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RE: SkinCoin: What is SkinCoin and its vital role in esports
So I just checked their white paper out, and theres a few things that bothered me.
There was a lot of grammatical errors, which doesn't look very professional. (Although I noticed they're mainly Russian and English is more than likely not their first language.
They are asking up to 100,000 eth. That is over 30million dollars. The minimum being 5000, why is there such a big difference? If it was lets say maybe up to 25,000 eh I would gladly invest my money into it, as I know how big the gaming community is and how they will be one of the first groups to adopt crypto currency. But the numbers look fishy to me, and to an extent looks like a scam.
$30 million is not that big if you compare it to MobileGo's ICO, also a coin for gaming (mobile), which was able to raise $54 million. Also it is just the limit, the coin will be used and developed even if the ICO will not reach its maximum funding. And if you are doubting and that they will run away with your money, try to visit/research the projects that they have already done. Maybe you can decide it after, whether to trust them or not.
thanks for the reply, I'm definitely interested in the ICO but the numbers just seemed sketchy too me. How do I check their previous work? Any that stand out?