5085 BTC ÷ 0.24 = 21188 BTC market cap
ico appears to be over-bought already
I learned my lesson from Waves, which was over-bought with a 30000 BTC market cap
I will wait to buy this for less than ico price when it hits exchanges
it's better to partisipated in ico and get a bonus
if you are waiting when it hits exchanges, you do not get a bonus and maybe you're late to get a lot profit.
ICO #1 (already completed on weangel.com)
2100 BTC ÷ [16000000 ANS ÷ 100000000 ANS] = 13125 BTC market cap
ICO #2 (current ico):
5085 BTC ÷ [24000000 ANS ÷ 100000000 ANS] = 21188 BTC market cap
There's a risk of the ICO #1 people taking a 100%+ profit and dumping on the ICO #2 people when this hits exchanges.
Not to mention the 50% premine, which will start to be released onto the market 1 year after ico ends, at a maximum of 15% per year.
The risk of ICO #2 people (24% of supply) getting dumped on by ICO #1 people (16% of supply), then after 1 year getting dumped on by the 50% premine, is just too high for me on this one. Also there's 10% of supply held by "early contributers" who probably paid even less than the ICO #1 people.
It is very easy profit for phase 1 ico investors, they wait for half year and got 100% gain, honey money.
ICO is not even over yet, so they will have a 100%+ profit incentive to sell their 16% of supply when this is liquid on exchanges.
uncertainty about 16% of supply (ICO #1) + 10% of supply (early contributers) + 15% of supply after 1 year (released from 50% premine) really stacks the odds against ICO #2 people (24% of supply)
A redeeming quality is that the team is made up of very well respected people in china.