How could you term this coin a fail, even before it launches?
Do you know how many years BTC took to get the attention, which it has got today?
IPO is just one form of distribution and if not many coins are sold, then it really strengthens the position of the people who
have already bought it, as there will be less number of coins in play.Look at what happend to the coin with 100% IPO distribution -DCM
The success of a coin really lies on the functionalities, buzz words it can deliver in the future and the marketing around them.
From what I can see, we have a talented team behind this coin and if they deliver, surely this coin with such low market cap will go places.
POW phase may or may not bring the price down, but if the promises are delivered, the future will bring only one thing - success.
Its clearly a fail for 1 simple easy to understand reason.
The team behind the coin was not even original enough to write their own OP announcement. They had to take it from another coin, they were even "buying" people to "be" on the team so they would have 6 members like DCM.
In the world of crypto if you cant write an ANN post then how in the world will you gain adoption. How will you market if you cant write a simple email? In every single post made by the team, its all one line sentences with no true substance. They have no clue what it means to elaborate on a thought because these guys are brain dead.
Brain dead devs wont take a coin anywhere but 6 feet under... you need to be original, well written, eloquent, fluent, articulate, expressive and this teams exhibits none of those traits.
Believe me or not, I don't care. But I've been around long enough to know what I'm talking abut.