With no doubt this will be one of the successful ICO's nowadays. The east asian market is enormous.
16% of supply - ICO #1 investors - 2100 BTC collected
24% of supply - ICO #2 investors - 5482 BTC collected so far
10% of supply - "early contributors"
50% of supply - premine to be used for "development"
Devs control 51%+ of the genesis block
Thankfully we can get our BTC refunded before this hits exchange and we get dumped on by the other 86% of the supply which was given out for dirt-cheap or free.
The fact that this is coming out of the east asian market does not overcome the basic economics of the terribly centralized distribution.
The 50% for future development/eco-system will be locked for the 1st year after mainnet launch.
At 5482BTC so far, Antshares will probably be listed on coinmarketcap.com at #28. I think it is WAY UNDERVALUED.
We are executing a yet disclosed ambitious plan, and our target is to be ranked at the TOP X at coinmarketcap.com in the coming year.
The fact that 50% of the supply will begin flooding onto the market 1 year after mainnet launch, will be priced in way before it actually happens.
Coinmarketcap.com usually lists the entire supply, so 100MM coins. If this launched right now, it would be at 22k BTC, way overvalued for a coin with 51%+ of the supply centralized.
I'm putting in a refund request for my BTC before this hits exchanges and the dump-off begins
So the EF can do whatever they want but not other projects? These are real people with reputation not some anon guys in a garage. Them being open doesn't guarantee any future success of course but so many BTC maximalists believe the decentralized utopia lies as if Bitcoin was decentralized...Satoshi could still dump all his millions. And we don't even know who he is...
The way I see it the "company" behind the project holding their shares/currencies is a great incentive to make them more valuable in the future. Did the EF dumped all of their ETH by now?
Is as Zuckerberg would sell all Facebook shares tomorrow and dump his company into oblivion. What's the point in that? We are entering a new level where companies are funding themselves with cryptocurrencies and we can be par of it, and anyone can invest, not only a couple wealthy investors or VCs.
But somehow many still don't like it.
Very well said. Thank you.
Though I do not 100% agree. the 50 million ANS are not like Zuckerberg's Facebook stocks. TAT is not entitled to, say, the dividends of these "stocks".
We have repeatedly said that this part goes to eco-system building, meaning various kinds of expenditure. For example, for bounty program we are now holding,
and the incoming dev initiative: ANS could serve as the economic incentive here.
But that's the end of 2017 and it's no faster than 15 million a year.
Please bear in mind that there will be financial reports periodically on the funds raised as well as the restricted ANS.
I know somehow our project is not that "fancy" on the paper, however, we are at the forefront of industrial adoption, and Antshares will be remembered as one of the building blocks in this great revolution of cryptocurrency and decentralization.
hmmm...how interesting I cannot tell you people what's the good news incoming, and why is that?
I was arranging funds to invest and hope to have some tomorrow
