First of all, I would like to state that I am invested in the Firstblood platform through it's ICO and that I own 1ST tokens.
Let's look briefly at firstblood.io source of funding, as stated on
https://www.crunchbase.com/search/funding_rounds/field/organizations/funding_total/firstblood firstblood.io recieved 6.1 millions USD through it's private sale (VC funding round, stated on crunchbase, but I think it was a private sale, correct me if I'm wrong) and 5.5 millions USD through it's ICO. That's 11.6 millions USD total, as you can see on
https://coinmarketcap.com/currencies/firstblood/#charts, as of now the market cap of circulating supply (some concerned have been raised by a reddior about the actual amount, as it was stated by 1ST team that the tokens kept by the company wouldn't be released until the dApp would be fully released and mass adopted; here is the link to the reddit post;
https://www.reddit.com/r/FirstBloodio/comments/7zx149/founder_lockup_transparency/) is 25,113,948 USD, so still above ICO price in term of USD raised, but in term of BTC and ETH, which was raised during the ICO, which EVALUATED MUCH (ETH was around 13 USD, now is 855 USD; BTC was around 600 USD, now is 9660 USD) since the 26th of September, so from historical data from coinmarketcap.com on 28th of september 2016, the 1ST token was worth 0.00025112 BTC and is now worth 0.00003 BTC and went below followed by the Bittrex delisting message on the Bittrex website which is the biggest exchange trading 1ST tokens in term of volume.
Let's take it from there, how did we learn about the 1ST delisting? Through a message directly from Bittrex. No pre-announcement by the team, absolutely no notes or announcements on either the website, discord channel, twitter account, or the dev team blog. Also note, no post or announcements after the delisting from bittrex, members (I am guessing other concerned investors) have tried to reach through the different platform mentioned above to try and talk to the team to wonder what is going on. My feel on firstblood is that so far, it is SOLELY focusing on it's gamer community and absolutely not on it's investors. Great lack of communication concerning financial aspect of the firstblood ecosystem. A dire example of this lack of concern for it's investors, is that the only place where you can basically, talk to the team about concerns, developments, etc. is on their discord channel, and it is strictly forbidden to talk or discuss 1ST token price of any financial aspects, which is in my opinion ridiculous.
We all remember the massive firstblood pump and dump of this summer from June 13th to July 10th, the graph on CMC speaks for itself, when firstblood was paired 1ST/CNY which were subsequently closed due to the china exchange ban. So here is my REAL CONCERN;
Firstblood.io knowing that the chinese government would eventually close its exchange in an undisclosed near future because of Mr. Zhou, who, I think must know finances, being managing partner of a crypto hedge fund;
https://www.crunchbase.com/organization/newblock-capital and founder of
https://www.crunchbase.com/organization/alt-options-llc and stay on top the news, and even private news from exclusive members group, let 1ST main volume go through from 1ST/CNY and on the chinese exchange ban news all chinese whales that pumped the price hard for a month dumped hard in a very coincidental timely fashion with Mr. Zhou travels in China. Raking in thousands of BTC from investors, volume being 71.8 mln is USD daily volume on the hardest day of the pump, BTC being around 2.2k USD. This is pure extrapolation and hypothesis. But market and price manipulation is very very common in the cryptocurrencies ecosystem. And with the NOTORIOUS Firstblood.io radio silence over anything NOT related to gaming tournaments, additional features to the platform or various partnerships. It is really REALLY concerning. I do not think I am the only concerned investor here. We will await an explanation.
