Gnosis. Greedy developers

[JungleOnion]

I expect massive dumping with massive bounces

You think investors are stupid?

I don't know if you are an Gnosis ICO investor, but sadly yes, I think gnosis ICO investors are ridiculously stupid by the way they managed the auction. Rushing into completing the funding goal in 10 minutes left them with only 4% of the total supply, by locking for 12 months the rest % it won't change the fact that the total market cap is waaay overvalued by the way the auction ended.
Why not waited enough so the % distributed would've been bigger which then in turn would've left more room to grow and pump? A whale might've wanted to complete the goal so fast so its easier to control the market, in that case, a parabolic pump wouldn't be a surprise, but smart money is patient and, well, smart, and this ICO was everything but patient and smart.

[Ayers]

The developers of Gnosis are being way too greedy.
They could end up with $12.5m and also own more than 50% od the coins as well.

Gnosis is an open source blockchain project, not a private company.

They can't make it closed source, yet they act as though it is. They need us to secure the network. We don't need them.



https://www.reddit.com/r/ethtrader/comments/64ch1j/gnosis_crowdsale_price/?sort=top

but isn't this like many good coins are sold now, ETH for example had a very big premine but no one complained about, decred also had a 800k coins premined for the dev plus all the airdrop, which i'm sure went to the same people, not fair distribution, there is no fair distribution in crypto it's all a lie, always few etilist have many coins and the other must buy their scam

[btbrae]

Don't forget 2 people got 50% of the ICO coins.

So only 2.5% was distributed, leaving 97.5% in the hands of a few major bagholders.

A truly awful way to start a company.

On a positive note, entrepreneurs around the globe just got another taste of how quickly FinTech is taking off and how much money is going in. I don't think we've seen anything yet.

[HTracer]

GNO tokens are to begin trading on Kraken and Poloniex on May 1.

Just 5% at ICO might be a move to prevent cliff-off start on the exchanges. The tokens look pretty heavy, so have a good potential for long walk to South at even mild volumes of offerings.

[XbladeX]

**** ETH for example had a very big premine but no one complained about, decred also had a 800k coins premined for the dev plus all the airdrop, which i'm sure went to the same people, not fair distribution, there is no fair distribution in crypto it's all a lie, always few etilist have many coins and the other must buy their scam

an yu described now perfectly what is about that whole cryptocoins acosystem to make quick rich.

This is like be HERO from ZERO
Yea but 1st you need crypto retards buying your ICO token/ coin  .

[Kolder]

I expect massive dumping with massive bounces

lol why massive dumping? You think investors are stupid? there are no free bounty coin, no devs coin until 12 months. There are only FEW investors coin for 12 months..and your prediction is a mass dump? There will be a mass pump and everyone knows about this, the rest is FUD or crying people that have not partecipated to the ICO.

Gnosis investor spotted. But i agree with you that there are no massive dump right after the coin listed to poloniex. They are just making FUD so that they can buy at dump price. I bought some of it but I will sell it once it hits on a exchange. With FUD all over the forum, i think there will be dump to occur.

[DrkLvr_]

Another pointless ether scam token that will NEVER be released. Want to get rich? Start a "zomg supercompooter prediction market" ether token and watch the dumb money roll in

[cryptonia]

The developers of Gnosis are being way too greedy.
They could end up with $12.5m and also own more than 50% od the coins as well.

Gnosis is an open source blockchain project, not a private company.

They can't make it closed source, yet they act as though it is. They need us to secure the network. We don't need them.



https://www.reddit.com/r/ethtrader/comments/64ch1j/gnosis_crowdsale_price/?sort=top

I think that you should change the thread's title to : " Gnosis's greedy investors "
Because the developers aren't to be blaimed here, as the investors agreed to invest at this price. Now if the Gnosis developers wants to be fair, they will give a change to their invostors to sell their stock as it will drop what ever happens.
Now if it is a scam, they will directly dump it, and we will have a new thread in the scam accusation section. And a lot of threads here of people complaining about been scamed by Gnosis.

Fully agree, the investors has a chance to buy the auction with lower price , but they didn't . .

Not correct. No one had a chance to buy at a lower price. Lower prices were only possible if the Auction lasted longer

[testerx]

Don't forget 2 people got 50% of the ICO coins.

So only 2.5% was distributed, leaving 97.5% in the hands of a few major bagholders.

A truly awful way to start a company.

On a positive note, entrepreneurs around the globe just got another taste of how quickly FinTech is taking off and how much money is going in. I don't think we've seen anything yet.

Honestly it's just people who came into a windfall due to the Ethereum price run-up because they got lucky, pretending like they're knowledgeable investors.  The rampant speculation is getting out of control now with these ICOs, where literally 99% of the people contributing money have no idea how any of the stuff they're "investing" in even works and many of them haven't even bothered to read the whitepapers.  Sooner or later they're going to learn why they shouldn't just throw money at every dumbass ICO.

With 96% of the coins to be released onto the open market in a year the price chart of this is going to be a complete joke even if the market itself works.  And what's the point of a prediction market where almost all the tokens are held by the creators?  They'll have to distribute out the remaining coins for it to actually work properly, which means every idiot who bought into this ICO will be diluted into oblivion. 

[Videodrome]

So funny to read all of these  crying people 

C'mon guys low supply- few investors and 12 months of full speculation. A trader dream, price will skyrocket and any smart person how has invested knows about this. No one will sell, GNO is a rare coin and everyone will buy for this reason.

So please continue with your crying posts were GNO is a scam and devs are evil. We like it, it's fun!

[garretthaae]

Don't forget 2 people got 50% of the ICO coins.

So only 2.5% was distributed, leaving 97.5% in the hands of a few major bagholders.

A truly awful way to start a company.

On a positive note, entrepreneurs around the globe just got another taste of how quickly FinTech is taking off and how much money is going in. I don't think we've seen anything yet.

Do you have any evidence of 2 people buying 50% of the ico?

[ShorsHammer]

Futures markets are predicting $75 USD price for Gnosis tokens.

Bollocks

Right here m8: https://www.bitmex.com/app/contract/GNOM17

Bitmex has contracts predicting 0.08 btc currently.