peerplays | Bitcointalksearch.org

mr-whitekey

newbie

Activity: 14

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2nd round of funding can't really be called ICO I guess. what did synereo call their second funding round when they decided to offer 50k AMPs at the price that 5 AMPs just happened to sell for on Bittrex (possibly same buyer and seller) when STEEM was "coincidently" at it's ATH?

We need to come up with a new name for these 2nd funding rounds, preferably a 3 letter acronym.

SPO (second public offering)

SCO (second coin offering)

Yeah I agree, I think it makes it confusing, but technically this is still the ICO. They launch the platform on May 30th and are still seeking funding for it's development. It makes sense to ask for the initial funding in several rounds, as the project matures. A true second offering would be adding more coins than originally planned after a project was already running. Peerplays is offering the same ratio of coins before the project launchs on May 30th.

BityBityBit

newbie

Activity: 4

Merit: 0

Quote from: texasvsjohnson on March 14, 2017, 04:47:21 PM

https://steemit.com/check/@texasvsjohnson/peerplays-imo-is-ripping-of-the-2nd-crowdfund

The president of peerplays confirmed this was true in the link above they believe there new ico is worth 50 million market cap. That the 2nd crowd is not getting 10x coins but everyone else is. So your paying 10x more then everyone else. Your paying more then what the market price was before it went down. I believe it was around 40 a coin. So if they 10x everyone else but not the new crowd fund investors they don't get 10x and are actuallying 10x the 5.00 so 50 dollars a share... They think its fair but I sure don't. But it does sound like a great idea what they are doing. I just find it shady instead of charging 50( which probably nobody would pay they give 10x coins to the past investors) So invest at your own risk doesn't mean it wont be great project and doesn't mean it wont take off when it releases. Its just my personal opinion its over priced.

There will be a total of about 6 million coins. They are being sold by Peerplays for $5 each. So the market cap, assuming they all sell in the pre-whatever, is about $30 million. So investing now is buying into a $30 M market cap. Whatever happened before is not relevant to the decision process. The only relevant question is do you think PeerPlays will be worth more than $30M in some time horizon?

ashapasa

sr. member

Activity: 420

Merit: 250

Quote from: ?? on ??

2nd round of funding can't really be called ICO I guess. what did synereo call their second funding round when they decided to offer 50k AMPs at the price that 5 AMPs just happened to sell for on Bittrex (possibly same buyer and seller) when STEEM was "coincidently" at it's ATH?

We need to come up with a new name for these 2nd funding rounds, preferably a 3 letter acronym.

SPO (second public offering)

SCO (second coin offering)

Coin dilution 😊

mr-whitekey

newbie

Activity: 14

Merit: 0

Quote from: texasvsjohnson on March 14, 2017, 04:47:21 PM

https://steemit.com/check/@texasvsjohnson/peerplays-imo-is-ripping-of-the-2nd-crowdfund

The president of peerplays confirmed this was true in the link above they believe there new ico is worth 50 million market cap. That the 2nd crowd is not getting 10x coins but everyone else is. So your paying 10x more then everyone else. Your paying more then what the market price was before it went down. I believe it was around 40 a coin. So if they 10x everyone else but not the new crowd fund investors they don't get 10x and are actuallying 10x the 5.00 so 50 dollars a share... They think its fair but I sure don't. But it does sound like a great idea what they are doing. I just find it shady instead of charging 50( which probably nobody would pay they give 10x coins to the past investors) So invest at your own risk doesn't mean it wont be great project and doesn't mean it wont take off when it releases. Its just my personal opinion its over priced.

What they have done is no more than a "stock split". It is very standard practice in the stock market and does not amount to inflation or favoritism of any kind. It is purely mathematical and psychological. They are not favoring the early investors, the market favored them when it decided to pay $40 for their tokens. Having one token of $40 or ten tokens of $4 makes no material difference, other than your perception. They are pricing the token higher than the ending market price, but they have also announced more info that change the viability of the project. Like getting a $4 Million injection of funds to continue employing 20 some odd developers. Where is the issue?

kolap

sr. member

Activity: 301

Merit: 250

In Crypto We Trust

peerplays pump it is

texasvsjohnson

newbie

Activity: 27

Merit: 0

https://steemit.com/check/@texasvsjohnson/peerplays-imo-is-ripping-of-the-2nd-crowdfund

The president of peerplays confirmed this was true in the link above they believe there new ico is worth 50 million market cap. That the 2nd crowd is not getting 10x coins but everyone else is. So your paying 10x more then everyone else. Your paying more then what the market price was before it went down. I believe it was around 40 a coin. So if they 10x everyone else but not the new crowd fund investors they don't get 10x and are actuallying 10x the 5.00 so 50 dollars a share... They think its fair but I sure don't. But it does sound like a great idea what they are doing. I just find it shady instead of charging 50( which probably nobody would pay they give 10x coins to the past investors) So invest at your own risk doesn't mean it wont be great project and doesn't mean it wont take off when it releases. Its just my personal opinion its over priced.

klarki

legendary

Activity: 3262

Merit: 3675

Top Crypto Casino

Where did you get such information?

BT_Newest

newbie

Activity: 14

Merit: 0

Is this coin really worth 4MM in ICO?

Topic: peerplays (Read 833 times)