Please, I have 2 questions:
1) How can I join slack channel? Link seems to be unavailable.
2) Where can I read more about red pulse and how it will affect NEO?
Thanks!
1) I think you can best ask somewhere in the NEO Reddit as there should be enough developers there who know the new link:
https://www.reddit.com/r/NEO/2) I suppose you are probably best of at the Red Pulse website itself by reading the whitepaper:
https://coin.red-pulse.com/ICOs will likely affect NEO positively like it generally has done with Ethereum. ICOs have the tendency to not immediately flood the market. In that sense if there are many ICOs involving NEO, then a lot of NEO will locked up and only occasionally sold. This implies a lowered supply and thus a higher NEO price.
Disagree. Most projects and investors (speculators) will dump their coins as soon as the ICO completed. Read this article about the ICO king - Ethereum:
https://steemit.com/cryptocurrency/@calaber24p/we-are-seeing-the-effect-of-icos-on-the-ethereum-priceFirst ICO on NEO platform!
With NEO supporters, enthusiasts, expert investors, etc. etc., Red Pulse could have targeted much more higher ICO cap but it seems they are not just after the money.
To be noted that they an existing company with a working product operating over 2 years in China with good clientele base.
Fact states that NEO 24 hour volume capacity has gone over $448,000,000.00
So, even if red pulse decides to sell $15,000,000.00 worth of NEO at once after ICO, it would be like removing one bucket of water from an international standard capacity swimming pool.
From the beginning of pre sale to the end of ICO, for a month, the value of NEO should rise proportionately as over 400,000 NEO will be locked.
So, we might not even feel the inflation.
Short term investors and weak hands might sell the red pulse tokens but that effects the value of red pulse and not NEO.
Why take TenX (PAY) as an example from the post when there are much more better examples available.
Moreover the catch here is this ICO being the first will determine the caliber and potential of NEO to a certain extent.
This for sure will boost the confidence of existing mass and will attract new ones and so will the adoption increase simultaneously will follow the hike in NEO price.
On the other hand if the NEO price continue falling down at the current moment, this will have an adverse effect on Red Pulse I believe.
If Neo rate is $20 one hour before the pre-sale, then:
$10,000 purchase limit per buyer in pre sale @ 20 per NEO = 500 NEO spent
1000 red pulse token per NEO = 500,000 repulse tokens issued
40% bonus added = Total 700,000 red pulse tokens issued to per buyer for investing $10,000
100 buyers meaning total 70,000,0000 red pulse tokens sold in pre-sale which is only 6.6666667% of the total supply
So, total supply should reach somewhere around 1,050,000,000.00 which is not good for red pulse project. High circulating and total supply will limit the increase in value of the token resulting in lower profits and advantages than expected or projected.
ICO token issuance numbers may change as per the exact rates at them time of ICO but the pre-sale sold token numbers would be way higher if NEO price increases at the time of ICO.
So, the price of NEO should not be low for these few days for the betterment of both NEO and red pulse.
But from the other angle, if am one of the lucky winners to participate in the pre sale then I don’t mind
and this fall in NEO price was indeed a good opportunity to buy some more NEOs.
Disclaimer: This is not a financial advise and I am not your financial advisor. Please do you own due diligence.
Received an official email from red pulse that i was not one of 100 lucky ones to participate in pre-sale
.
But glad that the NEO rate was good enough to limit the circulating supply of RPX.
More glad that the first ICO on NEO platform has started.
