Just recently we have has news about ICOs that have reached their token sale objectives and have been clumpsy protecting their token purchaser's investment. This is nothing new, but experience from other ICOs should be studied and become part of security and investment protection procedures.
Examples:
Titanium Bar Token:
Just yesterday, they were allegedly stolen 16 million BAR tokens (most belonging to reserves and employees I think). Theses were then largely dumped onto minor exchanges, resulting in a very low price per token. The company has reacted and is going to fork the token (already!) and make TBAR the valid token.
Thus, a security issue which should be avoided by security mesures beforehand has led to a token chaos on this ICO. And it's not as if there aren't enough previos ICOs that have has to address similar issues.
Datawallet:
This week we have seen the Datawallet token DTX go down around 50%. The apparent reason: It was released to buyers really early and it got to the minor exchanges in a rush with a lot of dump.
This again can be avoided with a better and swifter planning of good exchanges and holding token release for a while.
Both of these cases are related to ICOs that have just completed their sale, done well withe their caps, and therefore should not be knee deep into trouble on token price at this stage. Market will be what it will be later down the road, but early stages can and should protect investors better.
Examples:
Titanium Bar Token:
Just yesterday, they were allegedly stolen 16 million BAR tokens (most belonging to reserves and employees I think). Theses were then largely dumped onto minor exchanges, resulting in a very low price per token. The company has reacted and is going to fork the token (already!) and make TBAR the valid token.
Thus, a security issue which should be avoided by security mesures beforehand has led to a token chaos on this ICO. And it's not as if there aren't enough previos ICOs that have has to address similar issues.
Datawallet:
This week we have seen the Datawallet token DTX go down around 50%. The apparent reason: It was released to buyers really early and it got to the minor exchanges in a rush with a lot of dump.
This again can be avoided with a better and swifter planning of good exchanges and holding token release for a while.
Both of these cases are related to ICOs that have just completed their sale, done well withe their caps, and therefore should not be knee deep into trouble on token price at this stage. Market will be what it will be later down the road, but early stages can and should protect investors better.
Protecting investors/supporters should always be also on the mind of this startups on their ICOs.
