I'm extremely put off by ICOs with such large bonuses (there are other things I hate like crazy premine and big bounties but this is the worst). I can maybe see the point of 10 to 20% to encourage people to come and invest early but when you give away 30 to 40% bonuses, it just encourages profit takers. Imagine if you buy 100 at 1000 satoshi, and you get 140 including bonus.
Then ICO opens at 800. You sell 140, you STILL make profit. What happens? Price goes even lower. Everyone else suffers.
Then ICO opens at 800. You sell 140, you STILL make profit. What happens? Price goes even lower. Everyone else suffers.
I think such a big bonus is a lot yeah. But it keeps happening with the new ICOs nowadays, especially with a lot of commercial investors now.
Crazy new world
They give those bonusses to make sure the hype grows leading up to the opening date. I don't agree with it either, allthough I do agree with large bonusses in pre ico sales
