I don't invest in too many ICO's because even if they're good, if they trade quickly and don't have any major developments between ICO finishing and trading you can often pick them for less at the start of trading.
However in this case, there is cap of $3 million which I think will be easily reached thereby creating demand from those that missed out which should mean it will be very unlikely that you will be able to pick up shares any cheaper than now in this good project.
However in this case, there is cap of $3 million which I think will be easily reached thereby creating demand from those that missed out which should mean it will be very unlikely that you will be able to pick up shares any cheaper than now in this good project.
They have today announced they will continue accepting for another 24 hours. The current total now appears to be $4.5 million. http://ico.encryptotel.com
https://medium.com/@encryptotel/encryptotel-crowdsale-ends-with-the-collection-of-3-million-e17a6bf4444b
we will be leaving the crowdsale open for a final 24 hours, before closing it for good. We consider this the fairest way of ensuring investors all get a chance to commit funds, without unduly diluting our market cap.
we will be leaving the crowdsale open for a final 24 hours, before closing it for good. We consider this the fairest way of ensuring investors all get a chance to commit funds, without unduly diluting our market cap.
Imagine if the TKN crowdsale which reached their CAP in less than 30 minutes, said "oh by the way, we're actually going to leave the crowdsale open for a final 24 hours, before closing it for good. We consider this the fairest way of ensuring investors all get a chance to commit funds, without unduly diluting our market cap."
Obviously this is a serious breach of the ICO terms. I'm writing this here because Incent has come out in support of them...
This was not something the team could have foreseen. The decision to give a 24-hour grace period was good: with BTC and WAVES so volatile, just the rise in the markets would have triggered the end of the crowdsale, only to have the risk of the total dropping back to $2.7 million or so not long afterwards. No one could know that a massive whale would come in like that.
Frankly it's a difficult situation to negotiate. If the whale had come in at $2.99m, then that last $1m would have to have been accepted anyway.
So far the team has proven highly professional and competent. And this was an unintended consequence of doing the right thing. So it's worth being more constructive about any criticism.
Frankly it's a difficult situation to negotiate. If the whale had come in at $2.99m, then that last $1m would have to have been accepted anyway.
So far the team has proven highly professional and competent. And this was an unintended consequence of doing the right thing. So it's worth being more constructive about any criticism.
I'm an Incent shareholder too, not particularly big anymore, wondering what other Incent shareholders think about ICO's changing such critical terms significantly at the last minute & Incent coming out in support of that behaviour?
