Be very cautious of investing in this coin. The fact that only a few people own most of the coins is very concerning to me. And Im not trying to be a troll on here knocking someone else's coin but rather a voice of reason.
In my honest opinion, I would invest in a more healthy coin in the same class like DGB or NXT or FCT. They have had a very organic price rise which tells me there are a lot of people holding the coin. Basic Attention was bought up by huge whales in the begining and started at 300 million price.
And as we can see the price has been falling big time.
In my honest opinion, I would invest in a more healthy coin in the same class like DGB or NXT or FCT. They have had a very organic price rise which tells me there are a lot of people holding the coin. Basic Attention was bought up by huge whales in the begining and started at 300 million price.
And as we can see the price has been falling big time.
Not sketchy, just the distribution method wasn't a good way to go, giving those with the most buying power the most coins, they should've put a limit per user/depositor.
And when only few are controlling the supply they're isn't much to go for them trading wise (try imagining 7 ppl in the same room trying to trade poker chips between each other with them having most of the supply lol trying to make more profit, someone's gonna lose out)
Also 33% of the coins are owned by the devs...
