I've been in the crypto currency game for just over a year now where at the beginning there was no such thing as public ICOs. Well, there was, but only open to huge private investors who had a back door access to the CEOs developing the coins.
I have watched over time as this new craze has changed the way startup coins are launched in the industry and have noticed a trend forming along the way.
The first couple crowdsale attempts were made harmlessly and brought in capital to use for the development of the coins legitimately but then something began to happen. Starting with the Veritaseum coin, the small investors got smart and bought in, holding the asset only until the exchanges picked up the currency and then they dumped it for a huge profit leaving the startups with only their portion of the investment capital to develop the coins with.
As we have recently seen with the Tenx ICO, the very same thing happened and the coin dropped to a value under 1$ after rising during the influx to over 40$ a coin. The very same day that the token became available on the first exchange, the "investors" were salivating as they cashed out for a 40x gain leaving the poor development team with little more than they began with. This has raised some serious red flags over whether or not the whole thing was a set up to make some people rich overnight. Add that to the blatent scam coins successfully taking honest investments from innocent people and you have a situation where nobody trusts the legitimacy of new icos.
.....Enter Superior Coin.....
Superior Coin has been in the presale stage for the past few weeks and stands to have an official ico in under 2 weeks.
I have noticed a lot of misguided beliefs through comments made on posts when I mention it on how it seems shady, there's not enough information, it looks sketchy, seems like a scam etc.
What these people do not know is that during an interview with a couple weeks ago, CEO Michael Q Todd described in detail how there were failsafes built into the Superior Coin protocol that protects it from this type of investment skimming happening.
I have personally sat on facebook for about an hour chatting with Michael about The Superior Coin, working to understand it more and asking him questions about it to judge its authenticity and I can honestly say without a doubt that this thing is for real.
Dont believe me? It is now listed on icoAlert website and app.
You will also see an upcoming interview that Michael Q Todd will be attending with CNBC in the very near future!
Later this week a proper roadmap with targets will be released after the development team finishes the informational site.
Folks, contrary to some beliefs, this ico will actually be happening and from what I can tell, it is set to be a huge success and I for one, am investing into it to help perpetuate it.
Please do your own due diligence and look at everything before passing up this opportunity.
Cheers
Chris