Topic: Are you in favor or against pools for private sales? - page 2. (Read 948 times)
I don't think private sales are exactly a good idea. It gives more avenue for scammers to carry out their operations. Even though it might have its own advantage, we should look at the other possibilities that comes with it and how it will negatively affect the crypto world.
It is ok in my opinion, If I had the money, I would probably be a part of them too, the discounts are great and rewards good.You also have less chances of scams
So many ICOs these days now run private sales. Although, investing into the private sale of projects might be a big opportunity, because much profit can be made through it, but care must be taken because there are lots of scam projects out there.
I am not against pools, but I am against private sales. Private sales are mostly for institutional investors and it makes it very difficult\ for an average investor to invest in a solid ICO project. Besides, because of discounts given to private sale investors, crowdsale investors suffer after an ICO.
I am not in support of any. If you want a bargain most especially this uncertain market period buying on exchange is the best thing anyone could do, when we are bullish in market ico investment will give good x return but for now it is best buying on exchange.
I am in for pools of investors combining powers to invest in private sales of an ICO. The minimum contribution of most ICOs are so much that an individual participants can't access the private sales.
I think I am favour for that because in the first operation of the business they need a working capital to support the services that they want to provide,
having this can raise a money that will used for their operations.
having this can raise a money that will used for their operations.
You asked a very interesting question. In my opinion, participation in the pool puts other participants at a disadvantage and creates threats to the implementation of the ICO because when the token lists on the exchange, the pool members who receive this token with a discount immediately sell it and drop its price down. Predicting this issue, many potential ICO participants either do not participate in it, or buy tokens "with a big discount" after its listing on the exchange.
We are not really given a choice anymore. Most good ico's are not even having a crowdsale and sell out at private sale so the only way in is via pools. pools have become a thing to combat whales taking over ico's.
In fact one of the few latest ICOs that are still in the positive side was closed to the public. Only pools such as the Crypto Whales Pool were able to participate.
We are not really given a choice anymore. Most good ico's are not even having a crowdsale and sell out at private sale so the only way in is via pools. pools have become a thing to combat whales taking over ico's.
I would definitely prefer a no pools ICO, but it's difficult now.
But even if they do have pools, they should have reasonable locks the tokens to avoid dumping.
But even if they do have pools, they should have reasonable locks the tokens to avoid dumping.
Most private sales have large bonus but also vesting period (lock-up) in order to create a better alignment of interests. People who trust the project should not have any problem with holding the coins a bit longer before selling them.
I would definitely prefer a no pools ICO, but it's difficult now.
But even if they do have pools, they should have reasonable locks the tokens to avoid dumping.
But even if they do have pools, they should have reasonable locks the tokens to avoid dumping.
Whenever I see an ICO that claims to have conducted a private sales, I don't bother investing in such ICOs anymore. Reason, being that when any developers already have private investors, it means that some whale investors might have taken a better share of the sale/tokens, now we the ordinary or small investors will have little tokens to share. I see it as being unfair.
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jvper
No I'm against, partly because it's easy to get scammed doing that and secondly the discounts are offered for individual people/companies who buy a lot, not for people to pool.
I actually hate private sales because most of the time there is a higher percentage of private sales.
And more and more private sales are only for institutional investors, so ordinary investors cannot participate.
And more and more private sales are only for institutional investors, so ordinary investors cannot participate.
Whenever I see an ICO that claims to have conducted a private sales, I don't bother investing in such ICOs anymore. Reason, being that when any developers already have private investors, it means that some whale investors might have taken a better share of the sale/tokens, now we the ordinary or small investors will have little tokens to share. I see it as being unfair.
I think pools in general are a good idea. It allows smaller investors to get better pricing by pulling all of their money together. The downside comes from the potential for scams and dumping after the ICO ends. When bonuses are super high, it lowers the effective price and people that buy later in the sale will get dumped on after the listing. I wouldn’t participate in one, but I’m glad people have the option.
Yes, I generally agree with most you said here. It is actually up to the ICO company to impose long vesting periods along with big bonuses.
I think pools in general are a good idea. It allows smaller investors to get better pricing by pulling all of their money together. The downside comes from the potential for scams and dumping after the ICO ends. When bonuses are super high, it lowers the effective price and people that buy later in the sale will get dumped on after the listing. I wouldn’t participate in one, but I’m glad people have the option.
The appearance of a private pool is still an arrangement for the team. In fact, I'm not opposed to doing this. If there is a really strong person to join, I think it is a priority. It doesn't matter much to me. I don't have much investment.
Private pools didn't exist in the past, but after ICOs became more and more popular, some people decided to join in order to be able to get access to the best deals.
Personally, I have never participated in a pool. Perhaps this has its benefits, as with large investments you get a big bonus. But I think that these schemes are bad for the project itself, because there should be as many participants as possible so that the project develops further.
More participants means more value to the project due to more decentralization. However the pools actually help that happen because they allow lots of people to join projects at higher bonus levels such as whales.
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