Exactly my concern too, ICO investors getting Incent and selling it back right to the market. Thoughts?
Pawn Shops exist and are full of grandma's wedding rings and dad's rifles... Plus it's tax time in the US.
People sell for all sorts of reasons. Point is we are above initial ICO price now.
What i meant is the ICO investors for the upcoming MobileGo.
Ah got ya' Had to go back and read through what you replied to.
Well sthat Incent will be purchased off the exchange at market (NO?! That's important to know) , if so itrobably won't do anything other than drive the price up, attracting more investors.
If they sell 10 million Mobile go that should be 50k Incent that needs to be purchased which is about 5 btc right now. (Anyone feel free to correct how it's going to work or my math.)
I might be understanding how it's working incorrectly.
The better question is will those Incent tokens be bought off the open market, IE: Bittrex and/or the Waves Dex or have they already been purchased.
I think it is USD$50k, which means 50 BTC will be used to buy Incent directly. Like i said, it was just a concern that when investors got their incent token, they would dump right back to the market. But we'll see how it develops. And yeah, would like to know which exchange would be used for the direct purchase from MobileGo ICO.
There will definitely be people holding on to their Incent or some who forget about it, same as with traditional loyalty programs. Our goal is to convert as many MobileGo investors to Incent holders as possible.
I'll have a talk with Pete this week and will clarify the latest open points with him. Until then, stay tuned and get your Bitcoins ready for MobileGo's ICO
