Topic: PROXIMAX ICO (Read 421 times)

Official announcement topic: https://bitcointalksearch.org/topic/proximax-xpx-blockchain-storage-streaming-supercontracts-databases-3323593

It's hard for me to want to invest in anything new anymore given there's so many coins that make generic claims like the ones Proximax does. Plus the name.. not very catchy. I had a NEM stake and am grateful for the money I made but the environment has changed so much.. with 4 billion coins or 44% of the coins locked up for use in other areas, why should I invest in yet another money grab? If NEM's code was good it should stand on it's own and not require more funding.  All over the crypto space I see new coins, ICOs, lots of promises for a lot of the same features, but then the original coins are often forgotten and it seems like people just want to make a quick buck. I'm skeptical on this ICO as I am probably 99% of altcoins out there today. I'll give you credit for having names behind the development. All these coins make all these claims but almost none of them are actually being used for the features they have, except perhaps Ethereum and a few others.  I've turned very skeptical on this space in general and mostly invest to daytrade now. Blockchain is great tech but I don't believe most coins trading today will be around in 5-10 years... this whole space has become a big pyramid scheme.   Plus nothing that is open source has inherit value.. the value is in patenting the technology, keeping is closed source, and marketing it, and the few coins who claim to do this I'm convinced are scams (xtrabytes, unfortunately as I'm still invested in it). I admit I'm a bit out of the loop on new offerings though.

Oh and I can remove this deeponion signature... one bleeping week of not having a stupid post on their forums and being denied my onion was enough for me.

No, will be divided between all the investors

$112 M marketcap is quite high. Projects that ask these amounts are the greediest in this space which will reflect on smart investors avoiding it. Do the tokens get burned if they dont reach hardcap?

Thanks. I should say the appetite has not been that great for ICOs. Having said that, ICOs are beginning to be tough to launch in many jurisdictions. This project is among those exceptions in that we are offering a utility token. Another tough problem is that KYC is become even more stringent. This has dampened the landscape somewhat as well. So, it is a double whammy.

But we are confident that we should be able to raise a substantial amount as evident from our private sale. In any case, I am confident this is one project that will kick off. It also has an MVP as well. No vaporware here.  

The combination with the different layers, NEM and PeerStream is powerful.

Good luck with it. I'm dead curious to see what the appetite for ICOs is at the moment.

It is indeed a layer on the NEM blockchain.

Hardcap is the limit and we need to put a cap and hence the justification is to not go beyond.

The wording's a bit woolly.

Is this a layer on top of NEM or a completely separate chain?

I saw this in icodrops.. I just want to ask what is your justification for asking a very big amount of hardcapped?

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