This is my first post ever on bitcointalk. I have always read this forum as guest, only reading the comments.
Nevertheless, I really want to comment the following. I want to warn would-be EOS (or similar ICOs) investors, into not loosing their Ether.
Finally someone is pointing this out. I can't believe how greedy the investors have become to actually invest into this madness. They are litteraly giving their ether to the EOS guys. If they want to give money away, the should consider a charity, or maybe a small donation to people like us
Anyway, I find unacceptable how greedy the developers have become.
Put it this way, make an ICO that last for one year, anyone can contribute from day 1, but the tokens are released daily, during the 1 year period.
Obviously, because the tokens are being released gradually, but the investors have already put their money on the tokens, they are going to be worth much during the first phase, which will only pump the coin by convening the false illusion of good ROI. The good ROI is only for the (very very very very) early investors, that had their tokens on the first days/weeks. By the end of the ICO, the tokens are going to be highly depreciated, and a lot of people would have lost a lot of money.
Please people, think on the ICO terms before investing. Some things to have in mind before investing into an ICO:
* How many coins will be issued?
* How will the coins be distributed?
* What is the roadmap?
* Technical pitfalls, copycats, improvements, etc.
* Most important, how much would the token's market valuation be by the end of the ICO?
It doesn't make sense to invest into an ICO that already started with a 400 million market cap, since just by a 10x increase, it would have reached 4 bln. This is huge! Since there are just a couple of coins that have achieved that.
I can't believe all the greed that is going on with these ICOs.
Anyway, although I'm sad for projects like this (they can bring bad reputation to the cryptoworld once they collapse), I'm happy because the projects in which I have invested are not being flooded, so my capital hasn't been diluted on irrational ICOs.
This is what I need. Thanks before for sharing with us. I like those point of lists.
I always research the ICO project with those points except the "copycats" point. Maybe I will try to do research again and try to make a comparison between several ICO. If I found the ICO is "copycat" its possible for me to uncheck from my lists.