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  1. #1
    Pokerface's Avatar
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    Default DAO.Casino Tokens

    Looks like another coin is hitting the cryptocurrency if I am reading this correctly. Dao.Casino is offering tokens to raise funds to develop their product. Yesterday you would have received 2,000 BET for 1 Etherium. Today it is 1,800 for 1 Etherium and will continue to decrease by 100 every three days until the sale ends on July 26.

    So much is happening and fast in the cryptocurrency arena it is hard to keep up.

    Read more here: http://www.the-blockchain.com/2017/0...en-sale-today/

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    ICOs are the new IPOs. Be wary of people raising huge amounts of "hot money" for development who don't have a working product of some kind already!

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    sweetbet (1 July 2017)

  5. #3
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    Imagine a group of so-called developers being paid millions of dollars upfront to develop an idea. There are a lot of scams out there. Buyers beware. http://altcoins.com/scamcoins

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  7. #4
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    Default

    Quote Originally Posted by PROFRBcom View Post
    ICOs are the new IPOs. Be wary of people raising huge amounts of "hot money" for development who don't have a working product of some kind already!
    ICO are the new totally unregulated, totally uncontrolled IPO's

    It's effectively a license to create and issue millions of token that costs almost nothing to issue, on the pretense of creating some very nebulous future project. The issues usually are tens of millions, with 20% kept for the issuers making them immediate millionaires if they can get enough people paying to receive the tokens.

    In the old world, IPOs are undertaken after several rounds of initial funding has taken place, and the company has produced a product or service and is ready to issue a prospectus outlining future growth and returns.

    In the new world it seems anyone issues an ICO on the strength of a website and a big idea. I'd expect 99.5% of these ICOs to never produce anything of value ... although that doesn't seem to matter as many people are simply trying to "stag" the tokens ... onselling them to other people for bigger prices on the exchanges.

    Be very careful with any ICO you take part in.

    EDIT :
    Here is an article outlining some recent ICO's
    http://www.coindesk.com/icos-dumb-mo...hical-dilemma/
    Last edited by TheGooner; 1 July 2017 at 11:39 pm.

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  9. #5
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    I'd rather just play the penny market LOL

    Rick
    Universal4

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  11. #6
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    I blame central banking for creating tens of trillions of dollars in "hot money" over the last decade. Bring on the deflation I say.

  12. #7
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    Quote Originally Posted by TheGooner View Post
    on the pretense of creating some very nebulous future project. The issues usually are tens of millions, with 20% kept for the issuers making them immediate millionaires if they can get enough people paying to receive the tokens.
    Not the same but reminds me of ponzi schemes

    https://news.bitcoin.com/scammy-wate...po-and-an-ico/

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    TheGooner (2 July 2017)

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