Read on Twitter
Sifchain's recent move is good sentiment; i explain:
1/
what they did:
• raised starting auction price to $0.30,
• put a bonding curve in place (that will cause the price to rise as people buy, and price to fall (as tokens are added every hour) if no one buys. https://twitter.com/leifengcrypto/status/1352468496827904000
1/
what they did:
• raised starting auction price to $0.30,
• put a bonding curve in place (that will cause the price to rise as people buy, and price to fall (as tokens are added every hour) if no one buys. https://twitter.com/leifengcrypto/status/1352468496827904000
2/
why they did it:
• the team did this (i.e. raised the starting price) in response to "demand" from the forms people filled up.
• why raise prices? the simplest explanation: to capitalize on demand i.e. "we want more money".
why they did it:
• the team did this (i.e. raised the starting price) in response to "demand" from the forms people filled up.
• why raise prices? the simplest explanation: to capitalize on demand i.e. "we want more money".
3/
what about the bonding curve:
• it is a means to allow them to save face should the new 30 cent price flop.
• imagine the PR if they raise the price 10x (to 30 cents) and the demand fell by 90%; if this were to happen the bonding curve would take over to reduce prices...
what about the bonding curve:
• it is a means to allow them to save face should the new 30 cent price flop.
• imagine the PR if they raise the price 10x (to 30 cents) and the demand fell by 90%; if this were to happen the bonding curve would take over to reduce prices...
4/
• con't: to an acceptable level. i expect the total amount reaped from the ico would be equal (in $ terms) to the amount pre-adjustment, but this time with less tokens disbursed.
who gets fucked?
• whoever hasn't bought (included those who registered for the public sale.
• con't: to an acceptable level. i expect the total amount reaped from the ico would be equal (in $ terms) to the amount pre-adjustment, but this time with less tokens disbursed.
who gets fucked?
• whoever hasn't bought (included those who registered for the public sale.
5/
• back to the point on sentiment, this move simply shows that ico are starting to ask for more money, i.e. greed is starting to flow into ico projects.
• i would expect public sale prices to will start to inflating rapidly (in comparison to listing prices), and consequently
• back to the point on sentiment, this move simply shows that ico are starting to ask for more money, i.e. greed is starting to flow into ico projects.
• i would expect public sale prices to will start to inflating rapidly (in comparison to listing prices), and consequently
6/
• con't: the R/R of investing in them decrease significantly.
• initial coin offerings should rightly be cheap for the reason that most projects are still in bootstrapping phases, and investors should be rewarded for taking on the risk of a project failing.
• con't: the R/R of investing in them decrease significantly.
• initial coin offerings should rightly be cheap for the reason that most projects are still in bootstrapping phases, and investors should be rewarded for taking on the risk of a project failing.
this is not a memo to say: "don't invest in ICOs right now"
rather, it is a wake-up call to thoroughly evaluate the price a project is asking for its "tech/project/revolutionary investment opportunity".
rather, it is a wake-up call to thoroughly evaluate the price a project is asking for its "tech/project/revolutionary investment opportunity".
p.s. my brain tends to skip words when typing in a flurry so do forgive the broken english 
anyways, thanks for listening to me on my little soapbox.
Likes & retweets appreciated
anyways, thanks for listening to me on my little soapbox.
Likes & retweets appreciated
