If you buy into this you're just giving your money away to the whales and development team, and this has nothing to suggest it has any chance to moon, or anything like it. The sell walls will ensure it doesn't go above a couple of dollars at most, whales are happy to double their money. Development team happy to get free money and all the poor ICO investors are paying for it. Very good scam in all but name.
Their telegram group talk about being on coinbase and at $1000?! I know they've invested, but I mean come on - what planet are they on, and can I have a ticket there?
This is another shitcoin, or rather shittoken, as that's all it is. Development team know this but don't care, why should they. They've got free money even at the $2 price it roughly is at the moment.
It's another united bitcoin, same developer, same result incoming. That's now lost 99% of its value in six months and clearly bleeding out. $400 down to $3 now. And who do you think emptied their bags near the top? Have a look on the chain if you doubt my implciations.
Same old story here. Write off any investment you've made in this one.
If to argue as you then all the ICO earn on poor investors, and all the scam. This is really a necessary project and it doesn't promote itself and doesn't engage in artificial price increases, unlike many projects.
No, not true because most ICOs investors can get in at the same price as whales, especially during the early part of ICO. Here, by buying right at the end in volume, whales knew they could close out the auction in one go, guaranteeing themselves cheapest prices and leaving all other investors holding more expensive bags. That would not work in normal Ico structure and shows how stupid the reverse auction was. They claimed this was to stop whales, they ended up handing them the cheapest price if all.
And now they can sell even as the price slides. Now below $2,only they can make money at that price, nearly all other investors would be selling at a loss here, so they hodl and watch the price slide further. Absolute joke. Thank goodness I didn't go for this one.
One of the worst ICOs of the year, as others on this thread predicted also. Definitely the best one to lose money in.