Bitcoin Forum

Geoma DAO is one of latest ICO which made some good buzz around. The preICO and ICO price was 0.0074 ETH. What do you think? Will this ICO make a change from the previous? One recent activity of the DEV team I did not like also, they are yet to send required gas fee for sending their bounty token. It is just an weird behavior.

Are those signs that the project is not clear? But If I'm not wrong, Isn't the token already sent for Bounty? Try to check your wallet, I've got some GMD from their bounties. I hope GMD prices when listed will remain stable or increase.

I saw in the Geoma dao telegram group, they have sent bounty tokens for Twitter, Telegram and Signature campaigns, but for Articles and Youtube they have not sent them for Gas reasons but in my opinion it is not true, maybe the main reason is bounty participants who have got their tokens sell it on forkdelta and it is unfortunate when the project still needs investor funds to register on a large exchange

Were you just making this topic because you are really interested about the project? or just because you are not receiving your bounty tokens yet? As far as I know, this project is making their baby steps in a good way to ensure that the project will succeed though I don't know much about this for now.

From the latest statement from the geoma dev he said he would buy back the tokens in the forkdelta and they would hold a DAICO for fundraising

The problem is it will be running DAICO on the dex which is having a very small demand compared when it would be launched on the centralized fundaraising platform like IEO platform. I may not put a big expectation from the result of GEOMA token price.

So DAICO is also held in an exchange just like IEO? Which exchanges do they have? Saturn exchange ? I saw several token transactions going there

Only twitter and signature and the telegram group rewards have been sent but not the others rewards because of lacking fee.

Oh yeah, I have seen that too and I think this is a very good idea and will bring some good benefits for the holder too. Do you think it will be a good idea to buy some?

This is really frustrating, once the tokens are distributed we need to wait for sometime till they list in the exchange, it is really not fair most of them are selling in black.

I am really against it, this will surely impact the reputation of the project development team and the value of the token will automatically get dropped, Geoma ico is really promising token hopefully it will get succeed...

I don't know too much about this project, but if they intend to ICO at this stage, I believe they will quickly fail. At the moment only IEO can help new projects raise funds

How are you sure that ICO will fail? Is it because that is the old way of raising funds? Do you know that most IEO will fail too if they are not listed on big exchanges like Binance? And there are still investors out there that will wait patiently having an ICO and I think it is better if they invested in a good project and as I checked GEOMA Dao, it seems like it is worth for long term investment

So please introduce me to some successful ICOs this year? I did not see any projects. If this project doing  ICO, then I believe that investors will ignore it, at least they need to implement IEO to ensure that they can list at an exchange first.

They caught a serious hype in the forum. At one point the signature of Geoma DAO was in every profile. Now when I saw this topic, I said let me take a look and saw some connection between Geoma & Digibyte

What is the connection of Digibyte and Geoma DAO?

It looks like i got left behind lol, i was following the Geoma project last month, detail to details and i seem to have missed out.
When did the ICO take place ? was it a private sale ? or it was sold on their website?
Do you think there will be an ieo ?

I think hunters need not rush about rewards, because it was escrowed and the bounty manager only awaits etherum to complete the distribution

It's just a matter of time if they have been hyped while they are on sale.
Then expect the possible downtrend that they will get when most of the early investors started to dump it.

This is not good actually, cause the dev should cover for the fee of the bounty tokens. Well they are using erc20 token right? I wonder if they have budget cause surely they should cover it and not pass to the hunters the required gas fee just to receive their rewards.

If they really making some buzz around why I have not heard any news on listing and even on social media that supposedly creating some shill on this ICO.

Are the token sale of this project done already? Or they have any plans for IEO?

I also become part of their bounty campaign and I already received my rewards but I only work there for 1 week. So far, we are not sure if this project will going to have a successful IEO. I'm still watching this project and hoping to see great news about their project. I also see it in the telegram group that some of the participants still not received the rewards due to the lacking of gas/fees. But, I guess they will instantly send it to the participants once they have enough ETH.

Same with you, I hope that they will be listed it in a good exchange. But, in the price, I guess it will rapidly dump after it gets listed.

I received mine and I think others also received theirs due to the funds was escrowed to Julerz and I have seen he did sent a lot just 9 days ago.

0.0074 at when/what price of ETH was that?
I have been looking for an announcement thread since I cannot see any updates.
Maybe this is a good thing so we could share some news of what is happening with them lately.

As they have planned to purchase the token back throufg forkdelta, I think you will have a fair price at that time. However, if you are talking about the project itself and it's future, I don't think it's any better than the other shitcoins around. Better get rid of it.

I have also participated Geoma Dao bounty and they sent me my payment after the bounty end. This is good sign in this time when maximum team try to delay or cheat with bounty hunters. Hence they are admirable. From my own research, GMD team are trying to list in big exchanges. If they can do this promise and work with trust continuously, GMD tokens value will increase in the future.

It's not and i guess his main concern is about the geoma ico will be running on the small exchange site while he was taking IEO from major exchange site as an example if the IEO will always bring a high chance to be a success.

But it is also quite long if the team does not keep promises in the near future, there is indeed a lot of support from the community but are they already planning sales in the near future?
I hope that Geoma DAO like Cartesi, who surprisingly put it on Binance, is certainly a lot of investors happy and his community and a lot of support too.

Indeed it made some buzz during the sales and most bounty hunters saw it as a good project and promoted it, I still look forward for the best from the project, talking about the tokens not sent yet,I think it will be sent as some hunters have received and I trust the bounty manager to send when it is set.

I participated in the bounty campaigns of the ICO Geoma DAO and after reading that the tokens should already come to our wallets, I checked my wallet. Indeed, nine days ago, that is, on April 25, I received GMD tokens, however, etherscan.io does not show their price. In this thread they wrote about the price of the GMD token at 0.0074 ETN. Is this an ICO price? I wonder what the real price of this token will be. However, while I'm still not going to sell them. The token is promising, it is also better to wait for the market to rise.

I will be very glad and surprised if, after listing Geoma, the price of a coin will be the same as on ICO. But it is not yet clear when this will happen.

Yes, that's right, but what is being discussed on this topic is the issue of payment for campaign participants that has not been evenly distributed, so that some participants are still upset about it, and all of this participants are also waiting for the exchange where GMD tokens will be listed, because until now there has been no news about the exchange from the team.

This is usually the thing that happens to a new coin distributed to bounty hunters or even investors. Selling and buying is the business and we can't stop that. For a good project, Ir makes it stronger because it begins to create volume.

The exchange where the coin is listed too is important. This is why team should try and list coins in reputable and top exchange. Again, team sometimes buy back the coins which is good marketing to push the coin forward.

However, Geoma seem like a good project, managed by julerz12 and I have received my reward. Waiting for top exchange like binance  ;D ;D

No need to check wallet, you can read through pinned post Telegram(Individual),Article,Videos didn’t payed yet. Bounty rewards are escrowed by BM, even though he waited 2-3 days when teams will pay eth for gas fee, it’s looks ridiculous for some eth distribution is delayed, bounty tokens should pay within deadline already it’s over.                  

if you don't like the DEV team it means you also don't like the GMDAO project gift manager, after I see it seems you belong to the signature slot participant with spreadsheet number 19. You were deleted because you removed the project signature before the project ended.
and now you are back to discuss the GMDAO project after you see that this project will grow large or the GMDAO token will soon be traded on a large exchange.
I think you can take important lessons and can only reflect on this project.

I don't think it's a shitcoin is you might have thought of,  shitcoin project team won't consider buy back from dumpers,  this shows that they ain't the one dumping, and if you go through the project future plans it seems they have something good to offer in my opinion,  they sound too good to be true if they don't exit

I don't know what your plans are putting up this post (is it to stir emotions or what?) but I can comfortably tell you that sections of the bounty rewards have been set out already. I received mine for signature bounty 9 days ago or so. I am only waiting for the Telegram (Individual) bounty.

Most of the time they are giving away shit coins but let's give this project or their developers some time, who knows that this would turn out legit and became successful as well.

@Little Mouse, what bounty are you in? Got mine in the signature campaign some weeks ago.

Have you talked to the BM on this problem?

GEOMA-DAO (De-centralized Autonomous Organization), as you have known geoma is an effective solution to the problem of improper, and unfair management of wealth in our economy and as pertaining to people’s income and well-being. GEOMA-DAO is creating a system of ‘shared’ wealth such that by properly negotiating with the government and other parties involved in the economy’s wealth flow. This brings about equal or fair reward system for every work or contributions made by each person in the production of wealth.

though according to what they preach don't its a shit coin, though i did not participate in the bounty campaign but have someone that do, as i was about to get started the campaign ended.

I can not remember, may be it was around $150 at that time. Here is the announcement thread- https://bitcointalk.org/index.php?topic=5216619.0

I was in Signature campaign and I got tje reward too but I am talking about other bounty rewards which have not paid yet. I have sent message on the bounty group but that was deleted.

Although this project is good, the fact that they did not lock the token made me feel very worried and being traded freely at forkdelta. Of course I only expect Geoma Dao to be listed at an exchange with good trading volume because if listed, the project will attract more investors. One way or another, the team needs to lock the token now and look for a secure exchange for investors.

If the team wants to buy back all tokens being traded then I think that is a sign that they are serious about maintaining GMD prices, If they dare to buy all the tokens on Forkdelta then you better keep holding GMD, don't sell it. I believe GMD will listed on top Exchange.

It is too early for them to list at the exchange, I think at least bounty hunters need to wait the next 4-5 months to be able to sell tokens. Provided that this project must be successful in ICO

Ones you distribute bounty tokens before concluding your sale, this is always the result, some hunters are so desperate they sell their token reward for any amount, am not surprise, anyone can sell on those exchange,
the best idea would have been not to distribute at all until exchange listing is finalized and token already trading before they can distribute,
between the pool was not that much so I don't think it should have any significant impact on the project.

For me it's ok to distribute, if they deferred distributed after announcing they will bounty hunters and developers will lose their reputation, that has been the common complain bounty rewards distribution, if the project is good and had a potential the price will pick up eventually and those dumps in the DEX will be wipe up, there will always demand if the project is that good.

It will happen after the launch of DAICO but i didn't put a huge price as the result from the DAICO. It looks like the team must work for hard to achieve it. Many people especially the GEOMA bounty participants were hoping like you dude.

I don't know anything about the GAS sending token problem, but I know I have received the tokens (from the bounty) on April 25.
Maybe the team didn't sent enough ETH to the bounty manager, because they didn't considered a large number of the joining participants in the first place., but I agree is weird since the bounty manager likely announced them about the issue.

in fact, they have sent it to several bounties. Well, I'm one of the people who got it. the price of Pre ICO and ICO from this project is quite good. however, we do not know what this token will be in the future. so far, I read some positive feedback from the telegram, and also the support of supporters. I can only hope that this project is successful.

I liked Geoma DAO concept also teams steadiness about this project, they make good decision to buy buy GMD in forkdelta i appreciated that. No reason to don't like the dev, he just expressed opinion about bounty distribution because already confusion has been created of hunters for unpaid categories. I hope it will solve as soon. And all of waiting to get surprise of the exchange listing.                

The bounty was handled by a reputable bm and it was like the reward was already escrowed, so I didn't have any doubt that the team will fulfill their promise to hunters, I heard some hunters already dump on forkdelta, maybe they will regret their actions when the team are able to secure a listing in big exchange.

Of course expect this project to succeed in the future with the support of the community, the developer must be able to be more in the near future so that they are not curious about their current marketing.
I still continue to follow the development of Geoma DAO for the latest.

The project was well hyped and i personally believe in the project,they even made hunters believe their guenuity by escrowing the bounty reward to the bounty manager but like you said, i got turned off by their recent action of sending just little gas fee.  I can't help but wish them success nevertheless

So, they chose the ICO sale? This is why I did not participate in their bounty campaign even after seeing Julerz escrowed the payment. This project did not attract me. Nothing was promising there! No good media coverage, no partner at all. Once I asked about their partnership, they said Buzzin is their partner! I mean seriously? How can a Bounty-Airdrop conductor be a partner of a DAO Blockchain? Later I informed that Buzzin just managed their airdrop campaign and for that Geoma telegram got a good number of bot members!

GEO has for long sent the bounty rewards except for some part of the campaign. Maybe they want to control price of the project reason they are sending in batches. Some of my friends who participated in the campaign got theirs at various campaign level. Wait was the ICO sold at 0.0074ETH or $0.0074?

Often times, many projects prefer not to disburse bounty tokens until after IEO or ICO for the fear of dumpers who create sell orders sometimes below the projects intending IEO price in forkdelta and the likes. I'm of the opinion that GEOMA DAO team didn't take this into proper consideration before reaching a mutual agreement to distribute bounty tokens even before IEO which is the reason why some hunters are agitated already. It obviously can't be just providing eth that is the problem here....

Nevertheless, I participated in the bounty and I have received bounty tokens for twitter and community telegram campaign.

I have been watching this because some of my friends joined the ICO and also Bounties and all of them are very positive in this one.

they believe that Geoma DAO will make difference this year and forward.

OP can i request to at least make some update in regards to the status of the project and the market movement once listed?

Thanks in Advance.

I think it has potential. Even though they running sale on an ICO, you can see that their team is serious on launching this defi project. I am supposedly joining the campaign but got eliminated due to wrong answer on their verification which have a lot of questions. Anyway, I just regret the chance cause Im seeing their proect with really high potential to be great and some exchanges will probably see this potential too and list them.

I think so far, their track record is clean and spotless. They paid bounty hunter due time although there are a few minor hiccups but the general view for them still in a good spot. They create a lot of hype surrounding them, that could be a chance to drive on that momentum to list on big exchange and I think they can do it.

I thought that the ICO has not yet sold because it was not yet launched but the price for each geoma dao is so expensive. It's a very good thing to see the team has already distributed the tokens before the DAICO will begin.

I guess if it should be 0.0074 eth for each GEOMA token

Yes, the reason for this gas issue was because the team didn't send enough eth to cover the gas fee for every participant,

As far as I remember, only twitter, telegram, and signature participants were the first one to receive their bounty rewards, for the other categories of bounty, there is still no update yet. This issue was a little weird but I think they just don't expect a huge number of participants.

To date, for a certain number of Bounty Hunters, the distribution of remuneration has taken place at the end of April.  An official statement by the manager: the delay is only in the absence of a certain amount of ethereum for gas to pay for transactions.  Of course, the price for each token at the level of 0.0074 ETH looks too big and fantastic lately among ico projects and if delays in the distribution of tokens appear, then this is worrying.  I would not want the situation to repeat as well as with the Pundi X project.

Is it true that the payment is still delayed until now? I am one of the signature participants and I got my token last month and 0.0074 ETH is not an expensive price due to its small total supply

Well, then may be you don't not all of it. They did bounty payment in promises time (not all of it, most of it) but some greedy hunters was selling their reward for literally nothing in forkdelta. Like 10,000 GMD (1 GMD = $1) for $10. Now of course it's rewarded token so hunters can do that what they want but i also agree that if team decided to delay for sending reward to hunters because of that. About sending gas fee, don't you think it's too much silly to thinking. Cause they are running thousands of dollars projects so in what earth they couldn't pay $50 for gas fee. ??? I think it's a legit project from the beginning. Here (https://t.me/GEOMABounty/2648) is the latest massage about there CEO. Hope you will understand what is going on.

Geoma Dao is very good project for me. I think this is wrong Information about bounty distribution. As promised bounty rewards sent to bounty hunters without taking any gas fee. Market is growing this is the time to listed good exchange for high volume. I have interest to buy some coin from this hunters.

I heard content bounty rewards yet to be distributed! Because the team did not pay Eth gas to fee to julerz, so, he couldn’t send the rewards on time! Personally, I don't like the Geoma team's movements! Project is good but it getting ruined because of bad managing like the Xcard project!     

The main thing that help determine the performance of a token when listed is the exchange that it is listed on. Binance is a great place for any token but if listed on any of this exchanges where there is no real volume but fake and wash trading. Exchange is the determining factor in this

In fact, I am very disappointed with your words. I really had some hopes for the x-cart and the Geoma dao. Although these are really very fresh projects, and perhaps due to the coronavirus pandemic, the team does not have large enough opportunities to develop their projects. in any case, you need to wait for certain statements from the teams. Although Xcart has not responded to requests for a long time.

If you are active in their telegram channel they have an announcement that their MVP is coming up and there will be a coming swap, so those holders of Geomadao better tune on this so you can swap your token, but with all the things happening now in the market, they should get back in action and develop their platform, this is the best time to come out with interesting project.