I really like the fact that we get the same amount of tokens even if there is a rise or fall of the price of ETH in the market. So glad the price is fixed
Sure as an investor, you would definitely like that which favors you, just like the drop in eth price is not having any form of effect on token is to your favor, you are expected to like it. But this doesn't really favor the team I guess. It
Hmmmm i haven't given this much thought myself, i sincerely do hope it doesn't really affect the project progress but come to think of it, doesn't it end up balances it self somehow when the price of eth eventually shoots up
That is not a good thing for developers given they need to cash out at some point. So the drop is not in their favor but of course favours investors. It is always tricky given the crypto is highly volatile. so you have to factor all that.
I somehow feel if the target product is to be achieved then there is a need for extension, the market is really causing some setbacks in plans... I can do much myself this days given this trends so sad
This is the risk with ETH locked based ICO's, but would be the same if it were locked in USD. It is about whether the ICO will actually be able to fund their project with the investment they gather, which is mostly ETH. The crypto market behavior is capable of affecting the funding in such a way that postponing dates would makes strategic sense
As said before, if it make sense for the project and development of our investment, to extend the ICO or/and postpone the listing to an exchange, then they should do that.
While I also find sense like you for a postponement what about to the bulk of investors who may be on the other side of the divide and may not find reason for a postponement even though its so obvious, 47Bk should come out with say incentives for already investors and potential ones too to reach both the target and satisfy everyone involved in the project
Personally, I am more against an extension of the ICO. I think it does not make a good impression, if you extend the ICO because of too low income.
They have already taken a lot of ETH and they will not have to change everything at once in Fiat. Most of them, like all of us, can wait until prices rise again
You are right faulerwilli. but what I am thinking is when FSBT started ETH price was above $1000 and its now below $450. So Even though FSBT softcap is crossed they still have less than half money in hand.
