devilzero
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https://eloncity.io/
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April 14, 2018, 12:50:57 PM |
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The appearance of a private pool is still an arrangement for the team. In fact, I'm not opposed to doing this. If there is a really strong person to join, I think it is a priority. It doesn't matter much to me. I don't have much investment.
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"You Asked For Change, We Gave You Coins" -- casascius
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Ivo2012
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The best way to predict the future is to invent it
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April 14, 2018, 01:02:21 PM |
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I have nothing against pools for private sales as long as the projects are honestly telling other investors what discounts they gave them. By giving large discounts and not telling other investors they are hurting new investors.
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WINGS Beta is live - List your ICO for only 5000 WINGS at https://wings.ai Over $650 Million raised by ICOs with WINGS since June 2017 |
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madushanperis11
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April 14, 2018, 01:56:09 PM |
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Cryptocurrency is a high risk investment from the beginning. Participating in an ICO brings higher risk than buying in an exchange as you do not know what will happen when the token is released. Private sales is even higher risky business as they impose some rules that you cannot trade them until few months after token release.
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jvper (OP)
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April 26, 2018, 09:05:42 PM
Last edit: April 26, 2018, 09:47:22 PM by jvper |
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I have nothing against pools for private sales as long as the projects are honestly telling other investors what discounts they gave them. By giving large discounts and not telling other investors they are hurting new investors.
That's the main problem of private sales! It is really "private" there fore we don't know what conditions other people are getting in terms of bonuses and vesting schedules for example. When I organize http://cryptowhalespool.org/ pools I am always concerned about this kind of transparency, or lack thereof. |
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ivlvov
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CRYPTASSIST.io
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April 26, 2018, 09:16:54 PM |
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I do not mind the private pool but I think I think for them should be set but the coin purchase limit. That they could not buy more than half of the coins and thus influence the course of the coin. This would be a fair decision for each ICO.
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jvper (OP)
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April 26, 2018, 10:18:36 PM |
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I do not mind the private pool but I think I think for them should be set but the coin purchase limit. That they could not buy more than half of the coins and thus influence the course of the coin. This would be a fair decision for each ICO.
I believe early contributors (private sale participants) should get a bonus but should also be in charge of a bigger commitment. It means they should face a lock-up in my opinion. |
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bratbu
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April 26, 2018, 10:51:01 PM |
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Ever since ICOs became so damn popular and mainstream, pools like the Crypto Whales Pool started pursuing the best presale deals and sometimes they are the only possible way to have access to the best tokens before exchanges. On the other hand, some project deny access to pools. Or at least they claim so. Are you in favor or against pools for private sales? I am against to private sales because i dont want to be unfair to most of the people,its like you are cheating with the other investors.ICO or initial coin offering should be always in public so that your team members are in public and those investors can be sure that you wont be going to cheat in your own signatures,. |
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GoldenLad
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April 26, 2018, 11:35:22 PM |
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I do not mind the private pool but I think I think for them should be set but the coin purchase limit. That they could not buy more than half of the coins and thus influence the course of the coin. This would be a fair decision for each ICO.
Exactly, I personally do not support it in any way. Many private sale I have encountered as given me a bad experience about private. Most developers are using it to scam people, they tell new investors that there is an already conducted sales which will make new investors to rush in to invest. And at the end of the day, it ends up been a scam. |
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Grillo
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April 26, 2018, 11:39:12 PM |
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Nope, they are more than risky. I hear about a lot of people losing hundreds of dollars worth of ETH because of this kind of classic scams, i am never gonna trust my money to a random guy that we do not even know him. Ever since ICOs became so damn popular and mainstream, pools like the Crypto Whales Pool started pursuing the best presale deals and sometimes they are the only possible way to have access to the best tokens before exchanges. On the other hand, some project deny access to pools. Or at least they claim so. Are you in favor or against pools for private sales? |
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maereglapo
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Merit: 10
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April 26, 2018, 11:51:52 PM
Last edit: April 29, 2018, 08:53:12 PM by maereglapo |
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Not really i am against with the private sales because i feel being tortured with the rates of these sale,ICOs shouldnt have private sales, pre-ICO and ICO are enough.Dont rely to these private sales because you might need some KYC verifications with these privileges as we all know our IDs might be leaked or sold to the deepweb which i why we shouldnt be participating these KYC thing.
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Arcoin1
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Merit: 0
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May 02, 2018, 07:05:37 AM |
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Crypto is done in the money world if you need to finally make money and evaluate investments. After all, everyone has a single goal to make money.
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cryptogeek101
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May 02, 2018, 07:17:57 AM |
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Ever since ICOs became so damn popular and mainstream, pools like the Crypto Whales Pool started pursuing the best presale deals and sometimes they are the only possible way to have access to the best tokens before exchanges. On the other hand, some project deny access to pools. Or at least they claim so. Are you in favor or against pools for private sales? Every action we take in life is for a purpose. I cannot say exactly that I am against or in favour because the Crypto Whales pool serves its purpose to the investors. |
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jvper (OP)
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May 02, 2018, 11:13:29 PM |
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Ever since ICOs became so damn popular and mainstream, pools like the Crypto Whales Pool started pursuing the best presale deals and sometimes they are the only possible way to have access to the best tokens before exchanges. On the other hand, some project deny access to pools. Or at least they claim so. Are you in favor or against pools for private sales? Every action we take in life is for a purpose. I cannot say exactly that I am against or in favour because the Crypto Whales pool serves its purpose to the investors. True. Max Weber used to call it "social actions". That's an interesting sociological approach to the topic. |
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jvper (OP)
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May 02, 2018, 11:21:22 PM |
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Nope, they are more than risky. I hear about a lot of people losing hundreds of dollars worth of ETH because of this kind of classic scams, i am never gonna trust my money to a random guy that we do not even know him. Ever since ICOs became so damn popular and mainstream, pools like the Crypto Whales Pool started pursuing the best presale deals and sometimes they are the only possible way to have access to the best tokens before exchanges. On the other hand, some project deny access to pools. Or at least they claim so. Are you in favor or against pools for private sales? You are completely right about being careful. Crypto Whales Pool for example has some reputational guarantees that make bad behaviors more costful to the admin than any benefit from stealing the money. However, many other pools don't have such guarantees. In such cases all you have is a person's word: usually an unknown or even anonymous or pseudonymous person. |
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jvper (OP)
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May 10, 2018, 08:17:21 PM |
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There was a time when ICO was not regulated.
Today, they are regulated a bit and regulation is increasing more and more.
Tomorrow it may be the time of pools regulation. Who knows...?
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jvper (OP)
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May 16, 2018, 06:27:24 PM |
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We are not really given a choice anymore. Most good ico's are not even having a crowdsale and sell out at private sale so the only way in is via pools. pools have become a thing to combat whales taking over ico's.
Go Green!
Yes, I basically agree with you here. By joining forces we can become whales too. That's why our pool is named Crypto Whales Pool. |
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X-avier
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May 16, 2018, 06:32:21 PM |
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Personally, I have never participated in a pool. Perhaps this has its benefits, as with large investments you get a big bonus. But I think that these schemes are bad for the project itself, because there should be as many participants as possible so that the project develops further.
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jvper (OP)
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June 02, 2018, 09:37:01 PM |
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Personally, I have never participated in a pool. Perhaps this has its benefits, as with large investments you get a big bonus. But I think that these schemes are bad for the project itself, because there should be as many participants as possible so that the project develops further.
More participants means more value to the project due to more decentralization. However the pools actually help that happen because they allow lots of people to join projects at higher bonus levels such as whales. |
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jvper (OP)
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June 10, 2018, 09:11:29 PM |
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The appearance of a private pool is still an arrangement for the team. In fact, I'm not opposed to doing this. If there is a really strong person to join, I think it is a priority. It doesn't matter much to me. I don't have much investment.
Private pools didn't exist in the past, but after ICOs became more and more popular, some people decided to join in order to be able to get access to the best deals. |
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Tlongbottom
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June 10, 2018, 09:44:54 PM |
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I think pools in general are a good idea. It allows smaller investors to get better pricing by pulling all of their money together. The downside comes from the potential for scams and dumping after the ICO ends. When bonuses are super high, it lowers the effective price and people that buy later in the sale will get dumped on after the listing. I wouldn’t participate in one, but I’m glad people have the option.
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