Tezos - no max cap what will happen?

[Boxxl]

Hi,

The TEZOS ICO doesnt have any max cap.
So they can get so much money..

What happend if they
- sell all coins?
- sell a LOT!
- sell to whales?

Somebody knows what can happen???

[Mr.Joshua]

Quite simply, the developers will become rich and the investors will have worthless inflated tokens.  Probably even cheaper at the exchange than the ICO rate.  The greed of this particular ICO is astonishing.

[papajamba]

And when there's a cap and gets sold out, people start crying that whales ate it all up, small fish didnt stand a chance to buy and the devs are greedy.
No cap and people cry that sky,s the limit and the devs are greedy.
Funny reallly. So choose your poison

[Almeida]

They could ask for pre register of addresses taking place in ICO, then limit those addresses to buy at most some % of total and still make a capped fair ICO this way. Isn't it very simple?

[Lagduf]

Hi,

The TEZOS ICO doesnt have any max cap.
So they can get so much money..

What happend if they
- sell all coins?
- sell a LOT!
- sell to whales?

Somebody knows what can happen???

tezos learned a lot from bancor and they try to grab the more money through the uncapped ico. It looks silly but another record for crowdfunding..

[Lutpin]

Quite simply, the developers will become rich and the investors will have worthless inflated tokens.  Probably even cheaper at the exchange than the ICO rate.  The greed of this particular ICO is astonishing.

Same thing that happened with MGO, eh? Oh wait.

[favila]

Quite simply, the developers will become rich and the investors will have worthless inflated tokens.  Probably even cheaper at the exchange than the ICO rate.  The greed of this particular ICO is astonishing.

Same thing that happened with MGO, eh? Oh wait.

Yeah if anything announcing it will be uncapped from the start disincentivizes coin flippers while bringing in the real investors. I think they will probably get over a $100 million, but their website has plans for how to spend each and every cent up to over $200 million if I remember correctly.

In other words they aren't going to just hoard huge amounts of money for no reason whatsoever.

[bbc.reporter]

If Tezos becomes the biggest in all of the history of ICOs then there is a chance that it might attract too much attention from the regulators. Tim Draper has already said he will be investing in this ICO. So if the amount raised reaches 500 million dollars, dont you think the regulators will start to question it?