If 80k MZI per ETH is sold during August ICO (if the price of ETH remains similar, then it will be still ~$0.02 per MZI), I fail to understand why the price of MZI trading at exchanges will not be capped below that, or even if it increases to more that @0.02 in the exchanges in the mean time, when ICO starts during August, it will crash back down to between 1c and 2c.
The only solution to above if MZI ICO during August looks at exchange prices and bumps up adjusts the ICO price accordingly.
Can I get a clarification on this? Thanks
It is on there Homepage and in the FAQ that the Ico in August will be adjusted.
Quote FAQ:
How much will MZI cost in August?
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We dont know the market will decide! While we have used base prices on the website and whitepaper for illustrative purposes, this is subject to change and the eventual cost of MZI during the main Sale will be based upon the cost of MZI at exchanges at that time.
Why allow trading before August main Sale?
Wont the main Sale crash the price on exchanges?
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We dont think so. We anticipate the awareness and popularity of the Moozicore service will both maintain demand on exchanges and tie up a lot of MZI within the app. As the popularity of Moozicore increases - with more and more venues signing up and users downloading the app - an increasing volume of MZI will be held and used inside the app, ensuring upward pressure on price at exchanges is maintained.