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March 17, 2018, 12:49:49 PM Last edit: March 18, 2018, 09:05:16 AM by rillater |
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If a project devotes a large percentage of tokens to the promotion, should we expect a fall in its price at the end of the ICO?
The greater the percentage dedicated to the bounty, the more people will have tokens that will not have been backed by a real investment, and that will generate strong selling pressure on the token. in this way if the project destines a 30% token to the bounty, we can expect a drop in the token price of at least 30% when it starts to quote. But if ICO also has discounts of large percentages at the beginning of the sale, we can calculate even greater drops.
That's why my investment trick is instead of participating in the ICO, waiting for it to start trading and then buying the discount token. Do you think it's a good idea?
I think the percentage that is dedicated to the bounty can be an indication of whether the project sells for having a good idea or for trying to do a lot of promotion. In fact for me the best projects are the ones that spend less money on promotion.
Do you think the Bounty shows where the project is going?
There are projects that even seem obvious to me that have no basis, I mean those who say that their token is 100% backed, but also offer a generous Bounty, if to me as an investor you tell me that every token I bought for 1 $ is backed with $ 1, how can you offer a 30% reward in a bounty? I do not get the numbers.
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