$SRM will be listed on at $1.0 while on & at $0.11 Giving themselves 10x return on day 1. I am sure lots of new buyers will get burned. Why would they do so? Greed. Warned already!! projectserum.com/listing
Conversation
To be clear the goal is not to sell at $1 -- the goal is to set the initial conditions so no one buys to avoid the issue of someone spamming the network with gas; and then slow step down the price until people _do_ buy
1
Let the market decide the fair price/price discovery. What you have done, is given the opportunity for IEO participants, and contributors both totaling around 31M tokens (all unlocked) to dump on new buyers!
1
Clearly our phrasing of this was confusing for people; we're updating it.
Bitmax IEO was a scam and it was sold out in 1s sale did not even start the tokens were gone. People were confused so those tokens are now in hands of the exchange or a whale and those tokens will dump 10x or higher as soon as the token listing in exchanges.