Topic: [ANN] INDORSE - Decentralized Professional Network on Blockchain - page 17. (Read 54358 times)

..."https://medium.com/@romualdoarismendycampusano/is-indorse-io-project-legit-or-lets-go-find-out-dd60453c622a"...

..."https://twitter.com/BeBlockTech/status/928272698643382272"...

Like I promised . Let the community decide if I'm wrong...
"https://bitcointalksearch.org/topic/m.24231449..."

Get a life man, blaming the team for your own investment decision, if the price is dip down , blame the market, market dictate the price. And the team answered your rant before this. Learn to read.


And your accusation of money missing is clearly shown that you really don’t know The different between market cap and fund collected during ICO.
understand first how coinmarketcap calculate the market cap.

market cap = price x circulating supply.

The amount the team collect in ICO have nothing to do with the current market cap.

Get a life man, blaming the team for your own investment decision, if the price is dip down , blame the market, market dictate the price. And the team answered your rant before this. Learn to read.


And your accusation of money missing is clearly shown that you really don’t know The different between market cap and fund collected during ICO.
understand first how coinmarketcap calculate the market cap.

market cap = price x circulating supply.

The amount the team collect in ICO have nothing to do with the current market cap.

Hi BeBlockTech,

This is David Moskowitz, the CEO/Cofounder of Indorse.

Happy to answer your questions regarding the token sale.

Your theory of how the token sale was conducted is not correct.

To start with- the market cap number, we've been trying to get CoinMarket cap to update that number for a few weeks. They have just been slow to update. This is the price from the current circulating supply times the current value of each token.
Unfortunately, the price of the token has dropped drastically, dropping the market cap. It's not something we want to see happen. If you knew me, you'd know that I take such things very personally.

The reason that there are so many more tokens held in reserve is that we held 37.5% for a second issuance in about 18-24 months (explained in the whitepaper), and also the unsold tokens issued for the sale itself.  It also includes locked up tokens for the advisors, founders and employees.

I apologize if we haven't been clear on the roles of the developers, or updated the website enough with their titles etc. We were quite busy with hiring last month, and now the team has been busy working on the next version since the ICO ended and we move onto the MVP.

I'll also check on pushing updates to github.

If you have a question on the project, please let us know and I'll do my best to answer.

David


Edit- I'll put together a list of what tokens make up the current circulating supply and what is currently out of circulating and post it shortly.

Circulating Supply: 46,508,191.6650790000 IND Tokens
This is the summation of the IND sold in Seed Round, PreSale Round, Token Sale Round, Tokens kept aside for Marketing and Bounties.

The IND token contracts which relate to:

(A) Future Usage: 58,832,578.4191050000 ,
(B) Advisors and Team: 28,079,513.3884562000 ,
(C) Inflation tokens:  14,624,747.000000000000, and
(D) IND Unsold Tokens (from Token Sale Round): 22,577,013.373442100000
are NOT in the market as CIRCULATING IND TOKENS.

Total IND Tokens which are currently non-circulating=124,113,852.1810030000

David

That's not all mate, if you knew what I have found out about this project. I'm writing a post about it that will bring light to this whole situation.

I'm just tired of being scammed all over the place I guess , so now, I'm taking all of the ones who took my money down with me .
https://bitcointalk.org/index.php?topic=1565038.20

If people think I'm wrong once I show them the result of my research, I rather have them call me crazy. Better that, then the punishment I will be inflicting my soul for not doing the right thing when I had the opportunity to so.

INVESTORS, this guy is giving us good advice. I think we should listen to him. I seriously don't want to break the party but the things I've found about this project are way beyond of what I've mentioned before. "https://bitcointalk.org/index.php?topic=2047503.540"
There is some serious stuff going on over here. So if you choose to look over it, again, don't go complain that nobody told you so.

And @INDORSE, SHAME ON YOU! And this is something I am NOT, going to let go.

I will post a link to the post I am about to share with the community over here, @Reddit, @Steemit, and @Medium. I'm making contact with others big names who could eventually speak about it on YouTube also, so if you were planning to run, NOW, it's about the right time to start doing so...

Don't judge this project too early this is still very young so it would take some time to grow than you will see the real potential of this platform. This is very huge idea and in coming more people will join this community till than have patience.

so I sold my Indorse tokens after a while holding. I couldn't but wonder why is the price so low despite being a good project with a team that regularly updates on their progress. It came to my attention that it is probably their IND token valuation. See Vitalik's post here:

http://vitalik.ca/general/2017/10/17/moe.html


basically, IND tokens have no inherent value, despite being the token of choice to be used in their system. The post highlights how this model does not guarantee that the IND token price goes up with more usage of the Indore platform, on the contrary it might even go down. Meaning even if the company and their project becomes successful, that success doesn't necessarily reflect on the price of the IND token.

So the company formed their ICO in such a way to collect money from investors without offering any value to their tokens. They made it clear in their whitepaper that this is the case, yet many people hoped the contrary.

Good luck to the indorse team, and hard-luck to all the investors.

Where's your whitepaper? Do you create your tokens of the Ethereum platform?

Where's your whitepaper? Do you create your tokens of the Ethereum platform?

Are the coins supposed to show up in the app wallet or what?

Does Smb knows, whether this team has experience?