Topic: Thoughts on Polymath ICO??? - page 3. (Read 2626 times)

They claim there is no ICO for this, only airdrop to 50000 people, 250 POLY each. Dont take my word on it though, this whole process seems pretty shadowy and mysterious to me for some reason.

People literally gave away their identities to sell it and earn like what $20, $30 maybe? That is very stupid. I got my tokens too but really have no insight into the whole thing yet. First saw the ad in etherscan, then joined the airdrop. I saw that the supply is 1 billion (or maybe 10, dont remember) and 75% is held in one wallet, millions in other wallets and only 250 for each kyc participants. A lot of these startups are suddenly appearing now and all these terms involving security and all are jackshit really and I wonder where this thing goes or what they plan to do.

where you can see the road map? what price was originally on the ICO? sorry for my english

Thats ways to cheap. Just HODL strong your POLY, wait for bigger exchanges and until POLY is well distributed and all dumpers would to regret  

It's selling on IDEX and the price already dropped like 65%

Is polymath listed on exchanges already?  

So I'm guessing right now is not a good time to buy since people are dumping their airdrop tokens? What was ICO price per token approx?

I think requesting KYC will be a must when you participate in ICO projects or airdrop programs and bounty projects later on. It is necessary to verify the identity of the investor in the project to make the project more transparent. I think the initial requirements will help the project grow more sustainably, which is something you should consider joining Polymath.

they demand kyc for airdrop, straight up id theft

STAY AWAY PEOPLE

I received my 250 tokens in my wallet today!

So, does anyone understand what their plans are for distributing the tokens they didn't airdrop? as in the other 99%?

I can't find any information about this, and they refuse to answer via email - yet, large players are already clearly hitting the markets with way more than the 250 coins per airdrop allows...

You are correct OP because something need to be done to fix the problem associate with ICOs cause this was also among the reason why the Visa card CEO suspend working or processing crypto related transaction because he believes crypto market are immature.

Possible scam project for me. There are too many FUD around Polymath and i will never buy a single polymath for sure.
There is no smoke without fire inside. So i will not buy for sure.

I do and already received my 250 POLY tokens. What's even better is that their platform is launching on the 31st

People have submitted their KYC for receiving their tokens, so I sincerely hope that they will understand the value of this token and hold it dearly.

That is good news for both of them.
I participated in SelfKey pre-ICO. It is a great project with solid team and product.
Unfortunately there won't be any ICO for Polymath, otherwise I will certainly invest.

I'm sure we will get more info on the 31st. projects like this one need time. I like that they're very active with announcements. Saw their partnership with Selfkey coming. 2 great projects. http://www.valuewalk.com/2018/01/polymath-selfkey-icos-blockchain/

This Canadian company promises to simplify the ICO process, and this sounds great. I am not a great fan of ICOs, but this one does not seem to me a scam. Here is some information about it:
https://www.youtube.com/watch?v=hGM2VGst6wk

I have no doubt that Polymath will succeed with their execution. They have the right partnerships and team to make it happen, plus they're the only ones doing this. Excited for the 31st

I really wish the crypto community would spend some more time performing due diligence and analyzing ICO's and token releases more critically.

Just as you would if someone asked you for your hard earned money to invest in their business - you should have the same level of scrutiny when putting cash into a new coin.

I spent some time listening to Trevor Koverko speak.  He was an early investor in Bitcoin, Ether, and SALT - like ICO stage early.  He's very well spoken and knowledgeable about macro trends in crypto.  No doubt, he's got big capital from his early investments.  Him and his team have built solid in-roads into the crypto community, as he's known many of the well publicized  players for quite some time now (Charlie Lee, Roger Ver, Brock Pierce, etc.).  I think there's a good formula for short term success, because there's high potential for the marketing effort to drive interest, but the long term plan is where things fizzle out.

When asked about US specific regulations (SEC), he has always dodged the question.  It is clear they haven't figured this out.  I'm not surprised - it's complex.  Look at AngelList, one of the most prolific structured syndicates.  They haven't figured out the best way to address investments into companies as a result of SEC regulations, a struggle they call the 99 Investor Problem.

I prefer to index towards CEO's and founders that are highly technical, like Vitalik.  The guys that can author the protocol in low-level code, from the ground up.  In the same sense, I am more careful with CEO's that are great salesman, like Brock Pierce, Roger Ver, Justin Sun and Trevor.  These guys associate with people like the guy that shows off his garage full of books and Lambo's (you guys know who I'm talking about).  I'd rather see them have intellectual conversations on Medium with Joseph Poon or Jimmy Song. 

It is clear too, that Korea, China and possibly Japan will join the list of countries that ban ICO's.  These are some of the largest crypto markets, when added with the US, that is basically 85% of all crypto volume.  If they can figure out a way around this, this can be a successful coin.