I think it is a great idea.
Pre-ICO investors have more of the altcoin and can damage the altcoin if they want to jump ship because they have more of the token. Personally I would not invest into an ICO without a pre-ICO lock.
Topic: What are your thoughts on pre-ICO lockups? (Read 307 times)
It is a positive as it builds confidence in investors.
I think it could be a little harsh on the Pre-ICO investors if they didn't know about this before investing. It should have been in the terms and agreement, if ti was that's fine.
I think it could be a little harsh on the Pre-ICO investors if they didn't know about this before investing. It should have been in the terms and agreement, if ti was that's fine.
It is a very promising thing (and it seems everyone in this thread agrees) so well done Crowdholding. Keep going in the right direction!
About 80% of ICO's are scam and it's very dangerous to invest without rigorous research.
It's true that many people have made fortunes from it but also many have lost fortunes in ICO.
Invest wisely . It can be. But dont do it on speculation or be trying to make a quick profit.
You have to do your homework. Beleive in the new startup and justify in your own mind if it will be successful or not. good luck
It's true that many people have made fortunes from it but also many have lost fortunes in ICO.
Invest wisely . It can be. But dont do it on speculation or be trying to make a quick profit.
You have to do your homework. Beleive in the new startup and justify in your own mind if it will be successful or not. good luck
I agree with this statement and well done for saying it!
In regards to pre-locks, it is a good step for any ICO. You shouldn't invest just because they have that, but after having a look these guys look good and proactive.
Nice low hardcap, good white paper, strong team, good social media and content creation, token burning, working product since April, adding startups and tasks for co-creation and they have already agreed with an exchange once the ICO finishes.
If you are interested, I would invest pretty soon, as if ETH keeps rising they will smash their target very soon.
I like what the bee token is doing with theirs. Their presale sold out in 3 minutes lol. But I copied from their medium:
"Advisors and Team: 15% of the tokens will be locked up for our Advisors and our Team, and they are to be locked up on a 2 year vesting schedule, after a 6 month cliff the team will receive ¼ of their allocation, and then every month thereafter receive 1/24th of their allocation until the 2 years is up.
For bonuses: All bonuses will be locked for 1 month following ICO."
https://www.thebeetoken.com/
"Advisors and Team: 15% of the tokens will be locked up for our Advisors and our Team, and they are to be locked up on a 2 year vesting schedule, after a 6 month cliff the team will receive ¼ of their allocation, and then every month thereafter receive 1/24th of their allocation until the 2 years is up.
For bonuses: All bonuses will be locked for 1 month following ICO."
https://www.thebeetoken.com/
About 80% of ICO's are scam and it's very dangerous to invest without rigorous research.
It's true that many people have made fortunes from it but also many have lost fortunes in ICO.
Invest wisely . It can be. But dont do it on speculation or be trying to make a quick profit.
You have to do your homework. Beleive in the new startup and justify in your own mind if it will be successful or not. good luck
It's true that many people have made fortunes from it but also many have lost fortunes in ICO.
Invest wisely . It can be. But dont do it on speculation or be trying to make a quick profit.
You have to do your homework. Beleive in the new startup and justify in your own mind if it will be successful or not. good luck
It is needed and I welcome the idea.
All good ICO's should implement this stratgery as it supports ICO investors and protects them. Well done Crowdholding!
All good ICO's should implement this stratgery as it supports ICO investors and protects them. Well done Crowdholding!
I believe it is one of the best option to protect the altcoin from dumping as soon as it hits an exchange. Personally I wouldn't invest into an ICO that didn't have a Pre-ICO lock as my investment could be compromised.
I think it's a great thing that Crowdholding are implementing this, and by the look of it most people on this thread would agree with me.
I think it's a great thing that Crowdholding are implementing this, and by the look of it most people on this thread would agree with me.
Pre-ICO lock up is one of the best strategy that will prevent the value of token and that of investment of the investors. We have seen cases of New ICO flooding the market with their stash at the expense of the investor. The minimum that any Team of any ICO is to lockup their own stash in other to create the confidence the token need for it to grow!
Think it's a good thing.
It needs to be done to protect the alt coin. Depends how this was communicated or it was thrown on investors just now.
It needs to be done to protect the alt coin. Depends how this was communicated or it was thrown on investors just now.
I believe that they do not need to make such huge discounts, some start throwing coins that make up 3-4 times. Although, if the project is worthwhile, and it will have its own concept, then this will not happen.
Pre ico's are the most profitable thing that will always exist, there are ones who are offering a 50% discount if you purchase in there, for me, this is the most easiest way to make money without too much hassle.
I like Crowdholding and I think they are doing the right thing.
Where I think they screwed up was not making sure that this was part of the process. Maybe I am wrong and they did, but I can't see it anywhere.
Where I think they screwed up was not making sure that this was part of the process. Maybe I am wrong and they did, but I can't see it anywhere.
Needs to be done and I salut Crowdholding for doing it. I am sure it wasn't an easy choice to make.
It's all for the platform.
It's all for the platform.
It is a good thing. I think any decent ICO should be looking out for the token and this is a common procedure to do this.
Of course it doesn't stop a dump completely, but it allows the startup more time to show how valuable the token can be. In Crowdholding's view after reading their articles 3 months lock up period after hitting exchanges isn't too crazy at all.
I have noticed that they have put startups on their platform and they are aiming for 10 by the end of January. If they get 4 (which I don't think isn't that big an ask at all) you have more than doubled the startups in the lock up period, making it a stronger platform.
Of course it doesn't stop a dump completely, but it allows the startup more time to show how valuable the token can be. In Crowdholding's view after reading their articles 3 months lock up period after hitting exchanges isn't too crazy at all.
I have noticed that they have put startups on their platform and they are aiming for 10 by the end of January. If they get 4 (which I don't think isn't that big an ask at all) you have more than doubled the startups in the lock up period, making it a stronger platform.
a crypto index fund that will use the ICO funding to buy the underlying crypto assets. No broker fees, no exit fees, no minimum investment and full control over your assets. Full blockchain transparency.There are literally thousands of cryptocurrencies for investors to choose from. Choice paralyzes. Choice adds cost, complexity and the need for advice. CRYPTO20 eliminates this complexity for the new crypto investor.We take what works from the old-world financial system and remove what doesn't.
I think that's a standard procedure to at least secure the base value of their project, coins can be created anywhere anytime any platform but the perceived value is important, without pre-ICO lockup things might go nasty when everyone dump on a single FUD, you see XUC funded without any ICO could have their funds secured for months and that's not happening for coins having 70% circulating.
It is needed to protect the altcoin from dumping and therefore the project.
It is a little rough on the Pre-ICO investors if they were not informed about the situation, but it is a common procedure in most ICO's that want to see their coin / project become successful. I would be worried if they didn't have it as it would show they are only interested in the ICO money and then do not care about the investors.
It is a little rough on the Pre-ICO investors if they were not informed about the situation, but it is a common procedure in most ICO's that want to see their coin / project become successful. I would be worried if they didn't have it as it would show they are only interested in the ICO money and then do not care about the investors.
A good idea.
The only issue is I am guessing they didn't announce the lock up while the pre-ICO was going on and that will have caused issues. Of course maybe they didn't feel they would have an issue raising the funds and so didn't think about it.
I feel like Crowdholding is a transparent as ICO's come, but they still leave something desired.
The only issue is I am guessing they didn't announce the lock up while the pre-ICO was going on and that will have caused issues. Of course maybe they didn't feel they would have an issue raising the funds and so didn't think about it.
I feel like Crowdholding is a transparent as ICO's come, but they still leave something desired.
Needs to be done.
After looking at the situation at Crowdholding, because they are going to burn a lot of their tokens after the ICO, the Pre-Sale will have a very large % of the coins in circulation.
That means if they decide to dump them, it will affect the price dramatically. I think it's a good thing that the startup is aware of the situation and they are proactively trying to solve it. I am sure a lot of ICO's wouldn't care about the investors once they have reached their targets.
Kudos to Crowdholding!
After looking at the situation at Crowdholding, because they are going to burn a lot of their tokens after the ICO, the Pre-Sale will have a very large % of the coins in circulation.
That means if they decide to dump them, it will affect the price dramatically. I think it's a good thing that the startup is aware of the situation and they are proactively trying to solve it. I am sure a lot of ICO's wouldn't care about the investors once they have reached their targets.
Kudos to Crowdholding!
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