Topic: GILGAMESH books ICO failure (Read 96 times)
A platform's failure is inevitable and as bounty hunters, we should know that from the start that not all ICOs becomes successful since there are lots of competitors from out of nowhere which offers more promising platform and stronger partnerships. Why do they have to continue the platform if they know from their selves that they do not have enough funds to support the project and its developers? That is still a smart move refunding the investors specially, the team members credibility is on the line. Learn from mistake buddy! Try to join a signature campaign manage by a well known bounty managers like yahoo62278 and Hhampuz. They sure is looking for a profitable signature campaigns.
Bad news
Gilgamesh ICO has failed to reach the soft cap. Gilgamesh is/was an extremely interesting project, a platform connecting book readers and authors. Unfortunatelly it has failed to reach the soft cap. As a consequence, the ICO has been voided and the team has declared they will pay back all the money to investors, void the bounty payments but nevertheless go on with the project.
This is something I don't understand. If they want to continue to develop the project, why wouldn't they distribute the tokens nevertheless? They may well pay back the ETH to investors, but send them the tokens anyway. Another failed ICO, Ankorus, has done exactly like that. Also bounty hunters should be paid. I guess that if they go on with their project, the platform will neeed tokens anyway. So why not distribute tokens to people who has been passionate about the project?
The Gilgamesh ANN and bounty threads have also been locked, so the discussion has been totally killed. Why would they do that?
Is all this a strange behavior like it appears to me or perhaps I am missing something?
This is something I don't understand. If they want to continue to develop the project, why wouldn't they distribute the tokens nevertheless? They may well pay back the ETH to investors, but send them the tokens anyway. Another failed ICO, Ankorus, has done exactly like that. Also bounty hunters should be paid. I guess that if they go on with their project, the platform will neeed tokens anyway. So why not distribute tokens to people who has been passionate about the project?
The Gilgamesh ANN and bounty threads have also been locked, so the discussion has been totally killed. Why would they do that?
Is all this a strange behavior like it appears to me or perhaps I am missing something?
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