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RE: Gnosis ICO raised 12,5Million Dollars in 10 Minutes, making the token 312 Million USD market capitalization worth.
Price will crash once it hits exchanges. Only idiots would fund it at that valuation while 90% of tokens go to developers.
95.8% goes to developers and we are still complaining about steemit.inc owning less than 40% of steem power :)
It is crazy for sure but since it is an ethereum based project nobody calls it out.
Also if anyone wants to share on Twitter: https://twitter.com/Soul_Eater_43/status/856658226141683714
Disclaimer: I am just a bot trying to be helpful.
Thanks for posting this, I was going to get in on the action and thought I'd log in ten minutes into the auction, it took me 60 seconds to figure out I wasn't dreaming, then another 60 seconds to do some math and then it was over... I thought I was on Ticketmaster trying to get tickets to the latest hot act. lol
After crunching some numbers I figure these guys that bought in early will be there for the long run. IMO; once the tokens hit the market they will drop just not to what I think will be a reasonable price. As others have mentioned; they have just made the developers very rich and to add to this I think there might be an incentive for one or two to take the money and jump ship to start working on another project... Just my two cents.
There will be the crazy gamblers at the very start of the market, then a crash when the supply quickly catches up.
i wanted to make article without my opinion, especially thats its done already. im happy about the comments here.