Topic: XYO just screwed their investors after token sale (Read 366 times)
This is common practice for a lot of the scammier ICOs. If I had invested in this I would be demanding a refund, if enough people clamour for it then they'll have to offer it. I don't understand why any project needs more than $10m anyway. If they really did need more they could always have started now with less and then done a further crowd sale at a later date once they've got something to show for.
XYO is a great project and it is not a scam. You were able to buy 180.000 XYO tokens for one Ethereum five months ago. If you did so, that just look at the price on their website and on some exchanges. You would make X2.
So, the XYO token public sale just finished last night. After completion you can see a "Gamma" token sale. They are continuing the sale with no fixed end date.
What is more troubling is that they promised they would burn the unsold tokens, but instead they "allocated" and extra 5 billion tokens to this Gamma sale effectively diluting
the tokens of the investors from the original crowd sale. Now, instead of 9 billion tokens, there are ~14 billion tokens. This move works to the detriment of said investors.
These are the facts.
Spin it any way you want to XY, but this is a clear betrayal of our trust. I hope there is a special place hell for you.
This is not the first time this happens and many almost immediately sell tokens. Therefore, it will be better to buy a token after entering the stock exchange, it is both safer and more promising. What is more troubling is that they promised they would burn the unsold tokens, but instead they "allocated" and extra 5 billion tokens to this Gamma sale effectively diluting
the tokens of the investors from the original crowd sale. Now, instead of 9 billion tokens, there are ~14 billion tokens. This move works to the detriment of said investors.
These are the facts.
Spin it any way you want to XY, but this is a clear betrayal of our trust. I hope there is a special place hell for you.
Yup, very suspicious, I feel sorry for you bro. especially taking the fact into account that they raised already 80 mil which is more than 80%. I just hope if they reach 100% they will actually start developing the project. And one more thing- NOT all ICO's are scams.
It is unfair to early token buyers but i see XYO is a good project, they keep developing their platform and make more partnerships recently. Athough, their token price has decrease a lots, and it is not listed on official exchanges yet. There hundreds transaction on decentralized exchange everyday, i think XYO token will strongly increase after it listed on a big exchange like Binance or Bittrex.
In fact, there are many coins like XYO, and ICO is a big risk, especially in the downturn of the cryptocurrency market. It is good to know that XYO's ICO can be successful. Many ICO projects will disappear during the ICO.
well that was a form of money grab as well, most ico tend to do those that they could milk every bit of penny they can get. or it just that they didnt sell well on token sale that they have to do those kind of marketing / discount to atleast accumulate what needed to run the project for a 5-10 years. thats what im seeing not that being judge mental thats why im distancing my self to icos
This could be another project that actually started well but has the potential to go sour and end up in hell. I am still hoping that things can go right and be bright for this big project. I felt some envy months ago that I was not able to do some bounty promotions for XYO but now I realized it must be a good decision not to be a part of something that is already adulterated with scam mindset. Anyway, let's still give this project the chance to show what they got for the sake of its many investors and believers.
This is just another shittoken, we have no reason to believe that such a project, there are already many such tokens being screwed up by themselves in 2018, this is not an accident, but a performance of a chaotic market, although I don’t think we should refuse ICO, but at least don’t blindly invest.
So, the XYO token public sale just finished last night. After completion you can see a "Gamma" token sale. They are continuing the sale with no fixed end date.
What is more troubling is that they promised they would burn the unsold tokens, but instead they "allocated" and extra 5 billion tokens to this Gamma sale effectively diluting
the tokens of the investors from the original crowd sale. Now, instead of 9 billion tokens, there are ~14 billion tokens. This move works to the detriment of said investors.
These are the facts.
Spin it any way you want to XY, but this is a clear betrayal of our trust. I hope there is a special place hell for you.
What is more troubling is that they promised they would burn the unsold tokens, but instead they "allocated" and extra 5 billion tokens to this Gamma sale effectively diluting
the tokens of the investors from the original crowd sale. Now, instead of 9 billion tokens, there are ~14 billion tokens. This move works to the detriment of said investors.
These are the facts.
Spin it any way you want to XY, but this is a clear betrayal of our trust. I hope there is a special place hell for you.
I thinks this a kind of cheat,doing of the XYO offering project into the participants of this campaign,because continuing the public sale with no fixed end is against the rule of ICO investment,especially when using the unsold tokens and they promised it to burn ,but they have allocation of some extra billion tokens,thats why this happen will can contribute uncertainty doubt to us,especialy if you are an ICO investor enthusiastic and panatic,its can create doubt to join or participate again in another ICO investment,because of this kind of experience.
There are so many ICO projects, and you know that the success rate of ICO is very low now. You should not venture into ICO products. In fact, this is just the tip of the iceberg of fraud projects.
...
I sure would have liked the million XYO Tokens for free at the conference they offered ....
hard to go from Australia , but 10 ETH worth for free for every attendee??
how many billions were given away?
I sure would have liked the million XYO Tokens for free at the conference they offered ....
hard to go from Australia , but 10 ETH worth for free for every attendee??
how many billions were given away?
So, the XYO token public sale just finished last night. After completion you can see a "Gamma" token sale. They are continuing the sale with no fixed end date.
What is more troubling is that they promised they would burn the unsold tokens, but instead they "allocated" and extra 5 billion tokens to this Gamma sale effectively diluting
the tokens of the investors from the original crowd sale. Now, instead of 9 billion tokens, there are ~14 billion tokens. This move works to the detriment of said investors.
These are the facts.
Spin it any way you want to XY, but this is a clear betrayal of our trust. I hope there is a special place hell for you.
What is more troubling is that they promised they would burn the unsold tokens, but instead they "allocated" and extra 5 billion tokens to this Gamma sale effectively diluting
the tokens of the investors from the original crowd sale. Now, instead of 9 billion tokens, there are ~14 billion tokens. This move works to the detriment of said investors.
These are the facts.
Spin it any way you want to XY, but this is a clear betrayal of our trust. I hope there is a special place hell for you.
I thinks this a kind of cheat,doing of the XYO offering project into the participants of this campaign,because continuing the public sale with no fixed end is against the rule of ICO investment,especially when using the unsold tokens and they promised it to burn ,but they have allocation of some extra billion tokens,thats why this happen will can contribute uncertainty doubt to us,especialy if you are an ICO investor enthusiastic and panatic,its can create doubt to join or participate again in another ICO investment,because of this kind of experience.
I am extra suspicious of ICOs that are aggressively running ads on crypto websites or coinmarketcap.
And XYO was all over the place, it was insane.
The entire marketing strategy was a "come and get rich! not much time left!" type approach which screams desperation.
It is no surprise that they didn't receive the amount they wished and are now trying to secure more.
This greediness will ultimately make them fail.
For those of you that are getting screwed over because of this, you should start to plan ways to decrease your cost per token average to minimize your losses.
It might sound counter intuitive, but if there are further bonuses offered during this "gamma" sale, you should take advantages of it.
The best way is to wait for the ico to end, the tokens distributed, then pick them up for super cheap on a dex like IDEX.
Pumping in more money might seem crazy, but your goal is to make your own personal cost per token as cheap as possible so when you liquidate it, you can do it at a lower price point without significant losses overall.
And XYO was all over the place, it was insane.
The entire marketing strategy was a "come and get rich! not much time left!" type approach which screams desperation.
It is no surprise that they didn't receive the amount they wished and are now trying to secure more.
This greediness will ultimately make them fail.
For those of you that are getting screwed over because of this, you should start to plan ways to decrease your cost per token average to minimize your losses.
It might sound counter intuitive, but if there are further bonuses offered during this "gamma" sale, you should take advantages of it.
The best way is to wait for the ico to end, the tokens distributed, then pick them up for super cheap on a dex like IDEX.
Pumping in more money might seem crazy, but your goal is to make your own personal cost per token as cheap as possible so when you liquidate it, you can do it at a lower price point without significant losses overall.
I agree and people actually fall for this, another is giving a big bonus percentage at the start of the ico and after the ico is over, investors should be wise to see that this kind of Ico are just money generating, especially if they do not have something for the industry that will contribute for the advancement of cryptocurrency.
I am extra suspicious of ICOs that are aggressively running ads on crypto websites or coinmarketcap.
And XYO was all over the place, it was insane.
The entire marketing strategy was a "come and get rich! not much time left!" type approach which screams desperation.
It is no surprise that they didn't receive the amount they wished and are now trying to secure more.
This greediness will ultimately make them fail.
For those of you that are getting screwed over because of this, you should start to plan ways to decrease your cost per token average to minimize your losses.
It might sound counter intuitive, but if there are further bonuses offered during this "gamma" sale, you should take advantages of it.
The best way is to wait for the ico to end, the tokens distributed, then pick them up for super cheap on a dex like IDEX.
Pumping in more money might seem crazy, but your goal is to make your own personal cost per token as cheap as possible so when you liquidate it, you can do it at a lower price point without significant losses overall.
And XYO was all over the place, it was insane.
The entire marketing strategy was a "come and get rich! not much time left!" type approach which screams desperation.
It is no surprise that they didn't receive the amount they wished and are now trying to secure more.
This greediness will ultimately make them fail.
For those of you that are getting screwed over because of this, you should start to plan ways to decrease your cost per token average to minimize your losses.
It might sound counter intuitive, but if there are further bonuses offered during this "gamma" sale, you should take advantages of it.
The best way is to wait for the ico to end, the tokens distributed, then pick them up for super cheap on a dex like IDEX.
Pumping in more money might seem crazy, but your goal is to make your own personal cost per token as cheap as possible so when you liquidate it, you can do it at a lower price point without significant losses overall.
I agree and people actually fall for this, another is giving a big bonus percentage at the start of the ico and after the ico is over, investors should be wise to see that this kind of Ico are just money generating, especially if they do not have something for the industry that will contribute for the advancement of cryptocurrency.
very unfortunate many coins which are high in discussion and expectation all these coins are disappointing the members in large way overall it will affect ico industry
I am extra suspicious of ICOs that are aggressively running ads on crypto websites or coinmarketcap.
And XYO was all over the place, it was insane.
The entire marketing strategy was a "come and get rich! not much time left!" type approach which screams desperation.
It is no surprise that they didn't receive the amount they wished and are now trying to secure more.
This greediness will ultimately make them fail.
For those of you that are getting screwed over because of this, you should start to plan ways to decrease your cost per token average to minimize your losses.
It might sound counter intuitive, but if there are further bonuses offered during this "gamma" sale, you should take advantages of it.
The best way is to wait for the ico to end, the tokens distributed, then pick them up for super cheap on a dex like IDEX.
Pumping in more money might seem crazy, but your goal is to make your own personal cost per token as cheap as possible so when you liquidate it, you can do it at a lower price point without significant losses overall.
And XYO was all over the place, it was insane.
The entire marketing strategy was a "come and get rich! not much time left!" type approach which screams desperation.
It is no surprise that they didn't receive the amount they wished and are now trying to secure more.
This greediness will ultimately make them fail.
For those of you that are getting screwed over because of this, you should start to plan ways to decrease your cost per token average to minimize your losses.
It might sound counter intuitive, but if there are further bonuses offered during this "gamma" sale, you should take advantages of it.
The best way is to wait for the ico to end, the tokens distributed, then pick them up for super cheap on a dex like IDEX.
Pumping in more money might seem crazy, but your goal is to make your own personal cost per token as cheap as possible so when you liquidate it, you can do it at a lower price point without significant losses overall.
Scam ICOs are everywhere,theres no guarantee that these ICOs are not going to get screwed when they have millions of dollars in their hand.I would rather wait for these projects to get listed into some reputable exchanges so that there will be no regrets after i invest.
How much money they have already raised?
I see XYO ads everywhere!
I see XYO ads everywhere!
Just over 12 Million USD
Token Sale ended
21 MAY
$40,656,481
OF
$48,000,000 (85%)
https://icodrops.com/xyo-network/
I don't know where icodrops got their data from, I am an investor in the project and I followed the token sales to the end, they only raised $12m, the information found on icodrops is not true and it is deceiving, you can go to xyo site and get their contract address and do the maths for your self.
OPTION 2: DO NOTHING
The second option was to do nothing and simply let the sale end/conclude.
If we did this, the end-result of the XYO Token Distribution pool would end up like this:
Yet this would be problematic, because the pre-allocated tokens (to the XYO Team, XY Company, Advisors and partners would be significantly larger than we had projected if we reached the $48M target. If the sale stopped after the XYO Token Sale, we would end up having the majority, wherein the public would only have 22%. This did not seem like a fair shake for the XYO Community. Additionally, for this project to continue and for us to actually displace GPS and achieve our goal, we are unable to do so on the funds raised thus far; or at least, it would take much, much longer than we think would be even desirable.
Can't post image from site, but really, they reserved 19%(wtf?
) tokens for XYO team, 10% for XY Company and 10% for advisors. So, the XYO token public sale just finished last night. After completion you can see a "Gamma" token sale. They are continuing the sale with no fixed end date.
What is more troubling is that they promised they would burn the unsold tokens, but instead they "allocated" and extra 5 billion tokens to this Gamma sale effectively diluting
the tokens of the investors from the original crowd sale. Now, instead of 9 billion tokens, there are ~14 billion tokens. This move works to the detriment of said investors.
These are the facts.
Spin it any way you want to XY, but this is a clear betrayal of our trust. I hope there is a special place hell for you.
What is more troubling is that they promised they would burn the unsold tokens, but instead they "allocated" and extra 5 billion tokens to this Gamma sale effectively diluting
the tokens of the investors from the original crowd sale. Now, instead of 9 billion tokens, there are ~14 billion tokens. This move works to the detriment of said investors.
These are the facts.
Spin it any way you want to XY, but this is a clear betrayal of our trust. I hope there is a special place hell for you.
I am not surprised, do not invest in ICO it's a rule for me in crypto
It is indeed a betrayal changing the rule at the last minute, investors will be shocked to see this last minute changing, they are one of the most publicized Ico in the market, I doubt if they can still gain investors for doing such act, they should have a clear explanation on why they decide to do this.
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