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We decided to have no volume cap so that anyone willing can participate. We believe that if more people have AE the value of the underlying system will increase. No cap was also Ethereum's approach and that was quite successful.
By putting no cap on the crowdsale you are essentially putting the investors at risk. It's like a crowdfunding campaign without goal or telling the investors "I don't care, just give me all your money". I understand that you want to raise as much as possible, but I really hope you will reconsider your decision on this.Why do you think this is a problem? "Overbought" is a speculative term for day traders who want to sell ASAP, lol.
IMHO, if you truly believe in the project's potential you want as many other people to take part as possible for bigger network effect. Caps are like soft private sales - you restrict the number of potential backers and users in order to make 10 people rich. It's all in the family.
Waves is overbought, Lisk is overbought, I don't know how much Aeternity will raise, but what I confirm is over 10k btc is overbought, hope only 1-5000 btc so that investors can make money.
Does any of these projects cost less than during crowdsale?
Why do you think this is a problem? "Overbought" is a speculative term for day traders who want to sell ASAP, lol.
Sorry I don't daytrade, maybe it's just you. Why do I think this is a problem? I'm just trying to protect my potential investments from being relentlessly diluted, that simple.IMHO, if you truly believe in the project's potential you want as many other people to take part as possible for bigger network effect. Caps are like soft private sales - you restrict the number of potential backers and users in order to make 10 people rich. It's all in the family.
By setting up a crowdsale, you are already on your way to make 10 people rich, let alone the campaign itself is uncapped. What about someone who's broke and couldn't afford to participate in the crowdsale? If you truly want as many other people to take part as possible for bigger network effect, you should go ahead and set up a faucet or airdrop the tokens instead.Nice idea by the way. It's up to devs though. Still, I think incentives for backers are different than when you get tokens for free.
There are opportunities to get your fair share of tokens of every each project eg. bounty campaigns like the one you take part in right now.
That's ok that participants want to have their piece of pie bigger by capping the crowdsale. However, it also makes sense to aim for a bigger pie, so the project develops faster and everyone's share becomes bigger in terms of value.
