Topic: PILLAR project - moderated / deleted comments - page 2. (Read 1908 times)

Nobody expected the short term price to be 10x, myself included. It wouldn't make sense for that to happen simply because there's no product to justify any increases in price.
I'm sure that most of the people invested into the project understanding that it will take at least 3 to 6 months for any price action to happen based on the the work being done.
I guess it will became clear by the end of this year where the whole project is heading.

What concerns me are the red flags raised during and after the ICO.

Here's a quote from the last blog post on the Pillar website, to which I was trying to  respond...

https://pillarproject.io/2017/07/21/thank-you-2/


So to address some of their claims....

Some people might have lost their ETH by sending them to fake ICO addresses posted by scammers on social media, taking advantage of the fact their website was overwhelmed at the time the ICO opened.

As for claiming hackers were stealing people's tokens from their personal wallets (like MEW), that's quite laughable.

And the reason why the PLR is not listed on any major exchange, well that's because none of the exchanges would even consider listing a token backed by nothing.

And finally, straight from the horse's mouth . This is by their own admission showing the reality on the ground, after all the hype being pumped before the ICO.

Of course all the people who actively promoted their ICO and who then got free tokens, will only say good things about Pillar because they have no  real money on the project to begin with, so no loss.

If the price was 10x the ICO price you would all be saying everything is awesome. You are judging the project barely a week after the ICO on price. The project I personally invested in a week ago seems the same project today. Nothing changed. Maybe you are pissed you couldn't flip the token. I invested in a project seem to me like those complaining thought they invested in a get rich quick token flip. Is that holders problem you guys failed?

Pillars really aren’t trading yet, because we don’t have a large exchange yet. They are trading on a few sites where they are trading below ICO value. Why? Because more than a few people purchased tokens and lost them in the sale due to phishing and hacking. We don’t know how many tokens, but out of about 9,000 buyers, at least a few dozen lost their tokens within hours of purchasing them. Hackers are now selling them on the market at a huge profit for them. You can now buy them at EtherDelta.

Also, we paid several service providers who helped us with the sale in pillars. These people will also be selling.

Unfortunately, when someone offers a quantity of tokens for sale, you don’t know which tokens they are. But if they are selling at a discount, there are really only a few reasons, and the most likely one is that the sellers are making money, not losing. We can expect a lower price for our tokens for some weeks or months, until natural market forces take over. But we have patient buyers, so we’re not worried. I’d be more worried if our tokens were trading at 5x the ICO price.

Pillar made great promotion campaign, I participated in twitter campaign, I noticed that their followers number was increasing significantly during the campaign. Whether it is good project or not, the price after the ICO is not a standard, many successful ICOs had lower price after their crowdsale due to many reasons.

Finally, someone has come out and said what we are all thinking.  I am kicking myself for getting caught up in the hype and unfortunately trusting the likes of JSNIP4.  I have no doubt that the pillar tokens that were referred to as 'tokens that were issued during the marketing campaign of the ICO' were being sold by JSNIP4 himself.

The guy is a charlatan who marketed to unsuspecting people who thought he was credible.  That being said we can only blame ourselves for investing in Pillar and unfortunately must also carry the loss.

Alarm bells went off when the emails were circulated that they will not raise enough money and that we should encourage our friends to invest and invest more ourself.

Congratulations JSNIP4!  You got me.  I invested in a scam on your advice.  Fool on me for not doing my research and  shame on you for being a charlatan!

Hmm this is really interesting why is this deleted? I am not positive on this project though.

PLR tokens selling on EtherDelta (as I type this) for less than half of the ICO price.

Already a success (for the project founders of course)... I bet most of the people who bought into Pillar couldn't be happier. Their investment is down 50% at this moment.

But that's what happens when most of them simply buy into a project because of all the pumping and hyping by some well known (or unknown) pumpers like jsnip4 , mike b and others who got paid to sell the Pillar to the masses.

Moral of the story.. do your homework people... or get fleeced.

A whitepaper (of sorts), no PoC software of any kind, not even an alpha stage project, no partnerships, but lots of PR and hype is apparently worth some $26,000,000 USD.

And about the tokens being on the ED exchange within an hour of the ICO start, stop making things up about  tokens being stolen by hackers.

Some people saw the writing on the wall when you guys decided to change the game during the ICO by allowing unrestricted access to your sales page for the US.
And to top it off also extended the ICO period by a couple of hours. Greed has no limits apparently.

What finally made it clear for me was the video of the Pillar team first meeting. Are you people for real? What a joke.

There are at least 20 other projects coming up that have a clear path, working software and experienced developers on their teams.

Unfortunately the Pillar team is all hype (PR and marketing only works when you have something to sell). Well, you already unloaded the tokens, so I guess it's ok if the project eventually fails. You got your $$$ already, so there's no real incentives left.

PS. you expect people to volunteer (work for free), while you enjoy the $26,000,000 USD.