Have you seen the prices at C-Cex? One guy bought at 0.0001598BTC per XRC. That's a 60 percent premium.
What about those who bought at 0.000093BTC, lower than the IPO price.
Do you think that's fair to your investors? If you don't protect your investors, who will?
Bottom line: Your investors were screwed.
The IPO price was actually lower than that during the first 3 weeks
Week 1-2 Incentive – 20% RhinoCoin XRC Bonus (1XRC = 0.00008333 btc)
Week 3 Incentive – 10% RhinoCoin XRC Bonus (1XRC = 0.00009091 btc)
Also if someone bought XRC on the exchange for more how are the IPO investors screwed ?
Hmmm. The tone of your response here differs from the one in your PM.
Anyway, you've neglected to address the first part of my post.
As for the second part, people who purchased XRC from the exchange at a premium were screwed because they could've acquired it cheaper from
your ICO.
Logically, coins at ICO stage should not be traded in the open market. Otherwise, what is the point in holding ICOs? Just so you can offload your own coins discreetly?
Meanwhile, your investors were screwed because
(i)They could've acquired XRC cheaper, even factoring your 1-3 week bonus (which they shouldn't, since those are bonuses).
(ii) The organic value of XRC were damaged by the premature launch. Barring a few instances (ISIS, Minerals and a couple of others), trading prices rarely go beyond the peak of the first couple of days.
Above all though, it is the principle of the matter. I shouldn't even have to explain this to you.
Not really interested to linger in this thread, but I felt a response was in order.
