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 the projects are, the more they give away to interest the crypto community. Vitalik Buterin, one of the founders of Ethereum, has warned against volume-based bonuses because it is not in the spirit of crypto. We did not agree with that anymore, but there are more concerns than just the spirit of crypto.
Where traditional matters follow rules and ethics, the crypto world is the Wild West. In the real world, you calculate your business based on documented expectations and / or actual income / income. When you raise capital, there is one fixed valuation, which means that the stock amounts to xx USD. The crypto-world also praises their projects on expectations, but this is where the agreements for most projects end. The offering 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 early and you know that your coins / tokens are worth 10% more after a day / week, in some cases 50 to 100%.
For clarity, volume-based bonuses and discounts are not the same. Bonuses are a red warning signal. There are more and more scams in the crypto world, these use tools such as bonuses to attract capital from greedy supporters. I would recommend people stay away from all ICOs that offer volume bonuses; it has no place in the world of legitimate crypto companies.
Discounts, even if they are used on a large scale, are not much better than bonuses in my opinion. The simple reality is that you sell in the idea that your early supporters have a guaranteed return on their investment, which is not good at all. Secondly, most of your donors will contribute without discounts, how do you justify that the people who bring you the most money have to pay more? The simple reality is that your expected expectations have not changed at all from day to day. So how can you justify that some have to pay more than others?
Discount promotions for fans who arrive late are nothing more than a penalty. And since most supporters contribute later, and with the most money, they get a fine for financing the bulk of your project. How strange is that? There are people running away from projects because of discounts, and I agree with them, why would you support a project that thinks their biggest contributors are idiots willing to pay extra for the same tokens / coins that were issued the day before at a lower cost ? This is why discounts do not have positive effects and it is a practice that should be terminated sooner than later.
I understand that pre-ICOs have a lower price, so this is not what I am talking about. Every project at an early stage is worth less than when it is ready to raise money or when it is operational. That applies to crypto and the real world. But a project does not change the rating from one day to the next and maybe even 10 times for a few weeks. That is not the way to run a business, not even in the crypto world. In my opinion, this is so close to a fraud that you can come and still operate legally. I do not understand why serious projects want to balance this thin line, it will ultimately cause major damage and pay much negative attention to the ICO financing model. As we all know, negative attention is not what the crypto community needs, we need to try to stand out, try to be better than the rest of the business world.
MOG will soon launch an ICO for our gambling project. I admit, we had internal discussions about discounts, would it benefit the project or not? We came to the conclusion that discounts are in no way positive for a project. Most investors will ultimately contribute without any discount, and they will contribute the most. Why should we punish our biggest contributors? It does not make any sense.
MOG Bounty campaign starts
MOG launches a Bounty campaign!You can earn MOG tokens by promoting our revolutionary online gambling platform.
A total of 3.5% of all generated MOG tokens will be divided into the offer of the bounty campaign. This means that if all 15,000,000 tokens are sold, 525,000 will be distributed among premium participants.
The purpose of the premium program is to promote MOG ICO. Bounty participants earn "bets" for completing tasks that MOG uses to disseminate ideas and distribute tokens among a wide variety of buyers around the world. The tasks include things such as sharing, sharing and publishing content about the MOG ICO campaign.
When the token generation event is complete, all earned bets are added. So we can determine the value of each bet, the total number of MOG Tokens allocated for premium reward (up to 525,000) is divided by the total number of bets earned. For example, if the total number of stakes used is 100,000 and a number of MOG Tokens allocated for bounty 525,000 (the maximum amount), each bet is worth 5.25 MOG Tokens.
MOG launches its token sale with the price of MOG tokens set at 0.5 euro.
Revolution in online gambling is coming, be part of it!
Related Links:
Website: https://ico.mogbv.com/
Whitepaper: 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: ://t.me/joinchat/FvzOGQ_dg3B_Hp_Nlfsyrg
By kembartapibeda : https://bitcointalk.org/index.php?action=profile;u=1909517
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