DOMRAIDER ICO
There's under 2 weeks left to purchase coins from the DomRaider ICO and with the tokens selling rapidly with 460 million already sold it looks like the initial coin offering may finish early.
https://www.domraider.io/en/
From Website:
WHO IS DOMRAIDER?
We are a French startup created in 2013, specialized in “dropcatching.” This technique consists of reserving newly dropped domain names (such as .com, .net, and .fr) and selling them at auction.
We are in hyper-growth with over 20,000 sales to our name. Our team of 30 speaks 7 languages natively and is spread over 3 countries, soon increasing to 5. We have gained prestigious clients who trust us in snapping up the best domain names for their SEO, marketing or for protecting their brands.
KEY FACTORS
1 Innovation of ground-breaking technology by blockchain experts
2 Maturity of an already well-established company and an experienced team
3 Not just a concept, but a solid roadmap and set-up plan
4 A company in compliance with French legislation whose accounts are audited
ADS:
KEY FIGURES
- Accredited for 27 extensions
- 1M domain names offered for backorder every month
- 10 000 organized sales at auction
- 33 people in the team
- 7 nationalities represented
- $4M secured in funding
"The DomRaider ICO combines two key factors for success: innovation of ground-breaking technology by blockchain experts and the maturity of an already well-established company and an experienced team."
TRISTAN COLOMBET, CEO
THE CREATION OF A NEW ECOSYSTEM DEDICATED TO AUCTIONS
This is an open-source blockchain dedicated to the decentralization of auctions in real time. It will be transparent, reliable, adaptable and interoperable, without compromising on speed.
The DomRaider network is not only aimed to register auctions and bids. It is the core of a complete new auctioning ecosystem aimed to provide an innovative solution for all worldwide auctioning players.
Live auctioneers, escrow, appraisal experts, delivery services and online auctions providers will all be able to join the network, provide their services and add value to the blockchain.
My experience of this ICO was amazing - the communication was instant - the explanations were excellent and there is regular well-produced material distributed from different members of the team so you can understand who is behind the company. Not only that, there have been regular bonus schemes and incentives to help promote the ICO and more. As a relatively new ICO investor, I am very happy with the overall experience. Aside from that, their team and company have very strong backgrounds and have proven they thrive as a business. This is one to watch for the future.
Key points
Total tokens created: 1,000,000,000
35% of tokens sold during ICO
15% distributed to stakeholders
50% held in reserve
0.10 Euros sale price
Guaranteed sale: Any unsold tokens will be purchased by DomRaider shareholders
Type of token: ERC20
Conclusion
Unlike many of the current ICO's on offer DomRaider is a real company that's already trading with a successful sales history.
With the tokens selling out so fast it looks set to be a sound investment whether for the long or short term.
Anyone wanting to purchase tokens needs to register at the official website: https://www.domraider.io/en/
Check out the full whitepaper here: https://s3-eu-west-1.amazonaws.com/domraider/domraider/DomRaider+ICO+Whitepaper+EN.pdf
Hi @steveoconner. This is friend;y advice. As the white paper specifically says that this is not an investment, I would refrain from using that word in your post.
It would be helpful guidance to those who don't know much about ICOs to add some risk warnings similar to those in the white paper. Have a look at the article I wrote this week about ICOs. You may find some ideas.
Good luck with your posting.
Fair enough Clive, I am paying money for something I hope will be more valuable in the future - if you don’t call that investment, then tell me a better word. For example if you bought $100 NXT in 2013 that’s worth $350k now. I do appreciate your concern though, just curious what you might call it?
If a packet says "This is not food, do not consume", then you shouldn't tell others it is delicious food. It's misleading. Whether you choose to eat it yourself would be your choice as nobody misled you.
Whilst these tokens have a potential utility value - as spelled out in the white paper, I personally find that use to be quite limited.
There could be future downwards pressure on the price. Please have a look at the bottom of page 89 of the white paper. It looks to me like their plan is for the main source of revenue for the next four years to be selling more tokens, plus an acquisition they hope to make. Selling more tokens would be new supply. Personally I am not very keen on new supply coming into the market as it can depress the price - if there is one.
The thing affecting ICOs at the moment is speculation. Many people are investing in tokens blindly, a bit like lottery tickets. You might get lucky. Maybe so many people wanted to buy in the ICO, that they could not get all they wanted. Then they may try to buy more at a higher price. Maybe...
In this case, another thing that I don't like, is that as soon as they reached the cap they invoked the stretch, i.e. selling more coins, than the original plan.
What would I call it, instead of investing? - "fun". You could try to put together a collection of 50 euros worth of every ICO ever issued and keep or sell the collection.
NXT was, according to the white paper, designed to be 100% a cryptocurrency, and with a wide range of functions. That's why it has done so well.
This ICO, has much more limited use.
Thanks for answer - am new to this and tbh am just figuring it out - like you said am having fun, investing small amounts in icos I like
@swissclive out of interest, so domraider put out 1,000,000,000 tokens and roughly 10c each. Effectively print $100 million and then sell it to people. For the price to go up, there needs to be a demand in excess of $100 million for DRT's right?
It's not quite as simple as that. Firstly you need a place where you can buy and sell them. Secondly there needs to be volume and this means buyers willing to buy. There will be no shortage of people willing to sell. These buyers have other tokens they could buy instead. So those buyers would need a good reason to choose this token.
check this: https://medium.com/blockchain-media/how-to-evaluate-an-initial-cryptocurrency-offering-ico-1bc238cff0ae
That's a good article written from the perspective of the ICO issuing company. It's not covering the questions an individual should ask before contributing money to the company P&L by buying tokens. "
There was one question which is pertinent to both sides: "Is the utility of the token essential to the company to do business, and is the token essential for the customers or others when dealing with the company, or with other companies? In other words, is token needed at all, or could an alternative crypto currency work just as well?
A good text-book case would be if Tesla brought a new flash car called the "Tesla ICO" with a rule that it can only be bought with newly issued tokens. Since demand for most Tesla cars exceeds supply (long waiting list), the tokens would have a ready market from those who want to own that particlular model.