too much token issued 1billion .. SMH, another shitcoin
I have to agree that
the Flixxo team did not leave a lot of room for a quick ICO-style 10x profit for us, the investors - too many FLIXX issued and too high price;
it's sad that they want to keep it all and not share profit with early investors. I hope they end up burning a lot of FLIXX in the end, this would solve this over-abundance problem.
That being said, this one might work out in the long term though - they have a superb idea and now they also have the means to make it happen. Certainly not a shitcoin.
Totally Wrong they will only sell 200M, the cap was lower from 300M from concerns to investors, 500M were to be use on the course of 10 Years to be use for Referral, Sharing, and all incentives to get million of users on the platform, if you check page 1 you can get all this info.
200 million FLIXX at around 6 cent per Flixx creates a 12 million$ token off the ICO get go.
As an ICO investor, I am looking for 10X my investment, given the risk I am taking. And I am not the only investor who thinks along these guidelines, unfortunately.
What are the chances that those 200 million FLIXX become worth 60 cents or 120 million $ market cap, in a short period of time (also what I am looking for)? Flixxo would have to be among the first 50 at coin market cap.
Not impossible, but unlikely - it is this unlikeliness that makes me not buy more FLIXX as I think these guys are keeping it all to themselves, not much room for profit for the early investors. They have a great idea but they don't need 12 million $ to make it happen - I see a little greed happening here.
