacity.

Okay, here is the how the marketcap is calculated in coinmarketcap.

Marketcap = Circulating supply x Current price of the coin.

It doesn't matter if the coins are bought by any private investors.

But in the medium page which was published by hydrogen few days ago on the coin distribution, it clearly mentioned that the current circulating supply is all the ones which was given free in the airdrop.

As of today's date, the circulating supply = 2,632,970,742 as per coinmarketcap
As per Hydrogen team, the coins given to the developers in airdrop is also 2,632,970,742 https://medium.com/hydrogen-api/understanding-the-hydro-token-distribution-f639a4a6a64a

Riddle resolved.

If anything Hydro team can throw some lights on is up to them.

Nicksar

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