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OK. First of all, before you even think of doing this, I can tell you my experience from the past 3 ICOs I have experienced launching on Yobit. I did not buy any, and am very happy I stayed away.
Their ICO is just a spin on raising money for a sort of ponzi game. Except that they do not pay out latecomers with new money, they just let the market gamble on their own setting high prices and then letting people dump on each other. All of them play out like this: the ICO tokens sell out hard, then price goes up, and then people dump.
The buy walls and investbox plans are all there to keep the game going longer.
Rocket was their own ICO token launched last year. for 50 BTC, you pay them 5 BTC fee (10%).
I fully agree with you. Their ICO is just a spin on raising money for a sort of ponzi game. Except that they do not pay out latecomers with new money, they just let the market gamble on their own setting high prices and then letting people dump on each other. All of them play out like this: the ICO tokens sell out hard, then price goes up, and then people dump.
The buy walls and investbox plans are all there to keep the game going longer.
Rocket was their own ICO token launched last year. for 50 BTC, you pay them 5 BTC fee (10%).
They are running at the same time exchange and ponzi, they launch new ICO from time to time and these ico's don't have future, they don't have product, they are all ponzi and everyone should avoid them.
While they collect fees people who are buying these coins eventually lose money.
Thank you, guys!
Yes, i know about Ponzi schemes on Yobit, but i can run my ICO without it as i understand from their rules. I can make a good product and it is a good chance to get investments for my main ICO, i think.. I want to make here just pre-sale to get some money and prepare for Sale.
The main thing, that i can not understand is how much should i pay them to run ICO..
10% fee + some prepay + buy wall 25BTC(50%)?? or what?
Their English sucks, also they can not explain what do they mean in their rules..
