Wetrust: investment min: 1000 BTC, max: 6000 BTC
Edgeless: min: 50000 ETH(555 BTC), max: 440000 ETH(4884 BTC) current ETH price=0.0111 btc on poloniex.
Edgeless has lower threshold, and not large max like Wetrust. Lower market cap projects will be more profitbale, so IMO Edgeless will be better.
Edgeless: min: 50000 ETH(555 BTC), max: 440000 ETH(4884 BTC) current ETH price=0.0111 btc on poloniex.
Edgeless has lower threshold, and not large max like Wetrust. Lower market cap projects will be more profitbale, so IMO Edgeless will be better.
If Edgeless drops that to 2500 BTC, they will win this competition easily and reach their maximum easily. If they leave it so high, they may end up like Ark.io and only get 1000 BTC or less (and possibly be underfunded leading to failure). But I don't know for sure because there are a lot of speculators who are not calm, cool, level-headed, and who are easily swayed to swing the bat at lower odds of success.
Too much money upfront can be an incentive to never finish the project.
Both have a maximum that is way too high:
And what happens when the escrow people have different judgement than some or many of the ICO investors?
Discord? "Oh well"? Suckers!
And what happens when the escrow bean counters are not visionaries and screw up the developers who want to remain fleet footed and flexible?
There is no governance that solves the problem of giving developers $5 million and then expecting them to meet some pie-in-the-sky promises. Much better don't give a lot of money for promises. The developers need $300,000 for 12 months with 3 developers, then okay. Or you've got industry savant s/w engineers so they need $500k for a year of development, then maybe okay. But $5 million?!?
I developed CoolPage (a million user product) in my Nipa Hut in the Philippines while eating rice and salt. Nobody gave me a damn penny. Then I released and earned up to $100,000 a month (inflation adjusted).
Work before pay. Money down only before panty down (because men lose interest after they cum).
Discord? "Oh well"? Suckers!
And what happens when the escrow bean counters are not visionaries and screw up the developers who want to remain fleet footed and flexible?
There is no governance that solves the problem of giving developers $5 million and then expecting them to meet some pie-in-the-sky promises. Much better don't give a lot of money for promises. The developers need $300,000 for 12 months with 3 developers, then okay. Or you've got industry savant s/w engineers so they need $500k for a year of development, then maybe okay. But $5 million?!?
I developed CoolPage (a million user product) in my Nipa Hut in the Philippines while eating rice and salt. Nobody gave me a damn penny. Then I released and earned up to $100,000 a month (inflation adjusted).
Work before pay. Money down only before panty down (because men lose interest after they cum).
Not sure about currently running ICO but next month there is few good one like WeTrust, TaaS etc coming up.
Taking part in ico is a risk.Sometimes you win and make 4x or 10x profit and sometimes you lose.
Taking part in ico is a risk.Sometimes you win and make 4x or 10x profit and sometimes you lose.
Bitcoin is blasting off, and you are going to be stuck holding an illiquid asset while you watch Bitcoin go up 2X.
Doesn't seem like a good time to be taking that risk, unless it is a "sure thing"TM.
If the maximum raised was limited to $1 or $2 million, I'd be more positive. But $6 million maximum looks like the devs just want to cash out and go play on a Yacht with your Bitcoin.
