Quote from: jbrg on April 10, 2017, 05:16:58 PM

Quote from: asian386 on April 10, 2017, 04:27:11 PM

Becareful guys, this smells like a scam. Again: it's very to implement a lock up period for 6 or 12 months for example, so why not? Should it be even a possibility for the team to dump their coins in the first week of trading? No , I don't think so!

I understand your point but frankly I'm not sure if locking the funds for a few months is not a guarantee of anything. We've been following token sale all existing best practices. Our goal is to decentralize the cloud, not to innovate on crowdsale structure. You can learn more on the project reading our white paper: http://iex.ec/whitepaper

Here are some more infos about RLC token: https://medium.com/iex-ec/the-essence-of-the-rlc-token-90812b21d166

This has nothing to do with 'innovating crowdsale structure'. It's very very simple. The possibility that founders of a project could sell right after the ICO is just ridiculous. 6 months or 12 month lock up would secure investors of you guys dumping from start, so it does do a lot. These investors feel more comfortable to get into the ICO this way and the whole Ethereum community benefits with these kind of structures which many already implemented. Like said before, this is become the norm for serious projects. There really isn't an argument against it to not do it. It's simple and it benefits everybody, unless of course you want to cash out ASAP and are a scammer.

asian386

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