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Author Topic: China ICO hustle  (Read 73 times)
Crypto_lion
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June 06, 2018, 10:51:02 AM
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I came across a new phenoma called the ICO hustle.The new ico's sell a very small quantity of tokens like 10 percent to create artificial demand during the sale and then they pay the fee they received for listing the token directly in Binance which massively inflates the token price.
With the inflated process the team can sell the rest of the tokenss and receieve much higher money than what they could have received in a proper ico.Most people cite Quarkchain as an example.
What do you guys think about it ? This would mean the concept of ico is being misused and already most of ico are getting allocated to VC's and private pre sales.

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June 06, 2018, 07:42:40 PM
 #2

I came across a new phenoma called the ICO hustle.The new ico's sell a very small quantity of tokens like 10 percent to create artificial demand during the sale and then they pay the fee they received for listing the token directly in Binance which massively inflates the token price.
With the inflated process the team can sell the rest of the tokenss and receieve much higher money than what they could have received in a proper ico.Most people cite Quarkchain as an example.
What do you guys think about it ? This would mean the concept of ico is being misused and already most of ico are getting allocated to VC's and private pre sales.
political economy is inseparable from a game, but that there are a positive and negative benefits to the development of token prices, I research a lot about this, for that we must be good at analyzing, my advice for you to learn SWOT analysis, to find a benefit both in bounty and in the prediction of coin prices in the market.
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