Been away for awhile, looking at my dashboard now. I see SALT tokens are being sold for $22.5. I thought the final price was going to be $10. I know there is not much trading yet on gatecoin, but last marks there are around $25. Heard rumor about "$15 tier" but haven't seen anything from Salt team. I thought the team was going to target a $10 token by issuing/burning coins. How can a token that costs $25 and purchases the same discounted lending rate as the supposed $10 price have the same economic value? I understand why they might trade at any price on the secondary market, but why is the token sale being continued at a price so much higher than the stated target? Have the terms of the discount changed. I haven't scoured every forum yet, but any answers/suggestions would be appreciated...
Because greed. First they announced that retail price will be 10$. Now it's being sold at 25$ a piece, someone is paying, why they will miss the chance of cash grab. Then heard that they will distribute tokens manually in 48 hrs window, then heard that tokens are on liqui/etherdelta selling below 4$. Apparently you can not ask any trade related questions on their telegram, they will ban you immediately.
This is turning out like Decent token distribution. Announce that tokens will be distributed manually, let the team dump their tokens on market first, everyone else remains a bagholder.
