Topic: Polymath Locks 75 Million Tokens for 5 Years (Read 117 times)
i think its a pretty bold move but definitely a smart project we should be following
Nice PR coup, this is a bold move taking into account the market situation.
Security Token Platform Polymath Locks 75 Million Tokens for 5 Years
Security token platform Polymath's developers lock millions of dollars for five years.
Funds are locked for future use as founders claim they don't need the money right now despite bear market.
https://www.cryptoglobe.com/latest/2019/01/9-million-security-token-platform-polymath-locks-funds-for-5-years/
The simple opinion regarding it and why must they open it on the bearish market when they can lock it until there will e another big bullish trend and this can make them all being rich person instantly? That makes sense for me personally. Security Token Platform Polymath Locks 75 Million Tokens for 5 Years
Security token platform Polymath's developers lock millions of dollars for five years.
Funds are locked for future use as founders claim they don't need the money right now despite bear market.
https://www.cryptoglobe.com/latest/2019/01/9-million-security-token-platform-polymath-locks-funds-for-5-years/
5 years are way much time than I consider as safe period on any tech project.
The team really believe in the token and this will have a possessive short tem effect for sure. I opened a small long on Poly to test the water.
The team really believe in the token and this will have a possessive short tem effect for sure. I opened a small long on Poly to test the water.
It's a good move and many other crypto project leaders should do the same. Locking funds that can only be released at certain intervals will give assurances to investors that they will not dump and run.
I won't call this as " smart move " necessarily, it can be the dumbest one too.
YES no one can predict when the market will move again, may be year from now, 2., 3, 5... or even more, who the hell knows.
The funny part will be when the market moves pretty well when the tokens are " frozen ", what will they do then & what will be their " justification " for that, of course supposedly this " LOCK" " ins't final can be reversed whenever they want to UnLock it.
YES no one can predict when the market will move again, may be year from now, 2., 3, 5... or even more, who the hell knows.
The funny part will be when the market moves pretty well when the tokens are " frozen ", what will they do then & what will be their " justification " for that, of course supposedly this " LOCK" " ins't final can be reversed whenever they want to UnLock it.
Nice PR coup, this is a bold move taking into account the market situation.
Security Token Platform Polymath Locks 75 Million Tokens for 5 Years
Security token platform Polymath's developers lock millions of dollars for five years.
Funds are locked for future use as founders claim they don't need the money right now despite bear market.
https://www.cryptoglobe.com/latest/2019/01/9-million-security-token-platform-polymath-locks-funds-for-5-years/
Security Token Platform Polymath Locks 75 Million Tokens for 5 Years
Security token platform Polymath's developers lock millions of dollars for five years.
Funds are locked for future use as founders claim they don't need the money right now despite bear market.
https://www.cryptoglobe.com/latest/2019/01/9-million-security-token-platform-polymath-locks-funds-for-5-years/
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