I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap. But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens heīs set is 2 BILLION ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Frankly, nowadays you have to read carefully even when looking for bounty out there ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Can you share which ICO this was for? So other people don't fall for it. Frankly not enough people do their research, let alone read the whitepapers. I wonīt share the name because I donīt wan to enter a war with anyone (unless I am provoked or insulted). Technically is not a scam, so if people that canīt make numbers try to buy things they donīt understand they will learn from their experience. Read the WP, check that the team is real an legit and up to the job, donīt trust otherīs research and learn. AND PLEASE PLEASE PLEASE ... if you donīt know donīt jump in with all your hard earned savings!! Be careful and even then know that you can loose a lot!
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Nice way to put it OP, although I don't really get it lol! *sorry*
In my case, before I investing in any ICOs, I'll check their total supply first, then their whitepaper, then roadmap, then the team behind it, and the last but not least, their mission. I love an ICO with infographic pictures too, it makes me more confident to invest in it.
Ok,put it this way, I am selling you oranges. I have 1000 oranges and I will be selling 10 to the public. Letīs say that I manage to convince 10 people to buy my oranges at 10 dollars each. I will get 100 dollars. Now, since I have 990 oranges left and the market price is 10 dollar per each, then I have 9900 dollars in oranges, that is, my tokens are worth 9900 dollars. Except that it is not true at all! I got 100 dollars and a lot of oranges and when the people who bought them try to sell them they wonīt even be able to get 10 cents per each because there are too many oranges and they are not worth 10 dollars at all, even I scammed people into believing it.
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I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap. But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens heīs set is 2 BILLION ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Frankly, nowadays you have to read carefully even when looking for bounty out there ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Some trader invests on a coin with promising tech background and future projects. If they see that they can profit on that coin they will get it make make profit of it. Can't you see the problem here? It is impossible to make a profit, any profit, unless the token goes at leas x1000 if not more.
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I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap. But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens heīs set is 2 BILLION ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Frankly, nowadays you have to read carefully even when looking for bounty out there ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Agree, the developers create many projects where they have a critical amount of coins they can sell any time . I believe that all unsold tokens should be burn In this case is not a question of the tokens being kept really, is just a question of setting the token price as if a company was worth billions when it's just a garage thing.
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I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap. But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens heīs set is 2 BILLION ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Frankly, nowadays you have to read carefully even when looking for bounty out there ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) You might be amazed of how many people will invest anyway, many people are oblivious. Oh yep, the guy is just trying to get his 1 million, so he is likely to succeed because people throw their money to anything that has the keywords and buzz.
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That page looks more like a pishing site. The token sale was at https://wax.io/As I said, probably not smoothest one out there, but eventually they got listed and traded. Not a huge profit, but it is above ICO price.
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I am seeing so many new people here that I thought I would make a post about the basics. Surely many people know this, but others donīt:
If you are considering an ICO, you like the team, advisors, roadmap, idea, etc... There is a number you have to make.
Look a the total number of tokens. Look and estimate the average price of the tokens in the sale. Multiply those. That is the "marketcap" of those tokens.
If that number does not make sense to you, run away.
Example: Startup X sells 1 Million tokens at 1 dollar each. They keep 3 million tokens. This startup is saying that their tokens have 4 million dollars of value total. Can be reasonable, although they are keeping too many tokens, so the value is unlikely to go up unless very good things happen.
Example: Startup Y sells 1 Million tokens at 1 dollar each. They keep half million. They are valuing the tokens at 1,5 million total and only keeping half a million. Much better.
Example: Startup Z sells 4 Million tokens at 1 dollar each. They keep 100 million. They are valuing the tokens at 104 million total and keeping most of it. It is nearly impossible for that token to be worth what you paid for it.
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I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap. But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens heīs set is 2 BILLION ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Frankly, nowadays you have to read carefully even when looking for bounty out there ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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There is a huge market here for an alternative to etherdelta.
I do not understand what you mean , You mean there is other services like Etherdelta ? , If so then please give me couple of them . There are some projects of decentralised exchanges, like Radar Relay, etc.. the problem is they donīt have much volume yet. The future is to have many more. I donīt think ED is particularly buggy, but the Ethereum network is very temperamental.
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Just wondering if ETH can
Most surely it can reach the same market cap and will IMO go even higher than that. Frankly, the ethereum network has lost of projects being built on it while BTC is sleeping placidly.
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I am in favour of marketing campaigns, but I am not in favour of harassing people at every corner. It seems that the marketers have become quite wild. Could decentralisation help with this?
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My way is the VC, so I look through tens of business plans, teams CVs and competitive analysis and chose one good investment to stay in for a month or two. It works for me due to my time availability and experience. Others do trade.
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What happened? Waoh https://ethgasstation.info/We still have pending transactions there, however the gas price is just 1 GWEI For standard? Did the network just improved or what so ever? haha The ethereum network is quite temperamental. If you happen to be in the run with a massive ICO just forget about moving your stuff for a decent fee and the opposite is also true, there are valleys in transactions so yes, it could be the case. Just check ethgasstation.
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I am getting quotes for my token to develope but not sure what the normal price range is for a standard token and smart contract?
What would you say if I ask you the price to make an App? It depends on what you want and it depends on what degree of trust are you going to put into it. If you need just something very simple, there is a project called Simple Token that may suit your needs. Also, some other developments are out there to generate tokens out of the box with just point and click. Just research a bit and youīll find them.
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I am asking because I donīt know if I am blinded by a flashy light, but I donīt see anything wrong with this ICO and I do see things I like. Is anyone familiar with it?
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As far as i know bitcoin has a high volatility given the fact that it is in demand in the market but i did not expect hat it is so high that it can really go from 1-100 and 100-0. I want your insights about this volatility of bitcoin.
The volatility is due to an insufficient adoption for real use cases and an abundant supply of people that are still on the idea that you just buy bitcoin and become rich. If bitcoin does not work in real life uses it will keep being like this.
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How is this a scam? They are offering a certain number of coins for work to be done. The exchange rate of these coins is publicly available information.
Read the thread ,he plays with numbers making people think his tokens are worth something which they're not ...and never will be ! You know how this board works ,most don't read half of the posts .Of course ,there's gonna be naive people who will say yes ...only to realize once they've done the job (which isn't an easy one) that they got screwed . That's kinda like all those airdrop forms who ask for private keys .No one is forcing you to give it but there is always gonna be people who will give it anyway. So yes ,I call it a scam . It says... 5427 SXAS per qualifying translation And in the WP it says that theyīll be selling the tokens for 1 euro each. Am I missing something? I would say that the price is decent even if the tokens were worth 10 cents each. What are your numbers?
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How is this a scam? They are offering a certain number of coins for work to be done. The exchange rate of these coins is publicly available information.
Read the thread ,he plays with numbers making people think his tokens are worth something which they're not ...and never will be ! You know how this board works ,most don't read half of the posts .Of course ,there's gonna be naive people who will say yes ...only to realize once they've done the job (which isn't an easy one) that they got screwed . That's kinda like all those airdrop forms who ask for private keys .No one is forcing you to give it but there is always gonna be people who will give it anyway. So yes ,I call it a scam . The ICO price of the tokens is in the WP and does not match you numbers at all. The translation is a really hard work, but does not seem a scam.
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