Shut up and take all my money

in #crypto8 years ago

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TokenCard opened its doors for people to deposit money in their cards. People put 10m in 20 minutes.
I find this very promising. The crypto currencies are now becoming main stream! Now as far as I understand this was not company shares or other promises. People putting money in their 'credit card contracts'. Yet this means that such kind of money is being put and 'trusted' in the idea..

Gnosis team used this craze very effectively by utilizing a reverse dutch auction. Which is basically just put something at a high price. If anyone buys it that is great. If nobody buys reduce the price. They could sell a fraction of the company for a big price. Gnosis explicitly stated in their ico call that investing early does not gain anything. Also on Reddit people warned about it. Yet crypto world just said 'shut up and take all my money'. People was upset to find that out but yet after the token is tradable on exchanges, the token actually increased in value. Which is perplexing.

Melonport was one of the fastest. They got 227000 ETH in 10 minutes.

Looks like finance related projects are quickly funded.

The DAO was the biggest of them all, 130 m. With the biggest controversy of course.

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Nice blog. I was about to post a similair thread. I've been asking myself. How many people really do a proper background check before seriously investing in an ICO? Does anyone know about: https://www.coincheckup.com An amazing crypto research site. They researched every single crypto out there. This is truly great.