Bitcoin Forum

What are people's thoughts on the HeelCoin ICO that is being offered right now at:

http://crowdsale.io/crowdsales/HeelCoin

A proportionate ICO means ALL of the coins will be sold for the amount collected in the ICO and distributed proportionately by buy-in.

looks like garbage. don't invest in ICO unless its at 1 sat

And to think you actually thought this was helpful in some way or relevant to the post?


Proportionate ICO is a way to get coins below ICO price. Fewer buyers means more coins in your wallet for the same amount of purchase price so the worst-case scenario is you pay the ICO asking price. Best case you become a whale for a coin with pennies.

Should lead to some interesting trading and likely some big profits for early buyers

It's pretty much how ico coins used to sell before they did fixed amounts. You 1 btc could start off with 10k coin but if lots bought in you could have 1k coins for the same btc. I actually think its a decent way to go if a  lot buy it. If not many people buy it then it creates whales of a few. So imo it has its good and bad cases but over all it is most representative of the people most interested in the project that buy it.  

Proportional ICOs are great when a lot of people participate. It gives the best distribution to those will to take a risk in a project. They take a big risk and it could go either way.

Yeah it can go either direction but it is pretty much good and sure to get Profit to buy them when they are 10-12 satoshis. :)
There is big risk and usually not profitable until you see a lots of Pumps in the ICO .
I recently buy YOVI (ICO) at much higher price and now i dont see much pumps , and the amount was pretty much spent in buying+Taxes , so i dont think any profit in near future , moreover if you have bought ICO at 5-10 satoshis then it would be much better then.

Thank you for these posts everyone. Support for HeeloCoin continues to amaze our group and we are excited for the future of HeelCoin.

We thought this would be the best way to distribute the coins. This method reduces the number of burned coins and keeps the economics of the coin more manageable.

If few people buy in then they will indeed be whales for our coin. If many people buy in the price will still be at a great value for excellent trading and commerce.

Hopefully a lot of folks but it to distribute it out well.

looks like 8 or so have bought it so far. They will get a ton of coins for cheap if it stays that way.

Yeah if they keep the buys to .1btc they will be whales for super cheap. i suspect more will buy near the end of the ico and that will change.

I was thinking of throwing in a tiny amount of BTC and seeing the buy as a kind of lottery ticket, but the coin looked too flaky for me to bother. It might have been a hit in the early-2014 bubble, but now? ???

Proportionate ICO is used for non-popular altcoins.
A dev can earn more funds to sell the coins at a fixed price.

for a small bit lit .1 btc I'll take a chance and see what happens. this coin be like doge coin if it catches on with the market it targets.

I might take a nibble too on the chance it goes big on Bittrex.

I bought some. Going to buy some more so I can be a whale for this coin because if this coin goes to Bittrex there will be no stopping it's value!

crowdsale.io is a scam

They buy their own ICOs

If there are too many other buyers in on the ICO... then they just ditch the coin and dump at any price. If they can get all the coins, then they pump it.

You can't win.

That doesn't make any sense at all. Find a new hobby or stop posting about things you clearly don't understand

Not a scam. They sell the ico coins to buyers. That can be one buyer and many.

My thoughts are that any coin where 2-post Newbies show up and say "What do you think of _______" is almost certainly a scam being shilled and you should run with your wallet.

I heard he was banned for a few days as his pms hit the spam bot and he got a few days off. I'm sure he will post again once it's lifted.

If so then he should be able to post any day now as it's been a while since that happened.

He posted on Twitter that he will be soon returning to the forums with some big high heeled news!

They didn't get any significant amount off this ico and are likely not going to follow much of their development plan due to shortage of their expectations. Why do people still participate in ICO's instead of buying the coins after the coin is released and some development is done ?

And if the ban is for 2 weeks then they will likely not return before next week.

He said it was a 1 week ban for spam and he had a big announcement that will be posted once his ban is lifted.

I can't wait.

I hope everyone has been staking their coins in anticipation of upcoming news. Dev has been active on Twitter and it looks like the ban has been lifted!

wellalot of ico's don't turn into much but it is a fast way to make money if you are careful and a little bit lucky. the guys that always show up to diss them have probably been neither.

He could've made a new account for that "big announcement"... I think well see a big "thanks for your money, i'm gone" announcement..

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