Crazy ICO of Monaco
Most of ICO know how to eat Investor Money..................................
Latest Example .................
yesterday Monaco launched on Bittrex platform on higher price i.e 1.9 BTC per coin as a result biggest downfall in few hour..
As per my opinion price most go from down to up.......
It cannot work in any other way. It happens when things are too centralized we can clearly take gold for an example its a rare material but very centralized and for that reason makes it less valuable.
yes it will not work and investor must see all aspect before investing
Many of the now popular coins have never had a pre sale. EOS has a ico soon and the total supply will be 1 billion. You think they will get any investor crazy enough to show up for that?
If the do we must re evaluate altcoins.
Block.one set a long fundraising window — 341 days — in an attempt to counter this flash-raise phenomenon, the company said. It’s unclear whether that long window did anything to relax investor enthusiasm. So far the company has sold 20 percent of a total 1 billion EOS tokens being distributed.
Oh ok so its clearly started. Well stupid people should not have that much money anyway.