Bitcoin Forum

https://coinmarketcap.com/assets/basic-attention-token/

BAT Is here, and allegedly, the ICO was a mess and now 50%+ of the supply is controlled by whales because nobody was able to properly buy due the high as hell gas prices.

Will not the price go down?


Circulating Supply
1,000,000,000 BAT
Total Supply
1,500,000,000 BAT

Price:

$0.164736

Marketcap:

$164,676,000

We need $1,000,000,000 to reach 1 dollar

There's only 8 coins in the billion dollar marketcap. Can BAT have a place there? I don't think so. Which means this coin is probably never going to hit $1.

Meanwhile coins like Poswallet have a 41 million marketcap and are under 1 cent

https://coinmarketcap.com/currencies/posw-coin/

This is a real $1+ contender. Buy that one imo.

The whales who own the majority of the coins are in it for the long term, meaning the amount of BATs that are actually available to trade with will be limited, I believe the price will rise massively once the coin starts being put to use.

insta-ico is the new norm, it make more money this way

what was the ico price, and whats the price now ?

When their program  with BAT started and out into used, it will really rise up. They have a good project here and backup by a devs which is former developer of firefox. He build his reputation already, thats why tehre are many people supports this project.

can someone explain me what is gas price meaning ?

ICO price was 1 ETH = 6400 BAT, now 1 ETH ~ 1400 BAT

those whales made x4 profits ?
it wasnt possible to buy during the ico for peoples ? even if ready at the first second ?

Not really, the whales added huge amounts of fee to make sure they cut the line. Essentially, roughly 100 out of 1485 wallets own 95% of the tokens that were available during ICO: https://etherscan.io/token/tokenholderchart/BAT?range=500

I agree. The whales always keep there coins and the BAT coins will pump when the project makes a success. So what we can do is keep away from buying any BAT coins, or maybe we will be trapped at high price.

I heard most coins were insta-bought by Chinese whales, so don't ever touch it no matter how good it looks on the market.

I still don't see why anybody wants to pay with some crypto to get rid of ads which is what the point of this is as far as I know... what's the catch? most people that use cryptocurrencies are smart enough to use adblockers anyway.

We can't say they've made profit because there is no exchange transactions with volume. If it undergoes bittrex, let's say, the price will decrease obviously.

but its on bittrex ?
 
i dont understand, did anyone normal could invest in ico ? or was it a fake ico for insiders ?

Especially the funding projects bought a lot of BAT token, And there is a whale bought BAT token worth 3.7 million dollar. This just like the party for the big players on crypto. they can flip his money for decent profit through the promising ico.

so you confirm only few whales could buy in ? There is noone "normal" as youn and me who could participate in th ICO ?

I'm not sure why they didn't rise the cap... 4 people hold 50%+ of the supply and 100 hold 99% of it.
Seems ridiculous to me

there is noone as you and me who could participate the ico even if u send fund the first second ?

The ICO sold out in 24 seconds. Those at the front of the queue paid huge gas prices in order to ensure they were at the front. Normal people can't really compete.

if this thing fails I will be sad, it was a good idea but whales may have ruined it because they hoarded it

What? It's not even close to 1 cent but way higher.