Question (see also:
https://www.reddit.com/r/Peerplays/comments/69ont1/crowdfunding/)
Today 9th May (4 days to go to the end of the Tier) we are only at 65.83% of the first tier.
If this ICO is honest, I think it is safe to assume that it will almost surely not reach the desired 5mil$.
So, what happens exactly if not all tiers are completed?
Possibility 1: Out of the 950.000 tokens distributed in this ICO, those that are not bought are burned.
Possibility 2: All 950.000 tokes are distributed anyway to those who participated to the ICO
(effectively reducing the price of 5$/token).
For example, if only the first tier is completed (5$/token for a total of 200.000 tokes), then all 950.000 tokes
are distributed to those who participated (proportionally), basically giving away the 950.000 tokes at about 1.25%.
I tried to have a look at
http://www.peerplays.com/docs/Peerplays_Bulletin-Feb_2017.pdfBut doesn't seem to consider the possibility of not reaching the goal of 5mil$.
Please answer.
I like the project, but this ICO is very poorly advertized and promoted on the web.
I'd like also to mention that:
1) the reddit page is almost dead.
2) the webchat "
https://peerplays.chat/" does not allow me to register ('wrong domain' error?)
3) this thread had very few questions and activity.
this seems a bit suspicious assuming that Peerplays aims at promoting a new gambling platform (and has already
accumulated significant money from previous pre-ICOs).
Please provide some explanations, I'm very interested and I'm still considering investing on this project.