Topic: [ANN] | PARAGON | Revolutionizing the Cannabis Industry | - page 22. (Read 110160 times)

That is not unusual. Most of the ICO tokens suffered a lot in the past weeks.
ppl are keeping dumping altcoins to purchase BTC, which might continue to be so for a while.

When they will hit to new exchanges??

The price of Paragon has really suffered extremely hard. All investors in the ICO have suffered heavy losses at the moment. I hope that will change again.

Of the 100 Million PRG available for pre-sale and crowd-sale - ~65 Million was allocated.

65 millions token in total

Great news ) So, how many circulating tokens they have right now? And how many in total?

I received this email today

" It’s been around 2 weeks since we successfully finalized our crowd-sale. Remember those tokens that were going to be burned? Well - they have been melted down and removed from circulation forever. We would like to thank everybody who participated and supported us throughout this project! We are looking forward to realizing the goals we have set for both you and Paragon.
 

What was burned and why?
 

We have burned around ~35 Million PRG Tokens!
 

That sounds like a lot - and it is - but this is an important part of how our model was planned to work. As stated in our white paper, all unsold tokens are burned - removing them from circulating forever. This decreases our PRG supply even further, resulting in less supply even when demand goes up. Remember that PRG will be the only form of payment for solutions such as our Paragon Spaces!
 

You can review the burn in more technical detail here:
https://etherscan.io/tx/0x2cb23ea46ec2486d14a151ed1a5947eff475f2e0f09e801659ab6acb7f3f678c
 

 
 

So where does that leave us?
 

Of the 100 Million PRG available for pre-sale and crowd-sale - ~65 Million was allocated. There are a few reasons that we did not sell more tokens than that. The most prominent one is due to large (and institutional) investors not having followed through with agreements and payments, resulting in a partial burn of PRG that was initially allocated to the presale.
 

So what did we raise during crowd-sale?
 

~ 533 BTC Escrow BTC -
1JuScKMcWKYf89FdWwb1TxaYBk8boSnNbn
~ 8092 ETH Escrow ETH -
0xa06cDcb65aA680559808D0b18323Bfd11cAbD956
 

The above does not include the amounts raised during our presale phase. The presale figures will remain private due to various NDA’s and agreements with participating parties.
   
 

 
 
   

Exciting events and votes!
 

Next week on the 7th of November, Paragon is hosting an event in San Francisco! Two of our partners will also be attending: ChronoBank and Velton-Zegelman Firm! Some great drinks, tasty snacks and most importantly, an awesome ambience will be present! Tickets and details will be available shortly in the Paragon store - so be sure to login and get a ticket before it's gone!
 

 
 
   

Also - don’t forget to vote on the location of our very first Paragon Space! All of you get to vote, and ultimately decide on where we open our first Paragon Space!"

Unfortunately.. Everything is NOT FINE! As soon as PRG was taken off ICO life support it TANKED! It lost 80% of it's ICO value of $2.50 to $.40, and that happened a week before the BTC/BCC takeover. Things are no better now because of the "March of BTC/BCC" in fact its worse. The PRG CEO has been INVISIBLE, and their response to the slaughter is Just "HODL and let them eat cake". So watching my $1,500 ICO investment go to >$200.... Naw everything is NOT OK. PRG IS NOTHING MORE THAN A F'ing DIARRHEA SHITCOIN!

Yep, that's probably the only issue here. All my alts went down so far and not just 1% or so ... Same problem Paragon will have at the moment. But better times will come again. Also the voting for the first center is currently running. So everything is fine.

I am not sure whats hard to understand about whats going on here...? Almost all alts are taking a beating... Bitcoin is hitting all time highs so people are dumping alts and putting money into BTC. Seems fairly simple.

It would be better if PARAGON team clarifies certain issues raised by the community.

WHAT A BUNCH OF SHITBAGGGGS! SO if you ask to many questions on how their SHITCOIN CRASHED ON F/B they block you! NOTICE how quiet they've been with their SHITCOIN loosing 80% of it's value in a week. Hopefully they bought a BIG SPLIFF and are puff-puff-passing with the GAME! SHITCOIN!

GreenMed ICO just ended. How will you compete against each other. What is your plan to be the greatest?
Don’t own Paragon but still looks like an interesting investment ATM.

Maybe it´s a pump and dump, but it can also be a recovering of the paragon project. Because a lot of people were afraid about the lack of communicating, but now there come a little bit trust back. We will see what happening.

And sad to admit that the sudden rise of around 60% seems only a fast pump/dump... will drop as fast... if i were you, i would take advantage of this pump, cut my losses right now.. and start looking for another coin less risky

Yes, smell not good.

It's a little worrying to have not news by developers or Versteeg on Facebook or on this topic.

I read the white paper, In fact I was an early participant in the ICO... And watched the shares PLUMMET from the ICO price of $2.50 a share to $.43 a share in less than a week> SO when did you p/u PRG at the ICO price or $.43? Their F/B page has no updates, the last post was on 10/26 right after the ICO price plunge. Jessica VerSteeg's (CEO) F/B last post was also 10/26.... They've taken the money from the ICO and SPLIT.... Leaving US with a SHITCOIN!

go and read the whitepaper befor scamming ..
it was the plan from the beginning that we are part of the community and be part of decisions

So now after your SHITCOIN plummets in value from the ICO, I'm supposed to PAY you to vote on where to open the first location? How about Colorado where it legal IDIOTS! and that didn't even cost me .03 of the SHITCOIN! GTFO! Pirates of the Caribbean!