Why ICO bonuses and discounts have a negative impact on the ICO market
Many ICOs offer a kind of discounts and / or bonuses. And the more speculative projects are, the more they give interest to the crypt community. Vitalik Buterin, one of the founders of Ethereum, warned about the volume of bonuses, because it is not in the spirit of cryptography. We no longer agreed with this, but there are more problems than just the spirit of cryptography.
Where traditional issues follow rules and ethics, the crypto-world is the Wild West. In the real world, you calculate your business on the basis of documented expectations and / or actual income / income. When you attract capital, there is one fixed valuation, which means that the amount of shares is xx USD. Cryptomir also appreciates its projects on expectations, but it is where agreements for most projects end. The offer of bonuses and huge discounts can not be justified in any other way than an attempt to convince some investors of a guaranteed profit. Buy in advance, and you know that your coins / tokens cost 10% more after a day / week, in some cases from 50 to 100%.
For clarity, bonuses and discounts based on volume do not match. Bonuses are a red warning signal. In the crypto world, more and more scammers, they use tools such as bonuses to attract capital from greedy supporters. I would recommend people to stay away from all ICOs that offer bulk bonuses; He has no place in the world of legitimate crypto companies.
Discounts, even if they are used on a large scale, in my opinion, is not much better than bonuses. The simple reality is that you are selling the idea that your early supporters have a guaranteed income from their investments, which is not at all good. Secondly, most of your donors will make contributions without discounts, how do you confirm that people who bring you the most money should pay more? The simple reality is that your expected expectations have not changed from day to day. So, how can you justify that some have to pay more than others?
Discount promotion for fans who arrive late is nothing more than fine. And since most of the supporters contribute later and with the most money, they receive a penalty for financing the main part of your project. How strange is this? There are people who run away from projects because of discounts, and I agree with them why you support a project that believes that their biggest investors are idiots wishing to pay for the same coins that were issued on the eve of a lower price? That's why discounts do not have positive effects, and this is a practice that must be discontinued sooner than later.
I understand that the pre-IOS has a lower price, so I'm not talking about this. Each project at an early stage costs less than when it is ready to raise money or when it works. This applies to crypto and the real world. But the project does not change the rating from one day to another and, perhaps, even 10 times in a few weeks. This is not a way to run a business, even in a cryptographic world. In my opinion, this is so close to fraud that you can come and still act lawfully. I do not understand why serious projects want to balance this thin line, this ultimately causes serious damage and pays much negative attention to the ICO financing model. As we all know, negative attention is not what the crypt community needs, we need to try to stand out, try to be better than the rest of the business world.
MOG will soon launch ICO for our gambling project. I admit that we had internal discussions about discounts, would this benefit the project or not? We came to the conclusion that discounts are in no way positive for the project. Most investors will ultimately contribute without any discount, and they will make the most contribution. Why should we punish our biggest investors? It does not make sense.
The MOG Bounty campaign begins
MOG launches one Bounty Campaign! You can earn NOG notes by promoting our revolutionary online gambling platform.
A total of 3.5% of all produced MOG tokens will be divided into a generous campaign proposal. This means that if all 15,000,000 tokens are sold, 525,000 will be distributed among the participants of the award.
The goal of the bonus program is to promote the MOG ICO. Bounty members receive "bets" for the tasks that MOG uses to spread ideas and distribute tokens among a wide variety of customers around the world. Tasks include things like sharing, sharing and publishing content about the MOG ICO campaign.
When the token generation event is completed, all earned bets are added. Thus, we can determine the cost of each bet, the total number of MOG tokens allocated for bonus awards (up to 525,000) is divided by the total number of bids received. For example, if the total number of quotes used is 100,000, and the number of MOG tokens allocated for 525,000 bonuses (maximum amount), each bet is worth 5.25 MOG Tokens.
MOG launches its marker sale with the price of MOG tokens set at 0.5 euros.
FOR MORE INFORMATION VISIT LINKS BELOW:
Website: https://ico.mogbv.com/
Technical documentation: https://goo.gl/ymmLVt
Facebook: https://www.facebook.com/MOGBV
Twitter: https://twitter.com/mog_ico
Medium: https://medium.com/@mogico
Telegram channel: https://t.me/mog_tokensale
Telegram-chat: https://t.me/joinchat/FvzOGQ_dg3B_Hp_Nlfsyrg
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