I think it's a solid overall idea but the initial coin distribution could be a lot better, which is probably the only thing keeping me out
Not enough of the total stake was allocated for the ICO
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I think it's a solid overall idea but the initial coin distribution could be a lot better, which is probably the only thing keeping me out
Not enough of the total stake was allocated for the ICO
Well that brings about an interesting point that I was going to write about a little bit later today. That point being that the tokens NOT allocated in the ICO will be axed, unminted, killed! Which means that scarcity is driven up, and that only means good things for the token holders. Scarcity = more demand = higher prices. The less tokens in existence would (I think) mean that a larger chunk of the fees that're distributed to holders every 24 hours would also increase.
I think they're simply treading lightly when it comes ot publicity, advertising, etc. They have to distance themselves from the project to a degree, as it's a very grey area at this point in time.
I admit I only found a pie chart of the distribution somewhere on a medium article and it looked like only 11% of the total tokens were available on the ICO
So even if they burn the unsold ones, it wouldn't represent a large proportion of the total supply. I'm not 100% on my facts, so I do apologize if they're not accurate, I don't want to fud unnecessarily
That being said I think the project itself is fairly promising.
Have you been following the thread on bitcointalk?
not at all, there are too many projects to keep up with haha
Yup, tons of projects out there. Here's the thread, I suggest you read into it: https://bitcointalk.org/index.php?topic=1462351.0
If you read that thread or search for specific points that you're wondering or skeptical about, you'll see that a few of your assumptions are inaccurate. If you read and let them dispel themselves, I think that you'd be much more confident in the project! Good luck!