The hottest blockchain project this summer has to offer is here!
In just 3 days, on Aug. 8th, INDORSE will host it's anticipated token sale to raise capital for development on a revolutionary product and investors are lined up.
Not lining up, there already there waiting...
(Just like those people camping out in tents days before to get great deals on Black Friday)
It's no joke, If your not ready, this ICO will pass by anyone not prepared in seconds
Typically I'm a fairly logical person so instead of just trying to provide hype, I'm here to provide some facts as to why I am completely convinced this ICO is technically already sold out.
PRE-SALE
Raised 18,000 Eth in 2 days!
(In my evaluation of the Indorse crowdfund, this is the smoking gun as to why I am confident of an immediate sell-out)
Not only did they raise 18k Eth in 2 days, but this was the Pre-Sale Hard cap.
Rephrased: Pre-sale sold out in 2 days!
It actually gets more interesting when you dig a little bit deeper into the pre-sale numbers.
According to the Pre-Ico terms:
- Pre-Register on investor Whitelist
- 100 Ethereum Minimum investment
This requirement was enforced through the Ethereum smart contract to accept only whitelisted Ethereum address deposits of 100 Eth or more.
100 Eth x $225 = $22,500 minimum investment!
and it sold out in 2 days!
ICO HARD-CAP
The Indorse token sale has a hard cap of 50,000 Eth.
In which 18,000 Eth has already been raised.
Leaving only 32,000 Ethereum left the crowdfund!
That is a very small amount left to raise, considering it's a mere 1.8x the pre-ico amount. The other important thing to note is that the crowdfund doesn't have a requirement like the pre-ico did, it's open for investors of all levels without pre-registration, so it should be much more seamless, which should translate to a quick sell-out.
Honestly, that is quite a small hard cap for a project of this magnitude. Many projects recently had no issues raising 20-30 million during the crowdfunding phase. When comparing the scope of each project and the chances for mass adoption, Indorse is comparable to recent crowdfunds raising 30+ million, yet they are only seeking 11-12 million.
Investor Demand
After hearing it from the marketing manager of Indorse, it turns out many users tried to get into the pre-sale but were denied because of the minimums and the registration requirements. After the cap was reached, many investors kept trying to get in but were turned back also so it's obvious there is demand this project. Unfortunately, because of the small cap, many will also fail to get into the ICO because it will be sold out so quick.
32,000 Ethereum is a drop in the bucket
I have personally expressed concern over the immediate sell-out to the development team and they have assured me that they are working on a system for a fair crowdfund. It would be in everyone's best interest if that 32,000 Ethereum came from many investors instead of a small handful and they agreed.
So, there is the possibility of a investor cap being implemented for the first few hours, but that is currently under discussion.
What is INDORSE?
Indorse is a Decentralized Professional Social Networking Platform
Similar in Nature to linkedIn with a reward system concept comparable to Steemit, Indorse plans to lead the world into a new trend.
- Taking ownership of your personal data
- Monetize Social Networking
Website: https://indorse.io/
BitcoinTalk{ANN}: https://bitcointalk.org/index.php?topic=2047503.0
Whitepaper: https://indorse.io/whitepaper
If you think Steemit is a great Idea...
INDORSE will Be HUGE!
My Previous Articles on INDORSE
https://steemit.com/indorse/@generation.easy/prepare-to-indorse-professional-social-networking
Don't miss the chance to get in on the ground level
Prepare yourself - Aug. 8th
INDORSE ICO
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BitcoinTalk User Link: https://bitcointalk.org/index.php?action=profile;u=803528
Ethereum Address: 0xe8c79B21B2FC35FA3E85c6a1E80aFf686c99A777
a bitcoin fanatic and alt-coin enthusiast