Bitcoin Forum

BitClave's token sale has finished, having met the hard cap of $25.5 million within 32 seconds after the official start of the sale on Nov 29. There were 13 168 transactions made during the crowdsale.

https://tokenzone.io/all-posts/token-daily (https://tokenzone.io/all-posts/token-daily)

...because you can certainly trust ICOs and the numbers on their centralized websites...

I am happy for BitClave and believe in the project.

I guess until yesterday it was a perfect time to hold an ICO, Wabi and Bitclave came through successfully, from now on it seems that some darker times will come.

what has changed since yesterday?

Haha, exactly. In a time when the ICO flood has not stopped gushing out, and the day of 1 minute ICOs are over, sounds like a real red flag to see that much raised in 32 seconds. At best, they arranged for big whale investors to prepay, and just lumped those totals together. I mean, 32 seconds is a short window of time, doubt any blockchain could handle and confirm that kind of volume.

At worst, it is a made up number and that is the biggest red flag of all.

They've spent huge amounts of marketing on almost every blockchain conference out there...but yeah, most probably those were whales buying in rather than general public

So there a 13168 people who sit and wait in front of their PC to wait an ICO to start ? And complete all transaction ini less than 1 min ?  Awesome, if that real would be amazing

This is good project, but huge money raising after ico is not good. Price will not stable after it listed on exchange.  :(

Thats quite a big amount, and I never heard of it till now. Cliffs on the token? :)

How is this even possible?! I totally smell foul play there. Within 32 seconds? I definitely don't think its genuine.
 This are just totally a made up figures, most times this ICOs site con people into believing their lies.

I visited their site; it was really an after ICO that made them that 110% within 32 seconds; something that usually takes up to a 3-6 weeks or even months for some ICOs. Whoa! What a big lie... (Or is it because they want to decentralize Search?) It still makes no sense.
Even if they got big whales investors to pour ETH into their ICO, no way will it have happened within 32 seconds at least a day or two is a bit considerate.
This is just to lure people into investing in the after ICO which I see as a major scam.

I kinda feel the same way. If that's the case its beaten a speed record? I mean it took Filecoin 60mins to raise $200mill, is BitClave beating that?

congratulations with early target sale cap  , this is really awesome from last year, the funding crowdsale or icos sales is not as easy from now.

This is quite insane, I suspect a bit of foul play in that, possibly whales have been granted a priviledged access to the tokens. Too fast.

OK it may be a little misleading (the subject title)
I am by no means a whale but saw this and decided to give it a crack..so I placed my cupola hunji in their deposit and went and did something for a few days.
Now as I understand it, the they had made around 22.5 m or thereabouts in the ICO, and the 32 seconds represented the shortfall, so up to 3 mil.
So, all I am saying is that it just wasn't whales feeding, small investors got a look in.
That said, I hope its not a scam, I dont believe that it is, but I have been wrong before. Either way, at present its costing me as it stagnates while the money I retained in BTC flourishes, so let's hope the gains catch up there when it marketises

Actually, it is not truth.

As any person, who watched this project from the very beginning, these guys postponed their ICO like 3 or 4 times. Mostly, they believed in whales to invest in it (and that happened). I think not so many individual investors bought in.

And they did their stack during a month before ICO, and then they made like some ETH and said that made all the stack in 32 seconds. I don't like that game.

Wow, sounds wonderful. But it's really strange because there were many transactions, which need more time, than 32 seconds!

Yes, I agree with you. Maybe they have used the special method or something likes that. Although Bitclave is also a potential project. But I don't think that it can reaches hard cap in 32 seconds

I would be very apprehensive of an ICO that raised that much in 32 seconds.

Clearly they have had investments before the ICO launched and on top of that large ones. I imagine they have 4/5 whales that can manipulate the currency once it goes on exchange.

Even with the best marketing, to pull that off in 32 seconds is pretty much impossible.

I think BitClave went hunting for some Moby Dicks!

I would be very apprehensive as an investor in the fact that they got over 25.5 million in just over half a minute.

obvious insta ico scam

avoid

Avoid like the plague, clearly just got some big whales to invest and already had the money in their pocket before the ICO launched.

You think they would be smarter and drip the money into the ICO rather than pushing it all after 32 seconds. God knows what they were thinking from a marketing aspect.

32 seconds sounds too good to be true :D And if it does, it usually is! (Except bitcoin price  ;D ;D) nah but i would use common sense here. And common sense says this is not true.

Someone from the big investors believed in the project and agreed with the creators about buying all the tokens. It is physically impossible for private individuals to redeem so quickly the hard cap. The most interesting is that after the coins are released to the exchange, there will be a major marketmaker. It will be easy to check by looking at the number of coins in your wallet. The good thing about blocking it allows.

Seems a little too specious to have raised that much in such a short time, I would stay away from them.