RE: Which Cryptocurrency Projects Are You Supporting and Why?
Taas seemed pretty sketchy to me when I looked at it, so I didn't end up contributing. Big question that I couldn't find an answer to: where does the remaining 25% go? They say 50% of trading profits go back to investors, 25% purchase more assets, but never mention the last 25%.
My conclusion, because they didn't offer me any reason to believe otherwise, is that they're going to be effectively charging a 25% management fee.
That, and they have that clause in their ToS that says that the crowdsale isn't open to US citizens - of which I am one. I know that's mostly just a formality, but since I didn't feel good about the project in the first place, it gave me one more reason to step out.
I'm intrigued by Lunyr, which has a very well-priced crowdsale happening right now. They haven't hit their minimum yet with just 10 days to go, but their Ethereum smart contract apparently refunds all the money if they don't hit the minimum.
And I'll also almost certainly participate with Gnosis.
Hmm it's shown in the main page?
They're going live on two exchanges right after ico too so that's alright ;)
Hmm Lunyr.. seems too niche atm but may grow to have more participants in the future, although I'm not sure if there are any projects out that that would include something like this as a subset of their activities. Just didn't seem like something whole to me hmm.. but gonna look into it again!
What's your take on the reverse auction? Almost guaranteed to be done by 1st day anyway.. unless if the price is crazy high.. has it been decided?
Taas - I'm not talking about ICO funds, I'm talking about ongoing trading profits.
Auction - I agree, it's going to end crazy early. It's a smart move on their part for sure, but I need to think more about whether I approve of the auction mechanism itself from a game-theoretic perspective. There's something about it that feels almost gimmicky, but I really need to work it out. I won't make the mistake I made with Cosmos: "oh, surely it'll last at least 2 hours." Oops.
My thought with Lunyr is that it's the kind of project that could attract a huge amount of buzz and create something really wonderful. Wikipedia is already essentially distributed, why not put it on something that looks like a blockchain?
Ah that one:
Just put a lil on Lunyr - it's interesting indeed.. wonder why it's pretty low
Glad you showed me that bit from Taas. My suspicions are confirmed. :)
We'll see about Lunyr. I like the sound of it, and the crowdsale terms are great, but I wonder whether it should worry me that they're not collecting much money.