I was going to invest in this ICO because I think its very innovative however when I noticed how many millions was getting invested I decided to back off because in my opinion, its over-invested at the moment and will be difficult to profit off in the future.
I think it would be better to buy once it hits the exchange since there might be a sudden dump and then you can get in at a good price.
But since everybody already invested in this ICO means there's very little profit for everyone. Congrats to the developers. Good job.
As you can see by the development plan, it's still not quite to 50% of the main goal. LaborX will be developed anyway, of course, just pointing that out. As it has also been pointed out, unlike prior ICO projects, the total coins to ever exist here will be well under 600,000 total, with 0 inflation ever. No more will ever be created after initial distribution. This differs greatly from prior ICO projects with 10 to 100 million total coins, and inflation.
Throw in the fact that 12% of the total supply will be locked up for months, and the fact that the VC firm that invested has no interest in selling anytime soon, the actual numbers available on the exchanges will be
very tiny indeed.