Bitcoin Forum

Ever since ICOs became so damn popular and mainstream, pools like the Crypto Whales Pool (http://www.cryptowhalespool.org) started pursuing the best presale deals and sometimes they are the only possible way to have access to the best tokens before exchanges.

On the other hand, some project deny access to pools. Or at least they claim so.

Are you in favor or against pools for private sales?

I do like the concept but I think when one would really like to do a scam, It is still possible no matter how many witnesses they called upon still safety cannot be guarranteed. Identities can be faked and stolen. Safety would be I think is when it is not made anonymous which is not the case of cryptocurrencies when it was invented.

On my own opinion, Private Sale is never ideal if we're talking about the decentralization and in addition to that it could be too risky to take that if we're on investor side. The seller might run away or in other words scam us. Btw I'm just a noob.

According to game theory scam will not happen if the scammer will surely lose more than win in case he/she scams.

By the way, more and more ICOs have been cancelled because pools and whales bought all tokens on private presales. Mithril (more than x10 since launch) and OPEN (still to be distributed) are the newest examples.

Some of the top ICOs are only accessed through private sales.

I preferred the old way of ICOs. No pools. But they exist nowdays and this is a fact I need to deal with, so I we need to adapt. Thanks for the info a a good pool. That's rare nowadays. Lots of scams out there.

Bonus tokens for early investors are usually paid pretty generously. But on the other hand, the soft cap is often reached during private sales, so those who contribute later feel much more secure. Anyway, you cannot be safe from scam whether there is private sale or not.

I agree, but every purchase per investor should be limited and the bonus given should also be low. Purchases must be limited because to avoid monopolies that will be made by individuals, groups or other communities. And the most important thing is that all participants have to go through the KYC process.

What to do to those people who do not want to disclose their data. The task of the ICO is to collect private investments for the development of projects necessary for people. Why should I Finance regulators? We now have so much bureaucracy that many inventions are left without funding. Governments want to deprive us of the opportunity to Finance the inventions we want.

This is a serious problem for ordinary market participants who can not afford to be in any pool. But now the market has a lot of undervalued coins and now this problem is not so acute. If the ICO boom starts again, I do not even know how these ordinary members will behave in order to compete with the pools.

I am in favor for pools for private sales. There may simply be no other opportunity to participate. Although, of course, in such an organization there are many negative sides. Better would be the possibility of personal participation.

I participate in the pools. It's easier than most. Moreover, I trust in the choice of ICO the pool in which I participate. They collect for participation in ICO 2$ million for 1 hour. When you go through the pool on PRE-Sale, you get good bonuses! But it is a long time to wait for the tokens, with PRE-Sale to enter the exchange takes a long time.

I believe entering in the pools is actually more affordable than participating in private pre-sales directly. Even though pools do have a minimum contribution size, it is usually below 1 ETH.

I think its a good idea to help the small fish get a piece of the good pie.
however with the current state of the market less and less ICO reach hard cap so the needs for pools diminishes. Lately pools are only good for getting higher bonuses if min investment is too high. A good project for this is Ocean pool (https://www.oceanpool.io/)

I think that I am in favor of them, why not? If pool is reputable and there is low chance of being scammed or to get refund if it turns out to be unsuccessful then why not. It give you opportunity to invest at lower rates even if you don't have high amount to invest, which is like giving the ordinary people higher chance to profit, not just giving the rich dude the opportunity to pile up more money.

It is not a bad thing to participate in pools especially if you cannot meet the minimum contribution required by certain projects. Just have to be careful and invest what you can afford to lose.

Personally, I never used pools yet, since I did not see them in the open access, and I always thought that this is a closed information.  But many projects close their sales due to big players (and pools are also included in this number)  so it's very interesting and I would like to try

Crypto Whales Pool is open.

https://t.me/CryptoWhalesPool_Announcements (https://t.me/CryptoWhalesPool_Announcements)
https://t.me/CryptoWhalesPool (https://t.me/CryptoWhalesPool)

I do think it is unfair, but many ICOs are attempting to combat this type of scheme by having a minimum investment, KYC, and other tactics.

We are not really given a choice anymore. Most good ico's are not even having a crowdsale and sell out at private sale so the only way in is via pools. pools have become a thing to combat whales taking over ico's.


Go Green!

The appearance of a private pool is still an arrangement for the team. In fact, I'm not opposed to doing this. If there is a really strong person to join, I think it is a priority. It doesn't matter much to me. I don't have much investment.

I have nothing against pools for private sales as long as the projects are honestly telling other investors what discounts they gave them. By giving large discounts and not telling other investors they are hurting new investors.

Cryptocurrency is a high risk investment from the beginning. Participating in an ICO brings higher risk than buying in an exchange as you do not know what will happen when the token is released. Private sales is even higher risky business as they impose some rules that you cannot trade them until few months after token release.

That's the main problem of private sales! It is really "private" there fore we don't know what conditions other people are getting in terms of bonuses and vesting schedules for example. When I organize http://cryptowhalespool.org/ (http://cryptowhalespool.org/) pools I am always concerned about this kind of transparency, or lack thereof.

I do not mind the private pool but I think I think for them should be set but the coin purchase limit. That they could not buy more than half of the coins and thus influence the course of the coin. This would be a fair decision for each ICO.

I believe early contributors (private sale participants) should get a bonus but should also be in charge of a bigger commitment. It means they should face a lock-up in my opinion.

I am against to private sales because  i dont want to be unfair to most of the people,its like you are cheating with the other investors.ICO or initial coin offering should be always in public so that your team members are in public and those investors can be sure that you wont be going to cheat in your own signatures,.

Exactly, I personally do not support it in any way. Many private sale I have encountered as given me a bad experience about private. Most developers are using it to scam people, they tell new investors that there is an already conducted sales which will make new investors to rush in to invest. And at the end of the day, it ends up been a scam. 

Nope, they are more than risky. I hear about a lot of people losing hundreds of dollars worth of ETH because of this kind of classic scams, i am never gonna trust my money to a random guy that we do not even know him.

Not really i am against with the private sales because i feel being tortured with the rates of these sale,ICOs shouldnt have private sales, pre-ICO and ICO are enough.Dont rely to these private sales because you might need some KYC verifications with these privileges as we all know our IDs might be leaked or sold to the deepweb which i why we shouldnt be participating these KYC thing.

Crypto is done in the money world if you need to finally make money and evaluate investments. After all, everyone has a single goal to make money.

Every action we take in life is for a purpose. I cannot say exactly that I am against or in favour because the Crypto Whales pool serves its purpose to the investors.

True. Max Weber used to call it "social actions". That's an interesting sociological approach to the topic.

You are completely right about being careful. Crypto Whales Pool (http://www.cryptowhalespool.org) for example has some reputational guarantees that make bad behaviors more costful to the admin than any benefit from stealing the money.

However, many other pools don't have such guarantees. In such cases all you have is a person's word: usually an unknown or even anonymous or pseudonymous person.

There was a time when ICO was not regulated.
Today, they are regulated a bit and regulation is increasing more and more.
Tomorrow it may be the time of pools regulation. Who knows...?

Yes, I basically agree with you here. By joining forces we can become whales too. That's why our pool is named Crypto Whales Pool.

Personally, I have never participated in a pool. Perhaps this has its benefits, as with large investments you get a big bonus. But I think that these schemes are bad for the project itself, because there should be as many participants as possible so that the project develops further.

More participants means more value to the project due to more decentralization. However the pools actually help that happen because they allow lots of people to join projects at higher bonus levels such as whales.

Private pools didn't exist in the past, but after ICOs became more and more popular, some people decided to join in order to be able to get access to the best deals.

I think pools in general are a good idea. It allows smaller investors to get better pricing by pulling all of their money together. The downside comes from the potential for scams and dumping after the ICO ends. When bonuses are super high, it lowers the effective price and people that buy later in the sale will get dumped on after the listing. I wouldn’t participate in one, but I’m glad people have the option.

Yes, I generally agree with most you said here. It is actually up to the ICO company to impose long vesting periods along with big bonuses.

Whenever I see an ICO that claims to have conducted a private sales, I don't bother investing in such ICOs anymore. Reason, being that when any developers already have private investors, it means that some whale investors might have taken a better share of the sale/tokens, now we the ordinary or small investors will have little tokens to share. I see it as being unfair.

I actually hate private sales because most of the time there is a higher percentage of private sales.
And more and more private sales are only for institutional investors, so ordinary investors cannot participate.

No I'm against, partly because it's easy to get scammed doing that and secondly the discounts are offered for individual people/companies who buy a lot, not for people to pool.

If you want to enjoy those better deals, you could join Crypto Whales Pool. We currently got 54.64% bonus for another interesting ICO to be held from August 21st on. Pre-ICO bonuses will start at 30% and will decrease. This is our 7th deal.

> Pool 1: Signals Network: 103 ETH raised
> Pool 2: OPEN: 275 ETH raised
> Pool 3: Bethereum: 296 ETH raised
> Pool 4: DAOStack: 181 ETH raised
> Pool 5: Orchid: 87.63 ETH raised
> Pool 6: Tolar: 355.35 ETH raised

Find all details at our channel: https://t.me/CryptoWhalesPool_Announcements

Feel free to ask any clarification at the discussion group at: https://t.me/CryptoWhalesPool


jvper

I would definitely prefer a no pools ICO, but it's difficult now.

But even if they do have pools, they should have reasonable locks the tokens to avoid dumping.

Most private sales have large bonus but also vesting period (lock-up) in order to create a better alignment of interests. People who trust the project should not have any problem with holding the coins a bit longer before selling them.

We are not really given a choice anymore. Most good ico's are not even having a crowdsale and sell out at private sale so the only way in is via pools. pools have become a thing to combat whales taking over ico's.

In fact one of the few latest ICOs that are still in the positive side was closed to the public. Only pools such as the Crypto Whales Pool were able to participate.

You asked a very interesting question. In my opinion, participation in the pool puts other participants at a disadvantage and creates threats to the implementation of the ICO because when the token lists on the exchange, the pool members who receive this token with a discount immediately sell it and drop its price down. Predicting this issue, many potential ICO participants either do not participate in it, or buy tokens "with a big discount" after its listing on the exchange.

I think I am favour for that because in the first operation of the business they need a working capital to support the services that they want to provide,
having this can raise a money that will used for their operations.

I am in for pools of investors combining powers to invest in private sales of an ICO. The minimum contribution of most ICOs are so much that an individual participants can't access the private sales.

I am not in support of any. If you want a bargain most especially this uncertain market period buying on exchange is the best thing anyone could do, when we are bullish in market ico investment will give good x return but for now it is best buying on exchange.

I am not against pools, but I am against private sales. Private sales are mostly for institutional investors and it makes it very difficult\ for an average investor to invest in a solid ICO project. Besides, because of discounts given to private sale investors, crowdsale investors suffer after an ICO.

So many ICOs these days now run private sales. Although, investing into the private sale of projects might be a big opportunity, because much profit can be made through it, but care must be taken because there are lots of scam projects out there.

It is ok in my opinion, If I had the money, I would probably be a part of them too, the discounts are great and rewards good.You also have less chances of scams

I don't think private sales are exactly a good idea. It gives more avenue for scammers to carry out their operations. Even though it might have its own advantage, we should look at the other possibilities that comes with it and how it will negatively affect the crypto world.

Private placement is a very dangerous investment, and its price is very low, but if it is successful, the profit is also very high. So many people like it. But it does not apply to ordinary investors. And the failure rate of private placement is also very high.

There is nothing you can do about that, even if you dont like what they are doing
its their money, sometimes its not not good also, but they is no law that say it is not
okay to do so.

That's very true. Although a pool admin analyzes projects and try to gather as much information as possible about the project and the dev team, there is absolutely no guarantee the project is not a scam.

Private sales for me is never a good idea in the crypto industry as it goes against the decentralized structure of it. That is why most of the member of its community loath whales and pump and dump groups as they always does this things and the ones that are affected is us. 

Personally I feel it reduces the demand of this tokens since all Tom and dick have gotten then already which will definitely affect it when it goes to exchanges. 

Yes of course, I’m favour to the pools for private sales because I don’t see any bad reason to against with it at the same time they are doing well in this kind of business and industry.

This is true. Pools are not only a vehicle to combine a lot of contributions into a single heavy contribution with lots of bonuses. Pool admins like myself can aggregate value with experience and help the team structure the deal and tokenomics.

 I still don't understand what you mean "Are you in favor or against pools for private sales" because I am still Newnie here. so I just listened to the chat of friends. maybe it can also be an additional knowledge for me

It seems to me now to invest alone in a good project is quite difficult so these pools are a good solution

So you should definitely join Crypto Whales Pool. We have been in contact with several ICO projects.

Discussion group: https://t.me/CryptoWhalesPool (https://t.me/CryptoWhalesPool)
Channel: https://t.me/CryptoWhalesPool_Announcements (https://t.me/CryptoWhalesPool_Announcements)

You should join while it is open for new applicants. By the way, it is free to join.

I find private sales like more preferable and profitable because they give too many benefits like low risks, possible amount of income and good experience that you can use in your future work in crypto as well, I think everybody should try to take part there, I am sure you will like it.

Sure, this is a good upside. Only remember to do your own due diligence whenver investing in any ICO, private sale, etc. The pool is the means to get a good deal. There is no guarantee the investment will be profitable.

I am fior the private sales too, they are more reliable as others have mentioned and I trust private sales much more than other types of this doing.

I support private sales, one can get a good discount for the investment provided the project won't go wrong like we saw some promising ICOs in recent times going shity bad.

At first I am not in favor with it but as what I experience it could also be profitable if you are one of those who will buy in this pools. We are considering alot of ways to have a good profit then I would agree that it is a good one for a good start.

Great to hear that. So you should definitely join Crypto Whales Pool. We have been in contact with several ICO projects.

Discussion group: https://t.me/CryptoWhalesPool (https://t.me/CryptoWhalesPool)
Channel: https://t.me/CryptoWhalesPool_Announcements (https://t.me/CryptoWhalesPool_Announcements)

You should join us while it is open for new applicants. By the way, it is free to join.

I support it, because in my opinion 50% of the ICO will succeed depending on the private sale that is done, if the private sale is successful then I am sure the main sale and ICO will also be successful.

You can find good alternatives in our community.

Find all details at our channel: https://t.me/CryptoWhalesPool_Announcements

Feel free to ask any clarification at the discussion group at: https://t.me/CryptoWhalesPool

We also have a Discord channel: https://discord.gg/DpuSdUA

Always do your own due diligence before investing in any ICO or private sale.

I think private sale is still good and i support it, because that is where some ICOs get mist of their buys from. Most private investors invest huge amount into ICOs and this in turn helps the ICO to quickly achieve its set goals.

Sure. I'd like to introduce you the Crypto Whales Pool www.cryptowhalespool.org (http://www.cryptowhalespool.org)

Our objective is to get excelent deals in private presales before ICOs. I am a DPoS witness (https://decent-db.com/witnesses) and I am going to use my reputation as collateral.

We are going to accept new members until the group is sufficiently big.

Discussion group: https://t.me/CryptoWhalesPool (https://t.me/CryptoWhalesPool)
Channel: https://t.me/CryptoWhalesPool_Announcements (https://t.me/CryptoWhalesPool_Announcements)