...Greedy. Cunt's valued their product at $256 million USD before anything is developed, at ETH's current rate. AMAZING! What the fuck do you need over $200 million usd for to develop this project? Like seriously, you're telling me each token you're selling is worth more than $1 USD or $1 EU, fucking crazy nonsense.
These companies are valuing their ICO's based on the current performance of a BULL market, not actually what it takes them to develop. When they go through the ICO and determine how much each coin is worth, they look at the current climate and gauge... investors can make an easy X2 return on this coin, because that's all that matters is ROI, and if investors are not making at least X2 on ROI within the first week, then it was definitely a failed ICO.
So, basically, they think investors can pull x2 profit from their coin (they left investors with skin and bones), with a total evaluation of around 500 Million USD for this ICO. If you mention something about a hardcap, you always ALWAYS invest based on hardcap of the ICO's, or you really have 0 clue on what you're doing, ESPECIALLY for the private investments. (Read carefully before you comment on this).
I'd love for the devs to explain how they came to the conclusion for the ICO's price, that would truly make my day! But i'll tell you here and now, it was magically ripped out of that Chinese guy's ass and shit all over you poor sheeps.
Very much this!
Asking for those huge cash for a "somewhat ETH+RaiBlock" alike is too greedy. ICO's no sweet cake anymore.