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March 26, 2018, 08:11:20 PM |
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In this post or thread I am bear my opinion on some happenings in the cryptoverse one of which I term the token issue fraud.
While the name may not mean much but it's just my opinion.
The deal is simple. We are shouting and chanting decentralisation but we see ICOs which are pushing to us elements of centralization.
A project which intends to carry out a token sale event with total supply of like 100,000,000 tokens will only issue like 40% to the public. The hold the larger part with the excuse of distributions to team n advisers n consultant n partners etc.
This is unacceptable. If they are so sure of the project, why not hold little share of the tokens?
I see it as fraud.
How do you see it?
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