i still cant figure out, why to sell below ico price
this is an excellent project, we can easily get x10-15
I don't think they are selling below ICO price in terms of fiat. Only in terms of ETH.
Wrong ICO price was 0.005 ETH, so basically 1 ETH = 200 STX
It is now trading at a VERY PATHETIC 0.00348 ETH, which is 0.7 ETH = 200 STX
Looks like we all got ponzi'd with STOX's presale bullshit.
You also have to wonder, if the company was legitimate, and the pre-sale investors actually saw value here, why would they dump so massively the moment they have the chance?
Starting to look like a ponzi ICO scam more and more each day.
The sale just ended the other day and now it is a Ponzi? You may be rushing a bit to judgment here..
OK fine fair enough, but we were never told what the pre-ICO buyers got as a deal, there are rumors at 30% off, which is significant but not unrealistic.
I'm also certain that STOX has no control whether these investors decide to hodl or not.
Volume is still pretty low, but price is far FAR below ICO levels. This obviously does not look good to any investor.
I'm going to do some simple math. We invested ETH for STOX, in similar ICO's, price did a good job at matching at least this ratio. EOS is the best example that I know, matching it almost exactly every day.
1 ETH for 200 STOX. ETH was at $220 when we all invested on that fateful day (kind of got cheated with the $200 average they set so it's quite safe to ignore that)
This means that each STOX needs to be selling for $1.10 to break even with the price of the ICO. It needs to be exactly $1.35 to match the price that ETH is currently trading at.
We are currently trading at $0.95 cents and traded as low as $0.85 cents. This is an INSTANT 20-30% haircut on the ICO price, and FAAAAAR below ETH's current pair price.
Either STOX is incredibly super cheap and a must buy right now, or there's some fishy shit going on in the background.
Not to mention how lazy and disappointing it is that a platform specializing in betting won't have anything in place to take bets for the Mayweather/McGregor fight which will be one of the biggest, if not the biggest ever. Especially considering that they paid one of the fighters to endorse their platform. They need to AT LEAST have a simple script or smart contract to take bets for this fight. If they don't get that done then they will lose the betting war with Wagerr, who WILL be taking bets.