What I really like is: It is indeed a successful ICO and the team has some money now to make progress.
But, also: The price per 1 ANS = $0.1548. And that is very cheap.
Total supply: 100,000,000 ANS
Marketcap now is: $ 15,480,000
50% are locked for 12 months, which means:
Available supply for the next 12 months: 50,000,000
If we think about a realistic launch-scenario:
They have developers from Huobi, which means they have connections to Huobi. They have connections to the "Digital Assets Coalition Asia", which is in fact a coalition of all big chinese exchanges:
OKCoin
BTCC
HuoBi
BTCTRADE
YuanbaoHui
BITMAIN
I can't know if that will come true, but I think it's realistic to expect that ANS will be added by at least some of those exchanges. And that in combination with a listing on Poloniex and the very low marketcap of just $ 15 Mio - this has potential. And best is: It really has potential, it's not just a hype-project but a pearl in the crypto sand.
Why does it have this low market cap? Because it didn't get much attention from western-Investors. Many did not figure what this is. But they will. So congrats to everybody who bought into this. ;-)
ICO Rules Highlight -
20 million ANS will be issued; in addition, a 4 million ANS weighted reward (early bird reward), amounting 20% and 4% of the total ANS respectively, or 40% and 8% of the volume in circulation of the first year. - This ICO does not have a pre-set price. The price shall be determined by the market. The ANS distribution will be proportional to the investment. To calculate: ANS received by a participant= (BTC invested by the participant/all valid BTC investment)*20,000,000*weighted factor.
- A 120% factor is rewarded to those who participate between Aug. 8th and Aug. 13th. Beginning on Aug. 14th, the weighted factor will decrease by 1% each day until the termination of the ICO. For example, the factor will be 119% on Aug. 14th, 118% on Aug. 15th, 117% on Aug. 16th, and finally 100% on Sept. 2nd
- When the ICO terminates on Sept. 7th, 2016(Beijing Time), ICO participants could have the option of continuing or quitting based on the general conditions of the funds raised.
- When a refund takes place, 100% of the bitcoins invested by the participant shall be refunded to the bitcoin address designated by the participant in his/her refund application. The refund option will become unavailable upon the formal release of Antshares software, which is under development
- The refund policy does not support a partial refund and is not revocable once applied.