Topic: ICO on Yobit Exchange (Read 205 times)

Why don't you just run an ICO legitimately? There are some good resources on how to host your token on Waves for example, which would mean you get actually distribute AND sell your token across the decentralized exchange (dex). You see, if you use Yobit, then okay you get it quick and easy maybe, but then you will only be able to trade your tokens on yobit... which means you're stuck there.

Thank you, guys!
Yes, i know about Ponzi schemes on Yobit, but i can run my ICO without it as i understand from their rules. I can make a good product and it is a good chance to get investments for my main ICO, i think.. I want to make here just pre-sale to get some money and prepare for Sale.
The main thing, that i can not understand is how much should i pay them to run ICO..
10% fee + some prepay + buy wall 25BTC(50%)?? or what?
Their English sucks, also they can not explain what do they mean in their rules..

I fully agree with you.
They are running at the same time exchange and ponzi, they launch new ICO from time to time and these ico's don't have future, they don't have product, they are all ponzi and everyone should avoid them.
While they collect fees people who are buying these coins eventually lose money.

OK. First of all, before you even think of doing this, I can tell you my experience from the past 3 ICOs I have experienced launching on Yobit. I did not buy any, and am very happy I stayed away.

Their ICO is just a spin on raising money for a sort of ponzi game. Except that they do not pay out latecomers with new money, they just let the market gamble on their own setting high prices and then letting people dump on each other. All of them play out like this: the ICO tokens sell out hard, then price goes up, and then people dump.

The buy walls and investbox plans are all there to keep the game going longer.

Rocket was their own ICO token launched last year. for 50 BTC, you pay them 5 BTC fee (10%).

Hello guys,
Could anyone explain me Yobit`s ICO rules?
I plan to make my own ICO (i have an mobile app in development and now working with blockchain integration for my services) in future and think to make a pre-sale on Yobit exchange.
But i can not understand their rules and prices, it is very hard for novice.
For example, if i need to get 50 BTC investment for my app, how much do i need to pay them?
What is the Rocket ICO?
What difference with the normal ICO?
Thank you for your help!

Their rules:
ICO rules (updated):
• The coin team must provide the wallet source code so we can compile and test it and receive the ICO premine transfer.

• RocketIco: (10% fee + 1 btc prepay)
-110%,109%,108%,107%,106%,105% price walls (each wall - 10% btc amount)
- 20% of btc from ICO will go to Coin InvestBox Plan - 2% / daily

• Normal ICO walls:
    - 0% buy wall (20% fee + 0.5 btc prepay)
    - 50% buy wall (10% fee + 0.25 btc prepay)
    - 100% buy wall (10% fee)
• 4 days ICO fund holding period
• If problems persist at the end of the4 days trial period, YoBit will refund the investors using the ICO proceeds and consider the ICO failed and cancelled.
• Explorer URL should be announced in4 days of holding period
* All unsold coins will be burned by Yobit
• after the successful completion the above requirements, at the end of the 4 days period, YoBit will unlock the ICO account which holds the ICO proceeds.