Another scam, which i know they will not deliver properly + buggy upon launch.
There is nothing scammy about it. They are trying to be fair about. It's amazing the innovation that is happening in this space. People are trying different ideas, and that takes a lot of work!
Why can't devs nowadays stop being greedy and be reasonable. Why not set a very low ICO price so that the investor can be rewarded? But noooo, they have to do that 1btc and price calculation through the amount of ICO sold.
But the price doesn't matter. If it was 1 Satoshi it would just mean more coins.
At the moment they have sold 25 BTC worth. That is the important measure.
It is us who will decide what the project is worth!!!!
Power to the people.
This is decentralisation in a way that does not happen with a stock IPO. IPO's in stocks are either rejected or accepted, and it is an expensive process.
Here we have the beauty of true technology enabled decentralization, and creative minds putting ideas out there.
Now I have not bought any coins , but I appreciate the idea and the use of the technology.
Here's what gonna happen:
ICO ended and the initial price will be too high with unreasonable market cap. The dev will fail to deliver a competent wallet, most probably buggy. People start panic selling, price drop. Just another craigscoin story.