Ark.io is running an ICO now and already raised $1 million with another ~3 weeks to go, but they are not even promising how much of the premine the ICO participants will get:
https://ark.io/ARK-TEC-Agreement.pdfNor are they limiting the amount of funds raised, thus the initial value of the market cap required in order for those ICO investors to even exit break even.
Why would anyone invest under such horrible terms? What are these speculators thinking?
(I hope somebody is going to put an end to this nonsense soon! and all those who bought these scamcoins are going to observe their tokens become worthless! That is my hope.)
Well good to see that 4 days hence, they still only raised about $1.1 million. So perhaps this ICO will fail to meet the threshold, which would be a good middle finger to these bullshitters.
