XYO just screwed their investors after token sale - page 2.

ekechie

newbie

Activity: 168

Merit: 0

Quote from: Zashibu on May 21, 2018, 06:30:05 PM

Quote from: L_777 on May 21, 2018, 01:45:00 PM

Quote from: jt byte on May 21, 2018, 01:44:22 PM

How much money they have already raised?
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.

ekechie

newbie

Activity: 168

Merit: 0

I will blame them for the decision they have taken, they are looking to raise $45m for the project but managed to raise just $12m and if you understand their project quite well, you will notice it is a real world project that requires a huge amount of money to execute, So I think the decision they made is for the best interest of the project, afterall they stated if you are not happy with the move, you can request for your fund back.

Zashibu

jr. member

Activity: 490

Merit: 6

Quote from: L_777 on May 21, 2018, 01:45:00 PM

Quote from: jt byte on May 21, 2018, 01:44:22 PM

How much money they have already raised?
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/

paxmao

legendary

Activity: 2366

Merit: 1624

Do not die for Putin

Yes I was following it and is not only that they are doing their "gamma" sale, is also that they do not seem eager to go on any exchange. Screwing investors seem to be a sport lately.

CryptoAlphaStar

full member

Activity: 574

Merit: 101

A lot of ICOs lately are prolonging their sales if they are not happy with the raised money. And yes, most of the time the early investors are at a disadvantage.
Parkgene gave 50% bonus out of nowhere after they didn't collect much money in the official dates and prolonged.
Watching the price now (Parkgene) being 80% off ICO price, I can easily imagine even undisclosed private sales to pools with even greater discounts.

L_777

jr. member

Activity: 56

Merit: 3

Quote from: jt byte on May 21, 2018, 01:44:22 PM

How much money they have already raised?
I see XYO ads everywhere!

Just over 12 Million USD

jt byte

hero member

Activity: 994

Merit: 500

How much money they have already raised? Did they reach soft-cap? Do not understand why they extended the token sale...
I see XYO advertisements everywhere!

L_777

jr. member

Activity: 56

Merit: 3

Quote from: crampus on May 21, 2018, 01:38:04 PM

Maybe it was spelled out in white paper, they always do not understand, and then a bunch of questions.

This was a change, mid-course. They added the "allocation" on the 9th of May (well into the crowd sale.)

L_777

jr. member

Activity: 56

Merit: 3

Quote from: MISS_nSTASSY on May 21, 2018, 01:31:50 PM

This is kinda normal when ICOs decide to not to burn tokens after the crowd sale. Maybe if they will not announce that tokens will be burnt - they will not collect such amount as they did.
Everything is made for money. If they burn tokens they increase only investor's amount. But you should understand that nobody makes their projects for investors. For everything - to change the world, to beat cancer, to save pandas, to make such beautiful blockchain based milky factories and bakeries(lol), to become famous, to gain money from hobby and so on, but not to make investors reacher. Only ponzi are for investors Wink

Yes but we want them to have integrity. We need them to follow the plan and not change it mid-course. This turns a high-profile blockchain project into a high-profile scam.

oooStrateg

newbie

Activity: 66

Merit: 0

Quote from: L_777 on May 21, 2018, 01:22:29 PM

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.

I am not surprised, do not invest in ICO it's a rule for me in crypto

crampus

member

Activity: 252

Merit: 10

Maybe it was spelled out in white paper, they always do not understand, and then a bunch of questions.

MISS_nSTASSY

full member

Activity: 392

Merit: 105

Vena.Network

This is kinda normal when ICOs decide to not to burn tokens after the crowd sale. Maybe if they will not announce that tokens will be burnt - they will not collect such amount as they did.
Everything is made for money. If they burn tokens they increase only investor's amount. But you should understand that nobody makes their projects for investors. For everything - to change the world, to beat cancer, to save pandas, to make such beautiful blockchain based milky factories and bakeries(lol), to become famous, to gain money from hobby and so on, but not to make investors reacher. Only ponzi are for investors Wink

L_777

jr. member

Activity: 56

Merit: 3

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.

Topic: XYO just screwed their investors after token sale - page 2. (Read 366 times)