Bitfinex IEO "RingX"

[LazerPanther]

The IEO was successful and the price was 3.5 times higher than the IEO price. I am not too surprised at this price because they only sell $ 50k to IEO and it is really too little

[1714691300]

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[1714691300]

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[1714691300]

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[X-ray]

This is just a part of public sale of Ringx tokens. They plan to sell a total of 150million Ringx token through private and public sells according to their Whitepaper. The prices could be different on private sells. The 150 million tokes is still just 30% of the total supply of 500 million tokens. 70% of which are going to team and advisor and marketing.

So this is only the first sale on Bitfinex with a small allocation, then when will the private sale begin? is their marketing good enough to do marketing compared to IEO which is quite better than the sale?

This is not the first sale and bitfinex was also doing several token sales in the past and one of these sales called ultra token which has already listed on CMC too.

There was no different between the sale and the only different on the name of token sale.

[r32godzilla]

It is another utility token that will be used as loyalty points, why would you buy something, that you can receive for free? It doesn´t make me sense. And investing 1000USD to try the luck, doesn´t seem convincing.

[bgaf]

The IEO was successful and the price was 3.5 times higher than the IEO price. I am not too surprised at this price because they only sell $ 50k to IEO and it is really too little

It all time high reaches up to 7.6x according ico drops. This is really a huge profits for those who manage to invest during its sale few days ago. Right now its on 4x price and still high compared to ieo sale price.

It is another utility token that will be used as loyalty points, why would you buy something, that you can receive for free? It doesn´t make me sense. And investing 1000USD to try the luck, doesn´t seem convincing.

It still not convincing? They bought it for trading and profits. The trading price now is 4x so if you invest 1k usd its become 4k usd now. So which part does not make any sense?

[poodle63]

It is another utility token that will be used as loyalty points, why would you buy something, that you can receive for free? It doesn´t make me sense. And investing 1000USD to try the luck, doesn´t seem convincing.

Ringx has already reached its hardcap and it looks like most people who have invested in ringx just used it as a way to speculate for the price. You have been saying the correct point about that but it looks like people are still betting on it

[Zazzu]

The IEO was successful and the price was 3.5 times higher than the IEO price. I am not too surprised at this price because they only sell $ 50k to IEO and it is really too little

It all time high reaches up to 7.6x according ico drops. This is really a huge profits for those who manage to invest during its sale few days ago. Right now its on 4x price and still high compared to ieo sale price.

It is another utility token that will be used as loyalty points, why would you buy something, that you can receive for free? It doesn´t make me sense. And investing 1000USD to try the luck, doesn´t seem convincing.

It still not convincing? They bought it for trading and profits. The trading price now is 4x so if you invest 1k usd its become 4k usd now. So which part does not make any sense?

But only $ 50k is sold to IEO, so there won't be too many investors getting a profit from it. And I don't understand why they implemented IEO with such a low goal

[Moeda]

Token Price: $0.08
Token Sale Goal: 50,000 USD
Maximum Purchase: 1,000 USD
Accepted currency: USDt

Yes. This is a very fast IEO token sales process. They only give one day's time, and tokens are sold within hours.
Token Sale Start Time: 06-16-2020 16:00:00
Token Sale End Time: 06-17-2020 16:00:00

The current price is 0.38630 USD
This is something extraordinary. The increase in prices is quite high.

[chanc3r]

Token Price: $0.08
Token Sale Goal: 50,000 USD
Maximum Purchase: 1,000 USD
Accepted currency: USDt

Yes. This is a very fast IEO token sales process. They only give one day's time, and tokens are sold within hours.
Token Sale Start Time: 06-16-2020 16:00:00
Token Sale End Time: 06-17-2020 16:00:00

The current price is 0.38630 USD
This is something extraordinary. The increase in prices is quite high.

it caused by ringx is wanna getting small money or it can be considered as a requirement only to be listed on bitfinex. I could say this will be a short term value but based the old projects were also getting the funds from bitfinex and it will be going back to the initial price for longer.

[michellee]

I think that can be another way for people to make more money from the token

As long as people can profit from the project, that will attract more people to use the token. I think Bitfinex wants to expand its exchange by making an IEO like Binance and the other exchanges. If that succeeds, I think Bitfinex will launch another IEO in their exchanges, and that means more profit that Bitfinex can get from the people.

[joshua123]

For me its easy to manipulate going to that price. If you think about it, the supply offered on the IEO is very small and even a group of 50 people can do a manipulaiton here buy buying their own token at their desire price. But for me, why let other people do it. Probably Bitfinex staged this to be like that but those 50k usd were already sold out before the sale started.

They trying to gain more attention using the project ringX. Now next many IEO will be conducted on Bitfinex because of this news of 7x price of ringX trading.

[Moeda]

Token Price: $0.08
Token Sale Goal: 50,000 USD
Maximum Purchase: 1,000 USD
Accepted currency: USDt

Yes. This is a very fast IEO token sales process. They only give one day's time, and tokens are sold within hours.
Token Sale Start Time: 06-16-2020 16:00:00
Token Sale End Time: 06-17-2020 16:00:00

The current price is 0.38630 USD
This is something extraordinary. The increase in prices is quite high.

it caused by ringx is wanna getting small money or it can be considered as a requirement only to be listed on bitfinex. I could say this will be a short term value but based the old projects were also getting the funds from bitfinex and it will be going back to the initial price for longer.

Is this just engineering to get a lot of attention, and take advantage, then they leave with the benefits they get.
Yes, indeed the amount of $ 50K is not a big value for crypto, because there are many other projects that generate millions of dollars in a matter of hours.
If we look at the initial listing of this project up to now, prices have risen hundreds of percent.

[poodle63]

This is just a part of public sale of Ringx tokens. They plan to sell a total of 150million Ringx token through private and public sells according to their Whitepaper. The prices could be different on private sells. The 150 million tokes is still just 30% of the total supply of 500 million tokens. 70% of which are going to team and advisor and marketing.

So this is only the first sale on Bitfinex with a small allocation, then when will the private sale begin? is their marketing good enough to do marketing compared to IEO which is quite better than the sale?

That's not the first sale on bitfinex. I remember bitfinex was doing some crowdsale too. there will be no private sale as the coin has already traded on bitfinex and investors have been making very good ROI from there.

[Mister.Satan]

This is just a part of public sale of Ringx tokens. They plan to sell a total of 150million Ringx token through private and public sells according to their Whitepaper. The prices could be different on private sells. The 150 million tokes is still just 30% of the total supply of 500 million tokens. 70% of which are going to team and advisor and marketing.

So this is only the first sale on Bitfinex with a small allocation, then when will the private sale begin? is their marketing good enough to do marketing compared to IEO which is quite better than the sale?

That's not the first sale on bitfinex. I remember bitfinex was doing some crowdsale too. there will be no private sale as the coin has already traded on bitfinex and investors have been making very good ROI from there.

Well, it doing well so far but that is very understandable for such a low number of the initial sales. The ROI for anyone invested in the beginning is good too but I still have my doubt since $50,000 is a very easy amount to manipulate if you want.

[Deeshawn]

Don't be too sure, you are not among the team, neither one of their investors, sometimes mere analysis leads to loss of funds, if you feel like investing in the project, please do with any money you can afford to lose, don't dare invest all your life savings due to having too much hope in the project. Remember crypto space is unpredictable.

[southerngentuk]

This is just a part of public sale of Ringx tokens. They plan to sell a total of 150million Ringx token through private and public sells according to their Whitepaper. The prices could be different on private sells. The 150 million tokes is still just 30% of the total supply of 500 million tokens. 70% of which are going to team and advisor and marketing.

So this is only the first sale on Bitfinex with a small allocation, then when will the private sale begin? is their marketing good enough to do marketing compared to IEO which is quite better than the sale?

That's not the first sale on bitfinex. I remember bitfinex was doing some crowdsale too. there will be no private sale as the coin has already traded on bitfinex and investors have been making very good ROI from there.

I remember they did IEO 1-2 times in 2019. But it doesn't bring too much profit to investors. The ROI of the first project was only 1.5X and a lot of people were disappointed with it

[Smitty Werben Man Jensen]

IEO is only held for 1 day and it's really beyond my expectations,
I think Bitfinex will need a few days to be able to sell all RingX, too bad I missed