Topic: EtherDelta - Decentralized Token Exchange - page 18. (Read 40470 times)

The money they are trying to collect is too much and the team is not reliable. Nobody wants to trade on this exchange.
It would be foolish to deposit money

my question is, if they pulled in 1.1million usd profit in the past 90 days, why do they need to do an ICO to create a mobile app and bitcoin trades? To me, $300-$500k  would be enough

They just feel that they are losing their market share, because more and more decentralized exchanges come to the ERC20 tokens market. They want to get all the profit right now, because very soon they won't have any profits at all.

What the hell???

Out of nowhere they launch a crowdsale??
http://crowdsale.etherdelta.com/

I still don't understand what is the purpose of the EDT token!?!?

And what a bad timing! They were hacked and don't even release an announcement about it, and now they are asking for money???


I thought that 0x were way behind due to the success of EtherDelta, but now I'm getting even more anxious for them to release their exchange.

I hope 0x project make a good exchange and we get rid of this guys forever. I can't believe their ridiculous ico just after they got hacked. They have really no shame.

Do not ever join this ICO. It seems they're just trying to cover losses caused by the hack.......

No it is legit but it really doesn't give anything to investors.

I wrote some more about it. Don't put your money into this. I don't even give 0.0000001 eth with this conditions to etherdelta token.

sr, can i ask about crowsale etherdelta? anyone know that? may be ED was hacked? http://crowdsale.etherdelta.com/

The EtherDelta ICO has been announced. It has a lot of suspicious aspects.

Only 1-2 days' notice for the ICO kickoff. Who does that?

40% of tokens sold in private sale

Vague/unclear/specious value/use-case for the tokens:
#1 is that the company will re-purchase the tokens in the future. This, the most important feature listed first is that the company will re-purchase tokens using all 100% of site profits. Why would you buy an exchange if you didn't plan to take any profits for years? That is, unless you can take advantage of the userbase and sell MILLIONS in tokens and then bail or sell it off again.
#2 enables "participants" (not token holders) to join TGE tokens intiated by ED Lab 51 under the platform. "Holders of EDT will have investment priority and a preferential discount on projects that are run under the ED lab 51." WFT does that mean? No mention of what kind of projects or what Lab 51 is.
#3 EDT can be used as a payment for ED transaction fees. "The later phase would allow EDT holders to have special discount and offer if using ED." Again more vagaries. Are they saying they plan to switch the entire userbase over to a new smart contract that can and will optionally consumer EDT tokens instead of the .3% fees currently charged? Wow, incredible if true. They have no idea what an operational nightmare it will be to switch the entire userbase over to the new smart contract when they have no way other than Twitter to contact their users.

In addition:
1. There have been no tweets announcing newly listed tokens since the DNS attack other than the ICO announcement.
2. The chat room help reps have all disappeared.
3. If by "Use of Process" on the sale website (crowdsale.etherdelta.com) they mean "Use of Funds," 50% is to be used for marketing. First I would argue that there is little need for massive marketing for an established platform. It has grown incredibly well without any. To focus 50% of raised funds on marketing (~$63M total if it sells out) is a ridiculous use of funds).
4. Whitepaper repeatedly mentions "registered users." You can't "register on ED." Who are they trying to fool?
5. Anyone with the experience these new guys claims to have would not start an ICO with only 1 day of notice.

My guess: They bought ED for a few million and hope to capitalize on its userbase to make a quick $10-63M from an ICO by exploiting ED's name and reputation.