Is that really true or just a myth? I have a friend running an ICO and he told me that he bought almost %75 of his own coins, he said every time that
He bought some of his tokens after a few minutes some outsider investor bought some as well, he called it the art of deception. he told me that he's
Sharing the raised funds with 3 other partners and he said that they practically got paid for 5 years of hard work while we only will work 2 days a week
And only 4 hours a day. he said that their ICO was never about scamming people and they will deliver their promises after a few years.
this has been a reality since the inception of ICOs in crypto space. most obvious examples are sonm and bancor, both 100k ether and never ever pumped lol.
but I think monetha ico was genuine as there were really good interest and cap was lower.