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https://steemit.com/check/@texasvsjohnson/peerplays-imo-is-ripping-of-the-2nd-crowdfund
The president of peerplays confirmed this was true in the link above they believe there new ico is worth 50 million market cap. That the 2nd crowd is not getting 10x coins but everyone else is. So your paying 10x more then everyone else. Your paying more then what the market price was before it went down. I believe it was around 40 a coin. So if they 10x everyone else but not the new crowd fund investors they don't get 10x and are actuallying 10x the 5.00 so 50 dollars a share... They think its fair but I sure don't. But it does sound like a great idea what they are doing. I just find it shady instead of charging 50( which probably nobody would pay they give 10x coins to the past investors) So invest at your own risk doesn't mean it wont be great project and doesn't mean it wont take off when it releases. Its just my personal opinion its over priced.
The president of peerplays confirmed this was true in the link above they believe there new ico is worth 50 million market cap. That the 2nd crowd is not getting 10x coins but everyone else is. So your paying 10x more then everyone else. Your paying more then what the market price was before it went down. I believe it was around 40 a coin. So if they 10x everyone else but not the new crowd fund investors they don't get 10x and are actuallying 10x the 5.00 so 50 dollars a share... They think its fair but I sure don't. But it does sound like a great idea what they are doing. I just find it shady instead of charging 50( which probably nobody would pay they give 10x coins to the past investors) So invest at your own risk doesn't mean it wont be great project and doesn't mean it wont take off when it releases. Its just my personal opinion its over priced.
There will be a total of about 6 million coins. They are being sold by Peerplays for $5 each. So the market cap, assuming they all sell in the pre-whatever, is about $30 million. So investing now is buying into a $30 M market cap. Whatever happened before is not relevant to the decision process. The only relevant question is do you think PeerPlays will be worth more than $30M in some time horizon?
