Show Posts
Not want to be sarcastic but this project has a long growing period towards end 2018 and will have much good news towards that date. So for long term holding don't worry too much.
That's the problem: it really doesn't. The tokens themselves have literally no utility other than being a vehicle for (1) the company raising money to spend, and (2) being a quick flip for investors who wanted to get a good return based on the FOMO from people who didn't get in.
No FOMO here. FOMO-based flips happen when the ICO is still fresh in the mind and there's lots of emotions running high from people who missed out and think they're losing money. These tokens aren't transferable for many days, by which time we'll all have cooler heads and won't be upset about missing out on this investment whatsoever.
Definitely not one to hold - not many ERC20 tokens are worth holding to be honest. The vast majority have no long-term prospects (given the fact that they're largely undeveloped projects with little utility for their own tokens, and given the fact that the marketplace is changing rapidly and there's nothing stopping a Monetha-killer coming along in a few months.)
Still pissed off that companies do these quick-draw ICOs: shows that they're more interested in grabbing money quickly rather than distributing tokens fairly to prospective investors. I truly wanted to invest a large sum in Monetha, but these ridiculous panic-driven ICOs that are over in a matter of minutes are getting fucking old.
I'll be over this missed opportunity in an hour, after I've guzzled a bottle of wine. There'll be another hot ICO along very soon...
