I think that the ICO has the right price. If they sell it too cheap, then the coin will be dumped in the first days.
Nobody forces you to buy it. But when the price hits the moon don't come here and cry.
I will be ready to buy some in monday.
Only the early birds get the worm.
Do you have any math or logic or history behind your above claim?? IPO's/ICO's should be fairly priced and its main purpose should be for a vast distribution.
With an insane valuation, not many investors would step in.. This means lower distribution which in turn means instant dumps and failure of the coin.
I am not trying to bring the coin down.. It looks like a nice project and the devs have done their homework in putting up a project plan.
Just don't want this to fail because of someone's greed and stupidity... They should eye at long term profits and not short term BTC's. It'll never hit the moon unless its a long term thingi.
They are looking for a 500BTC marketcap, it's not a insane valuation. I think is a real valuation, look at coinmarketcap: GUE, VOOT, BOOST...
If they setup a cheap price, sellers will dump soon and the coin will probably die. You always have to look for a fair price for miners and investors if you desire the success for the coin.
As they sais, un sold coins will be destroyed, so I don't see the problem. If nobody buy IPO, this will be a 100% pow coin, if somebody decide to buy at this price good for him. Why thats mean lower distribution? not at all... Everybody has the choice: free share, invest, mine. Or the three things like me.