so this is always the same shit shit and fuck whats happening nearly every ICO. A few days ago i wrote that it can´t be happen that KMD is going to exchange before all batches of KMD has been paid out because of fairness of trading. So far so good, i recieved my batch in time and the others should be able to deposit directly from the ICO site to exchange. Now yesterday the launch at cryptox was announced and what happened. The explorer got stuck so no more transfers were possible. I tried my transfer at 18:30 but after i got an error message and the waring in slack that other transfers got stuck i rejected. Now the price is down from 18000 sat to 13000sat without the possibility to trade.
This is not a claim against the project as itsself but that it isn´t possible to give EVERY investor the same fair chance to get the best out of its investment. I don´t wanna hear now people saying KMD is long term, you shouldn´t invest just to sell because its dumb rubbish. Everyone is free to do what he wants with his investment, because its his hard earned money (so in most cases
).
Again this could be a big project and maybe in a few month i would laugh about this prices but this is not the case. Fact is that you haven´t had the chance (expect a few lucky ones) to trade when you want it.
This is not a claim against the project as itsself but that it isn´t possible to give EVERY investor the same fair chance to get the best out of its investment. I don´t wanna hear now people saying KMD is long term, you shouldn´t invest just to sell because its dumb rubbish. Everyone is free to do what he wants with his investment, because its his hard earned money (so in most cases
).Again this could be a big project and maybe in a few month i would laugh about this prices but this is not the case. Fact is that you haven´t had the chance (expect a few lucky ones) to trade when you want it.
Trust me no-one understands this point of view more than me and I've made lots of complaints about unfair ICO head-starts. Such as in LSK and WAVES.
HOWEVER
I didn't experience any unfairness here. It was announced multiple times in multiple channels that you should enter your KMD address to get a batch payout before exchanges. Indeed multiple batches went out before exchanges for people who did this.
Despite being on Mac OS X and there not even being a workable client on launch offered (which is a real complaint btw) I didn't suffer too much. The client now works fine and I've been sending/receiving for the last 24 hours absolutely fine with limited technical knowledge and the occasional question on the Slack.
