ICOs should be allowed to set the minimum price of tokens at exchanges.

cryptogeek101

sr. member

Activity: 798

Merit: 250

homt.net

Quote from: ningo on July 22, 2018, 02:32:36 PM

I believe in market freedom but this has lead to so many projects having shit coins.I wish that the ICOs should be allowed to set the minimum price of the token at exchanges. So that anyone who sets the price lower than that price should not be allowed to trade the token.This will help to protect investors and prevent so many loses.This will also help to bring more investors.

Like you have said earlier allowing ICOs to set the minimum price of the token at the exchange does not go well with market freedom. What we know determine the market price is the forces of demand and supply which we should allow to control the market of cryptocurrency. So investors should study the market activity and performance of tokens before investing their money on them. Thanks

Crown1

member

Activity: 210

Merit: 10

So why does the token have to be higher than the issue price?
This is a very contradictory problem actually, if below issue price cannot trade, so if people do not accept this token, so this token lost circulation.

kujaroth

newbie

Activity: 69

Merit: 0

Having a set minimum price of coins will make the trading harder and make the investors invest on established cryptos. This is a good idea but in my opinion it would not be good impact on trading.

the13thsymphony

jr. member

Activity: 297

Merit: 1

Exchanges will never be able to set a minimum price at any ICOs that are getting listed as the investors are the ones who contributes to its prices. If an exchange does put in a minimum price to get listed in their platform then many ICOs will not get listed as some of them will not get in the minimum price.

CASTIEL05

member

Activity: 560

Merit: 13

Quote from: hatshepsut93 on July 22, 2018, 03:35:35 PM

ICO's are garbage because they don't really produce anything, there are no successful stories about ICO's from 1 or 2 years ago that have now turned into working projects. Your proposal won't solve anything, people will be trading tokens over the counter, because it's better than hold a bag of tokens with absolutely zero use. The only way to protect investors from ICO's is by educating them that ICO's are scams.

So, you believe that ICOs are just full of scam and fraudulent? I am also wondering what happens to the ICO after they complete their sales because in my country, I do not see any innovation comes from this ICOs. Maybe, we are just far from industrialisation and I think someday, I will experience also to use the platforms I read and participated.

Giving a minimum price of the token will help other investors to gain profits since a lot of dumpers in exchange.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: samcrypto on July 22, 2018, 07:40:07 PM

Quote from: hatshepsut93 on July 22, 2018, 03:35:35 PM

ICO's are garbage because they don't really produce anything, there are no successful stories about ICO's from 1 or 2 years ago that have now turned into working projects. Your proposal won't solve anything, people will be trading tokens over the counter, because it's better than hold a bag of tokens with absolutely zero use. The only way to protect investors from ICO's is by educating them that ICO's are scams.

Some ICO are scams not all, but educating people about ICO is a great way to help them realize how good this market is. If ICO is useless, how come some good coins are come from the ICO and doing well today? Well, we all have our own opinion about cryptomarket so go for it. The price may different from the ICO price but setting a minimum price is quiet not possible for now.

Price doesn't mean anything, during dotcom bubble thousands of companies were worth a lot of money, and then almost all of them were wiped out. This happened because they were vaporware, companies without product, only promises of one, and at some point the market started figuring that those companies will fail to deliver or the product will be poor. Same is happening with altcoins and tokens - they get millions with whitepaper only and noobs see it as success, but in a few years all these tokens will be worth nothing. Checkout what coins were in top 10 in 2013 and where they are now.

Quote from: Aveatrex on July 22, 2018, 04:55:41 PM

Sorry but I don't agree with what you've said.Not all ICOs are scams,we have a lot of examples of succesful ICOs that are used right now and have there place on the market;example:Populous (Profit was over 6000%),Spectrecoin (Profit over 50000%) and even ETH had an ICO back when ti was created.In conclusion to protect investors from ICO's is by education them how to pick an ICO where to invest and not by telling them that all ICO's are scams.

In the real world, no one uses Populos and Spectrecoin. ETH is on the road to more and more centralization, it will lose against Bitcoin in the long run.

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Quote from: hatshepsut93 on July 22, 2018, 03:35:35 PM

ICO's are garbage because they don't really produce anything, there are no successful stories about ICO's from 1 or 2 years ago that have now turned into working projects. Your proposal won't solve anything, people will be trading tokens over the counter, because it's better than hold a bag of tokens with absolutely zero use. The only way to protect investors from ICO's is by educating them that ICO's are scams.

Some ICO are scams not all, but educating people about ICO is a great way to help them realize how good this market is. If ICO is useless, how come some good coins are come from the ICO and doing well today? Well, we all have our own opinion about cryptomarket so go for it. The price may different from the ICO price but setting a minimum price is quiet not possible for now.

DenCho?

full member

Activity: 494

Merit: 120

In BTC we trust!

Dear TS i hope you understand how strange your post is) First of all because use Words like market freedom and allow/protect/set the price... They i incompatible)

And of course it is impossible, not only because we fortunately don't have SEC or smht like here to set rules and central Banks to set price, but because most of icos are really shitcoins and must not sell their coins for any price that is not far by the opinion of market)

sheenshane

legendary

Activity: 2366

Merit: 1206

Quote from: paul00 on July 22, 2018, 05:38:00 PM

This will not happen setting minimum price of each alt coin. But still they set a minimum amount to buy alt coin into exchange so other won't pump (higher or lower) it so easly because to pump some alt coin you need alot of balance for you to sustain the buy and sell.

Correct, if setting a minimum amount in exchange maybe it will cause the imbalance the buy and sell in the market which is token make expensive even it is a cheap price, that the reason there are some group having a pump and dump to their project. But not all ICO's project are scams there some profitable and that is our responsibility to have a research first before investing on ICO's project.

paul00

sr. member

Activity: 854

Merit: 257

This will not happen setting minimum price of each alt coin. But still they set a minimum amount to buy alt coin into exchange so other won't pump (higher or lower) it so easly because to pump some alt coin you need alot of balance for you to sustain the buy and sell.

charlzyeby

jr. member

Activity: 182

Merit: 4

That would enable too much manipulation of prices. Every holder of any token holds the same right to determine the price of the token. Buyers would always want to buy at a lower price so it depends on the holders to choose a deserving price for the tokes they hold.

rez303

member

Activity: 338

Merit: 10

StartFi

Quote from: hatshepsut93 on July 22, 2018, 03:35:35 PM

ICO's are garbage because they don't really produce anything, there are no successful stories about ICO's from 1 or 2 years ago that have now turned into working projects. Your proposal won't solve anything, people will be trading tokens over the counter, because it's better than hold a bag of tokens with absolutely zero use. The only way to protect investors from ICO's is by educating them that ICO's are scams.

You were wrong to say that the ICO project is rubbish. Currently, I am still investing ICO with 30% of its capital. Every month, the evening earns five times my assets with ICO projects that I have ever invested

Aveatrex

sr. member

Activity: 840

Merit: 375

Quote from: hatshepsut93 on July 22, 2018, 03:35:35 PM

ICO's are garbage because they don't really produce anything, there are no successful stories about ICO's from 1 or 2 years ago that have now turned into working projects. Your proposal won't solve anything, people will be trading tokens over the counter, because it's better than hold a bag of tokens with absolutely zero use. The only way to protect investors from ICO's is by educating them that ICO's are scams.

Sorry but I don't agree with what you've said.Not all ICOs are scams,we have a lot of examples of succesful ICOs that are used right now and have there place on the market;example:Populous (Profit was over 6000%),Spectrecoin (Profit over 50000%) and even ETH had an ICO back when ti was created.In conclusion to protect investors from ICO's is by education them how to pick an ICO where to invest and not by telling them that all ICO's are scams.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: ningo on July 22, 2018, 02:32:36 PM

I believe in market freedom but this has lead to so many projects having shit coins.I wish that the ICOs should be allowed to set the minimum price of the token at exchanges. So that anyone who sets the price lower than that price should not be allowed to trade the token.This will help to protect investors and prevent so many loses.This will also help to bring more investors.

What prevent loses is research and analysis before investing
For every buy there is a sell.

Someone is willing to sell at some price below ico because he thinks that's the real price.

And if you set a minimum price, who will buy it? Do you want to force people to buy a overpriced shitcoins so they can cover your losses?

PhoenixEmpire

newbie

Activity: 70

Merit: 0

I wonder if that will be ever possible considering if the buyers refuse to buy the token at the min set price, then the bid order would be empty.
As hatshepsut93 states that would result in otc trading which makes the minimum set price obsolete.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

ICO's are garbage because they don't really produce anything, there are no successful stories about ICO's from 1 or 2 years ago that have now turned into working projects. Your proposal won't solve anything, people will be trading tokens over the counter, because it's better than hold a bag of tokens with absolutely zero use. The only way to protect investors from ICO's is by educating them that ICO's are scams.

ningo

newbie

Activity: 126

Merit: 0

I believe in market freedom but this has lead to so many projects having shit coins.I wish that the ICOs should be allowed to set the minimum price of the token at exchanges. So that anyone who sets the price lower than that price should not be allowed to trade the token.This will help to protect investors and prevent so many loses.This will also help to bring more investors.

Topic: ICOs should be allowed to set the minimum price of tokens at exchanges. (Read 162 times)