Quote from: graft-project on July 01, 2018, 02:54:23 PM

Quote from: Patrick Durbin on June 29, 2018, 03:15:58 PM

Quote from: dcoinminer13 on June 29, 2018, 02:29:21 PM

Quote from: dcoinminer13 on June 29, 2018, 02:17:41 PM

Quote from: graft-project on June 28, 2018, 10:36:54 PM

Quote from: dcoinminer13 on June 28, 2018, 03:04:24 PM

Quote from: ddthoa on June 27, 2018, 05:18:10 PM

Quote from: dcoinminer13 on June 27, 2018, 01:56:21 PM

Quote from: graft-project on June 26, 2018, 08:19:32 PM

https://www.graft.network/2018/06/26/ico-airdrop-clarification/

Now under normal circumstances I would say this was a risk to investors they chose to take.
However, ASICS hit at the same time Tradeogre NINJA LAUNCHED which means that the ICO price of around 30 cents fell to 3 cents Literally off just a handful of trades!

This made the 500 usd of 1500 graft worth about 1500x0.03cents= 45 dollars....

Good post .

To be quite honest, I think the ASIC explanation is a load of shit. The issue is the emission curve. Any explanation of the price discrepancy between ICO and market must consider emission curve, and I think the team know that.

Investing in an ICO presents risks, such as the coin being worth less than you paid. The airdrop is suspicious, and I suspect it is self-serving.

Edit: and it's not about the electricity or price of coins..of course some people will get coins cheaper than others. This issue is that the airdrop creates weird market incentives, it was some-what hidden for months, and its appears to be a poor business decision. Why not a coin burn? I understand the promise has been made, and the team is sticking to it..but it's so freaking stupid.

maxvan1

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