[IEO] Hiway - Platform Explanation & IEO Announcement - page 5.

dzonikg28

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Bisq Market Day - March 20th 2023

Quote from: Kinkadeinspired on June 22, 2019, 11:26:57 PM

Quote from: gee777 on June 22, 2019, 05:36:19 PM

Quote from: dzonikg28 on June 22, 2019, 04:48:55 PM

Quote from: Kinkadeinspired on June 22, 2019, 03:33:34 PM

Quote from: olohifie on June 22, 2019, 09:02:59 AM

Quote from: nwosuchristabe2 on June 22, 2019, 07:36:10 AM

Is there any update as to the status of the tokensale. I remember some persons were saying that the team would be giving updates on the project every Friday. Have they received the information on the tokensale on DCoin and Exmarket?

For now there is no update yet. Expectations are high and I hope the team get to respond as early as possible although there still have the whole of today being Friday to give update. Let's be patient still

Correct me if I am wrong, but today is SATURDAY, the 22nd day of June, 2019. The due date was yesterday but of course, the update can come when it is ready, the most important thing is getting updated.

If it's only a delay for a couple of days it is still fine I think. Often hard to estimate when something will be finalized. These developments are complex and may need more time every now and then.

Any word yet on the due report. Saturday is over here and tomorrow is Sunday, if the team lets this report comes too late, it won't be nice.

LOL, I don't really think that this should be a problem now, that update is coming late shouldn't be a reason to raise alarms. There are much important things to be worried about but I believe an update will be given when it is ready. We just have to exercise patience.

You say that if an update is not delivered on time that is no problem at all? Is that how seriously you take things in general?

Kinkadeinspired

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Quote from: Sozialtourist on June 25, 2019, 06:32:53 PM

Quote from: gee777 on June 25, 2019, 03:44:49 PM

Quote from: Sozialtourist on June 25, 2019, 03:08:02 PM

Quote from: gee777 on June 25, 2019, 11:57:18 AM

Quote from: Corleone100 on June 25, 2019, 08:28:45 AM

Quote from: Getadaaa on June 25, 2019, 05:58:40 AM

Quote from: nwosuchristabe2 on June 25, 2019, 05:23:09 AM

Quote from: ganeshramk on June 24, 2019, 03:00:16 PM

Quote from: ning_aric on June 23, 2019, 04:12:22 PM

Someone asked about Hiway unsold tokens. I think they’ll be distributed in percentage to anyone who participated in the tokensales.

Is this true? I thought unsold tokens will be burnt as like other projects. What is the necessity to go for high liquidity?

The team hasn't given any update as regards how the excess tokens would be disbursed, but they would certainly not distribute it to the participants of the tokensale. At best it would be burnt to increase the value of the tokens.

Token burn has been the norm with tokens left after token sales. It’s preferable since it leaves less tokens in circulation and more value to available tokens

With tokens been burned it helps to prevent dumping and as you have said with this way it adds value to the available circulated tokens

I was surprised he mentioned that they plan on distributing percentages of the unsold tokens to participants of the token sale. That will create an avenue for dumping of the tokens at first listing.

Why do you think this will lead to people dumping? By distributing the unsold tokens to ICO investors, they just lower the average price per token they paid.

Most people invest in what they believe will bring in profit. Some long term and some short term. Only a few really believe in the project. So imagine we have more short term investors here and then they get free percentage of the unsold tokens. Immediately they list, they go on to sell that portion given to them for free and thereby causing the price to drop. After all they got it for free.

It will be more profitable to the team performing an airdrop or a marketing campaign.

They didn't get them for free. They paid for them in the ICO. For example: They buy tokens for $100 and get 100 tokens. In this case, the price in the ICO would have been $1 per token. If unsold tokens get distributed amongst investors they would then get maybe 200 tokens instead of 100, bringing the average price per token down to $0.5. So, in theory, the price on the exchange shouldn't drop below these 50ct (otherwise investors would sell with a loss).

I don't really understand the problem you see here. Huge bonuses are what causes the prices to dump and also Airdrop-tokens (which are completely free!) tend to get dumped by most of the participants asap.

Insightful! I was also of the opinion that distribution of unsold tokens will affect the value of the token until I stumbled on your explanation. Truly, investors will have that mentality that they didn't get it for free unlike airdrop participants.

olohifie

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Quote from: Mrcharles on June 25, 2019, 09:17:11 PM

Quote from: Kinkadeinspired on June 25, 2019, 05:04:07 PM

Quote from: Anilbg on June 25, 2019, 07:00:21 AM

Quote from: Getadaaa on June 25, 2019, 05:58:40 AM

Quote from: nwosuchristabe2 on June 25, 2019, 05:23:09 AM

Quote from: ganeshramk on June 24, 2019, 03:00:16 PM

Quote from: ning_aric on June 23, 2019, 04:12:22 PM

Someone asked about Hiway unsold tokens. I think they’ll be distributed in percentage to anyone who participated in the tokensales.

Is this true? I thought unsold tokens will be burnt as like other projects. What is the necessity to go for high liquidity?

The team hasn't given any update as regards how the excess tokens would be disbursed, but they would certainly not distribute it to the participants of the tokensale. At best it would be burnt to increase the value of the tokens.

Token burn has been the norm with tokens left after token sales. It’s preferable since it leaves less tokens in circulation and more value to available tokens

Right. All of the ICOs /project burn the unsold tokens. And that's the right way to do it. No point in giving additional tokens to the investors.

As much as I understand what you mean, it will interest you to know that token burn does not always increase the value of a token. Although it is supposed to, but I have seen projects which didn't increase in value after the burn, the best some even do is increase value in the days leading to the day of token burn.

Cryptocurrency is a volatile asset and as such you don't consider the short-term implications of a decision taken, rather you consider the long term implications. Burning of excess tokens has a long term implications because of the value in circulation would be reduced and there would be lower amounts of the project competing for whatever funds is available in the project.

Exactly! I wonder why it's difficult for zomebody to understand that. It's simple economics that apply here. The higher the supply (through bonuses) the lower the deman and then the price will fall and vice versa. Until otherwise proven, burning is the best approach

AngelJoshua

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Activity: 630

Merit: 10

Quote from: Sozialtourist on June 25, 2019, 03:08:02 PM

Quote from: gee777 on June 25, 2019, 11:57:18 AM

Quote from: Corleone100 on June 25, 2019, 08:28:45 AM

Quote from: Getadaaa on June 25, 2019, 05:58:40 AM

Quote from: nwosuchristabe2 on June 25, 2019, 05:23:09 AM

Quote from: ganeshramk on June 24, 2019, 03:00:16 PM

Quote from: ning_aric on June 23, 2019, 04:12:22 PM

Someone asked about Hiway unsold tokens. I think they’ll be distributed in percentage to anyone who participated in the tokensales.

Is this true? I thought unsold tokens will be burnt as like other projects. What is the necessity to go for high liquidity?

The team hasn't given any update as regards how the excess tokens would be disbursed, but they would certainly not distribute it to the participants of the tokensale. At best it would be burnt to increase the value of the tokens.

Token burn has been the norm with tokens left after token sales. It’s preferable since it leaves less tokens in circulation and more value to available tokens

With tokens been burned it helps to prevent dumping and as you have said with this way it adds value to the available circulated tokens

I was surprised he mentioned that they plan on distributing percentages of the unsold tokens to participants of the token sale. That will create an avenue for dumping of the tokens at first listing.

Why do you think this will lead to people dumping? By distributing the unsold tokens to ICO investors, they just lower the average price per token they paid.

Yeah we can consider it as a bonus but not all the investors are really thinking about the long run. Some of them are just like buying on the sales then waiting even a little profit before they dump their holdings.

Lizcrypto

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Activity: 98

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Quote from: nwosuchristabe2 on June 25, 2019, 02:20:35 PM

Quote from: Lizcrypto on June 25, 2019, 12:36:03 PM

Quote from: Corleone100 on June 25, 2019, 08:28:45 AM

Quote from: Getadaaa on June 25, 2019, 05:58:40 AM

Quote from: nwosuchristabe2 on June 25, 2019, 05:23:09 AM

Quote from: ganeshramk on June 24, 2019, 03:00:16 PM

Quote from: ning_aric on June 23, 2019, 04:12:22 PM

Someone asked about Hiway unsold tokens. I think they’ll be distributed in percentage to anyone who participated in the tokensales.

Is this true? I thought unsold tokens will be burnt as like other projects. What is the necessity to go for high liquidity?

The team hasn't given any update as regards how the excess tokens would be disbursed, but they would certainly not distribute it to the participants of the tokensale. At best it would be burnt to increase the value of the tokens.

Token burn has been the norm with tokens left after token sales. It’s preferable since it leaves less tokens in circulation and more value to available tokens

With tokens been burned it helps to prevent dumping and as you have said with this way it adds value to the available circulated tokens

but the team has said All the remaining,unsold tokens will be divided among people who have purchased them..so some extra % in the future but currently exact percentage they have not decided may b in coming days will get updates

I personally didn't see that update, please where was the update given, was it on telegram or this thread, because I can't remember seeing such anywhere. If the team sees that as a good option for the project, then that's cool.

well yes it was on telegram,where i have raised the question regarding unsold token despite of seeing people discussing about burning token I myself couldn’t find those answers anywhere so here is the link https://t.me/hiwaycommunity/19385

Zurcermozz

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Activity: 560

Merit: 16

Quote from: jumiapaul on June 25, 2019, 09:11:00 PM

We are still anticipating the teams decision to give the community an update as it relates to the recently concluded tokensales and to keep the community abreast with the issues surrounding the funding or funds raised during the event.

Surely the team is taking an update to their project huh. Guess they are doing something to make the project seems better. Also the token sale, we need a update on this one.

Anilbg

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Activity: 406

Merit: 2

Quote from: Mrcharles on June 25, 2019, 09:17:11 PM

Quote from: Kinkadeinspired on June 25, 2019, 05:04:07 PM

Quote from: Anilbg on June 25, 2019, 07:00:21 AM

Quote from: Getadaaa on June 25, 2019, 05:58:40 AM

Quote from: nwosuchristabe2 on June 25, 2019, 05:23:09 AM

Quote from: ganeshramk on June 24, 2019, 03:00:16 PM

Quote from: ning_aric on June 23, 2019, 04:12:22 PM

Someone asked about Hiway unsold tokens. I think they’ll be distributed in percentage to anyone who participated in the tokensales.

Is this true? I thought unsold tokens will be burnt as like other projects. What is the necessity to go for high liquidity?

The team hasn't given any update as regards how the excess tokens would be disbursed, but they would certainly not distribute it to the participants of the tokensale. At best it would be burnt to increase the value of the tokens.

Token burn has been the norm with tokens left after token sales. It’s preferable since it leaves less tokens in circulation and more value to available tokens

Right. All of the ICOs /project burn the unsold tokens. And that's the right way to do it. No point in giving additional tokens to the investors.

As much as I understand what you mean, it will interest you to know that token burn does not always increase the value of a token. Although it is supposed to, but I have seen projects which didn't increase in value after the burn, the best some even do is increase value in the days leading to the day of token burn.

Cryptocurrency is a volatile asset and as such you don't consider the short-term implications of a decision taken, rather you consider the long term implications. Burning of excess tokens has a long term implications because of the value in circulation would be reduced and there would be lower amounts of the project competing for whatever funds is available in the project.

I know burning tokens will not increase the value of tokens. But there is no use of giving away unsold token. This is like inviting dumping and crashing the value of tokens.

Mrcharles

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Activity: 336

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Quote from: Kinkadeinspired on June 25, 2019, 05:04:07 PM

Quote from: Anilbg on June 25, 2019, 07:00:21 AM

Quote from: Getadaaa on June 25, 2019, 05:58:40 AM

Quote from: nwosuchristabe2 on June 25, 2019, 05:23:09 AM

Quote from: ganeshramk on June 24, 2019, 03:00:16 PM

Quote from: ning_aric on June 23, 2019, 04:12:22 PM

Someone asked about Hiway unsold tokens. I think they’ll be distributed in percentage to anyone who participated in the tokensales.

Is this true? I thought unsold tokens will be burnt as like other projects. What is the necessity to go for high liquidity?

The team hasn't given any update as regards how the excess tokens would be disbursed, but they would certainly not distribute it to the participants of the tokensale. At best it would be burnt to increase the value of the tokens.

Token burn has been the norm with tokens left after token sales. It’s preferable since it leaves less tokens in circulation and more value to available tokens

Right. All of the ICOs /project burn the unsold tokens. And that's the right way to do it. No point in giving additional tokens to the investors.

As much as I understand what you mean, it will interest you to know that token burn does not always increase the value of a token. Although it is supposed to, but I have seen projects which didn't increase in value after the burn, the best some even do is increase value in the days leading to the day of token burn.

Cryptocurrency is a volatile asset and as such you don't consider the short-term implications of a decision taken, rather you consider the long term implications. Burning of excess tokens has a long term implications because of the value in circulation would be reduced and there would be lower amounts of the project competing for whatever funds is available in the project.

jumiapaul

copper member

Activity: 336

Merit: 3

We are still anticipating the teams decision to give the community an update as it relates to the recently concluded tokensales and to keep the community abreast with the issues surrounding the funding or funds raised during the event.

charlop24

copper member

Activity: 560

Merit: 2

Quote from: Sozialtourist on June 25, 2019, 03:08:02 PM

Why do you think this will lead to people dumping? By distributing the unsold tokens to ICO investors, they just lower the average price per token they paid.

Your view is understandable, but that has a multiplier effect on the number of tokens in circulation which would inversely affect the price of tokens, I guess you still remember the economic principle of demand and supply which states that the higher the supply, the lesser the price.

nwosuchristabe2

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Quote from: Pricebrianer on June 25, 2019, 04:30:59 PM

If for some reason, you needed an easy option to liquidate your WAY tokens, you can do that on IDEX. WAY tokens are ERC-20 tokens. You could sell using Hiway smart contract.

It wouldn't be beneficial to liquidate ones holdings on way tokens. The project is yet to commence and the value would be ridiculously low now. I'm certain the only way tokens on circulation would be from bounty hunting and other promotions which must have been done by the team before now.

Sozialtourist

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