what was the ico price?
It was around 37k SAT which is why people are so depressed about the price right now. People don't know pateince....
So you're saying when someone invests and loses 43% of their investment in less than a few weeks, they should continue to be patient as the project founder continually falls short on his promises, doesn't communicate with his investors, censors discussions where people voice concern, and even has the audacity to troll and poke fun at those who supported him?
I think this project is shady as heck. As I mentioned before, if there was more transparency and communication from real team members and not some dude named Twiggy Smile who just posts links to tweets and updates that correlate with the Scorex project they cloned off github, then maybe I could have faith long-term. But as the time passes, it becomes harder for people to have faith.
You really think the price is dropping due to FUD? Or due to bounty dumpers? You can only blame and point fingers at other people for so long. Eventually people will need to face reality. I'm really so frustrated with this project scam I may start my own, and I have no idea where to start, but I know I can do it better (and I'm actually a software developer unlike Sasha). Way better. The Waves project taught us how exactly how not to launch a new cryptocurrency. The only thing they did right was lie their asses off all the way to the bank during the ICO period.
Let's not blame the DAO fallout. Other coins have launched during this time with less funding and done way better. Many other cryptocurrencies are soaring. Waves is actually an anomaly. It keeps going down regardless of which direction the market is going.
Hit the nail on the head with this comment. Lisk is another 10k+ BTC recent ico, so I think it's fair to discuss here. Lisk has "crashed" down to 2.5x ico, largely due to DAO hack crashing ico bull market.
Waves is trading at 0.6x ico. What is the reason for this difference? Both projects are still in the very early stages, where they have barely started investing ico BTC.
Let's compare the 2 approaches:
Lisk:
- ico btc is still 100% untouched, while everything is paid for from team's personal funds
- 100% of ico funds will be transferred to legal non-profit company, to be used in a transparent manner
- CEO communicates very well publicly about what is happening with project. He professionally addresses some of the more convincing criticism/"fud" that pops up on bitcointalk, stackexchange, or even in news articles
- community is re-assured multiple times that their invested funds will be used wisely
- continuous and effective marketing effort since ico period
- full node code was open source for months prior to launch
Waves:
- large chunks of BTC (approximately 5000 BTC) are quickly transferred to exchanges before Waves withdrawals are finished processing, there was no public comment about BTC transfers until after a bunch of people started "fudding" about it
- criticism and convincing FUD is often met with a sarcastic comment, instead of getting addressed, combated, squashed in a professional manner
- marketing effort has left a lot to be desired. The first step in marketing is CEO building trust with community. I think the video chat session was a good start for this.
- community is not confident that their invested funds will be used wisely to grow their investment. Community is not confident to hold for a bright future.
- full node code has not been released publicly
It would be helpful if Waves team started following Lisk and Eth teams' leads on communication and marketing. Building up the confidence of the community is essential.
It's not helpful to just keep making comments like "ignore the fud" or "this is fud, ignore it". Some of what you are labelling as "fud" is convincing and damaging and would be helpful if it was addressed/squashed.
I'm invested in all of the aforementioned projects, so I would love to see all these projects succeeding and feeding off each other.
Well written and fair comparison. Definitely resonate on quite a number of the points you made.
