Bitfinex IEO "RingX"

[bgaf]

Project details:
RingX IEO starts on Bitfinex on June 16, 12:00 UTC.

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

https://tokensales.bitfinex.com/ringx

Source: ICOdrops

Another IEO of Bitfinex, and the supply is so tight. They are selling less than 1million token to be able to achieve 50k usd. For me thats an easy goal and probably will take only less than minutes before it got filled up. I am not sure why they now started IEO process but I am sure that this will have a good trading price once started cause we all know Bitfinex has almost same caliber of Binance if you compared their market volume trades. What are your thoughts on this?

[1713568500]

1713568500

[thanhloancvn]

$ 50K is not that big. However, the sale of tokens limited to $ 50K is probably a very small volumm. What will they develop next with that $ 50K?

[bussybuddy]

$ 50K is not that big. However, the sale of tokens limited to $ 50K is probably a very small volumm. What will they develop next with that $ 50K?

I also do not understand why they set goals with $ 50k, it is really too low to make investors excited. And I believe its price will not increase too much after being listed at this exchange

[Greatdev]

That is incredibly low target, I don't understand, is this for project development or for listing on bitfinex exchange? Also this is the first time I'm hearing about this ringx, only very limited people will be able to get their hand in the token, IEO with 50k worth of tokens will end in seconds

[irixo10]

$50,000 that is very low when compared to what other platforms do achieve from IEO on other exchanges. Maybe it could be that they have already generated some funds from private investors and so on then going for IEO to complete it, only the team knows the best. However, I think with Bitfinex being one of the best exchanges, they will easily hit the target. Also, In my own opinion, I think for them to accept this project it might also be a reputed one, nevertheless will do my findings.

[Raflesia]

Bitfinex is a large stock exchange. For example, a maximum purchase of 1000 USD means only 50 people if their purchase is 1000USD, maybe this will be a struggle for investors and already know the real Ringx project, but have not seen the purpose of this RingX project and what products they feature from the project themselves.

And like it would be a good project if selling very little on Bitfinex would certainly be an instant sale.

[Pffrt]

$ 50K is not that big. However, the sale of tokens limited to $ 50K is probably a very small volumm. What will they develop next with that $ 50K?

They are going to develop a platform according to the details for bitfinex. I don't think they need a huge sum to develop such a platform. That's why the goal is too low. However, I don't think this is kind of gem to have an eye there. It's just another piece of shit project.

[killerfrost]

This is my first time seeing an IEO with such a low goal, and there will certainly be very few people who can buy this IEO and its price will probably be inflated very high because the supply is very limited.

[Pffrt]

This is my first time seeing an IEO with such a low goal, and there will certainly be very few people who can buy this IEO and its price will probably be inflated very high because the supply is very limited.

Total supply is 500 million or 500000000 RINGX from which 30% will be available for token sale or total of 150 million. I don't think the supply is too low although there will be one year lock up period. Initially, the price may pump significantly due to the low supply in the market, however, it will be followed by huge deflation.

[Iyeman]

$ 50K is not that big. However, the sale of tokens limited to $ 50K is probably a very small volumm. What will they develop next with that $ 50K?

I also do not understand why they set goals with $ 50k, it is really too low to make investors excited. And I believe its price will not increase too much after being listed at this exchange

that is only a requirement to be listed on bitfinex. Sometimes the project didn't wanna get a lot of money caused by they have enough experience to developer a good project. You can even find some old projects too were doing the same thing like that.

[Yaunfitda]

For average investors, $1k is huge already, and I don't think that you can easily scoop this RingX token. As it is going to be very tight and for sure, whales will be in the fore front again. Yes, this could be sold out in less than a minutes.

But what is scary is after that, I don't think it will be sustainable. Once the price swings in the next couple of days, there could be a huge dump, which we have seen in most top tier supported IEO. Even Binance have delisted most of their above performing IEO's in 2019. So this might have the same fate.

[LazerPanther]

Well, only 50 people can participate in this IEO, it's too hard for us to succeed with this IEO because their goals are too low. Btw never fomo it when it is listed at the exchange, the price will certainly be pumped up but will quickly collapse soon

[nancy]

I bought a bit of usdt from my bank card there to participate there. Hoping for 20% roe or bigger

[Jating]

Thanks for the share, but I will pass this out, not a whale here, just some casual trader. But the thing is that there is a lot of hype with this, specially launching at Bitfinex. And I bet that will be "gone in 60 seconds", as many are really waiting for this IEO.

I haven't check the full details, but for sure, Bitfinex has done its due diligence before allowing it to get launch on their platform. But it doesn't mean this could be "successful", it could also be an instrument for the classic pump and dump by some shady people behind.

[electronicash]

didn't read the whole website but it doesn't sound like its an interesting project. whales might still be there for profit as usual. for a project to have IEO in a reputable exchange, its still going to be attractive for whales, its what will happen after that will be a mess. its $0.08 but after it, it might just drop to less than $0.01. bitfinex must have gotten huge amount of ringx token ready before whales could even sell.

[alisonwonder]

I bought a bit of usdt from my bank card there to participate there. Hoping for 20% roe or bigger

There are many people waiting for this IEO, but their hardcap is too low compared to everyone's expectations. Their hardcap is only $ 50k and only for the 50 luckiest people. Hope you can become one of those lucky people

many successful IEOs from Bitfinex exchanges but you can see how the results of IEO when entered at the exchange, and my advice if you still have some capital that is not too used then you can enter and participate in IEO so that when IEO is successful then you can get fortunately without missing it.

[Tipstar]

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.

[bassbity]

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?

[bgaf]

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.

Really only a part of a major sale? Can you share the details of this statement from yours.

Sorry I did not include this on my post cause I am not aware with the details of the public sale as these info are the only available on their announcement page. Based on the schedule it should be done already. Im not gonna wonder if this is a completed sale due to very low supply available for this IEO.

[AmoreJaz]

$ 50K is not that big. However, the sale of tokens limited to $ 50K is probably a very small volumm. What will they develop next with that $ 50K?

I also do not understand why they set goals with $ 50k, it is really too low to make investors excited. And I believe its price will not increase too much after being listed at this exchange

$50 K is only used as a venue to register their Tokens on bitfinex because I'm sure project from Korean must already have investors who got from seed funding and this was previously the case with Dkargo project and has been listed on Upbit Asia, the project also came from Korean.

everyone is saying that their goal is low, whereas on the other side, if the project wants to raise millions of dollars -everyone will bash why the need of such huge amount!
it is better that they will start small and accomplish something, before they will do another token sale. because if the project has something to offer to the community, at least investors will be interested to take a second look on their project.