Question (see also:
https://www.reddit.com/r/Peerplays/comments/69ont1/crowdfunding/)
Today 9th May (4 days to go to the end of the Tier) we are only at 65.83% of the first tier.
If this ICO is honest, I think it is safe to assume that it will almost surely not reach the desired 5mil$.
So, what happens exactly if not all tiers are completed?
Possibility 1: Out of the 950.000 tokens distributed in this ICO, those that are not bought are burned.
Possibility 2: All 950.000 tokes are distributed anyway to those who participated to the ICO
(effectively reducing the price of 5$/token).
For example, if only the first tier is completed (5$/token for a total of 200.000 tokes), then all 950.000 tokes
are distributed to those who participated (proportionally), basically giving away the 950.000 tokes at about 1.25%.
I tried to have a look at
http://www.peerplays.com/docs/Peerplays_Bulletin-Feb_2017.pdfBut doesn't seem to consider the possibility of not reaching the goal of 5mil$.
Please answer.
I like the project, but this ICO is very poorly advertized and promoted on the web.
I'd like also to mention that:
1) the reddit page is almost dead.
2) the webchat "
https://peerplays.chat/" does not allow me to register ('wrong domain' error?)
3) this thread had very few questions and activity.
this seems a bit suspicious assuming that Peerplays aims at promoting a new gambling platform (and has already
accumulated significant money from previous pre-ICOs).
Please provide some explanations, I'm very interested and I'm still considering investing on this project.
I appreciate the attempt at analysis of some kind.. but so many of these questions have already been answered many times over in many places. We also are available online to answer questions all the time. All you have to do is ask. Regardless, lets answer some of the questions here:
So, what happens exactly if not all tiers are completed?
Possibility 1: Out of the 950.000 tokens distributed in this ICO, those that are not bought are burned.
Possibility 2: All 950.000 tokes are distributed anyway to those who participated to the ICO
(effectively reducing the price of 5$/token).
For example, if only the first tier is completed (5$/token for a total of 200.000 tokes), then all 950.000 tokes
are distributed to those who participated (proportionally), basically giving away the 950.000 tokes at about 1.25%.
Asked time and again... and we have said time and again the remaining tokens simply will be unminted.
Please answer.
I like the project, but this ICO is very poorly advertized and promoted on the web.
I'd like also to mention that:
1) the reddit page is almost dead.
2) the webchat "
https://peerplays.chat/" does not allow me to register ('wrong domain' error?)
3) this thread had very few questions and activity.
this seems a bit suspicious assuming that Peerplays aims at promoting a new gambling platform (and has already
accumulated significant money from previous pre-ICOs).
Please provide some explanations, I'm very interested and I'm still considering investing on this project.
I looked for a question but saw none. Just observations of anything that could be cast in a negative light. Regardless of a reddit channel we never gained traction in, or a few chat channels that you had some trouble with or don't have a lot of activity in because there is more activity elsewhere, or a bitcointalk thread that we paid little attention too because we were engaged directly with people asking us questions... we have a working profit sharing gaming platform blockchain which launches in just over two weeks with or without some people.
If you're interest is in this bitcointalk thread you can go back to the beginnings where people couldn't understand how their $2-$3 'priced too high' presale tokens started trading at $10 then $20 then $30 nd ending at $42 each in less than six months. How we skyrocketed to #9 in Coinmarketcap in the end.
I highly recommend once again for anybody who wants the facts and want to really know what is going on to simply sign up on Telegram @Peerplays.. we have an awesome community forming and now have as of writing this 244 members.
