ICO STRUCTURE WAS TERRIBLE
Can anyone answer the question "Why would you check KYC at the start of the ICO when you've had months to finish that process?" There were thousands of prospective investors left waiting hours for an approval of their KYC. Now they have over 22k customer's Identifications on their servers. The unprocessed KYCs are said to be destroyed; Lets hope so. People were able to purchase the WePower ICO which had comparable hype and volume. We power's ICo started 2 hours after Medicalchian. If Wepower was able to successfully distribute their ICO to all of the ICO members on the whitelist why couldn't Medicalchain?
WILL THE PRICE DUMP AFTER ICO?
Presale Token price: (with 150% Bonus)
1st Round: $0.10 - COMPLETED
2nd Round: $0.12 - COMPLETED
3rd Round: $0.14 - COMPLETED
4th Round: $0.16 - COMPLETED
5th Round: $0.18 - COMPLETED
The price increased up to the ICO and became over $0.20 by ICO time.
If the 150% presale bonus wasn't a hint to stay away..... this ico experience was a definite red flag. Only 1700 people were able to buy this ICO publicly; The rest was sold in the presale with a bonus. I see a dump coming on exchanges.
CONCLUSION
The main lesson I took from this experience was that if you want these coins you have to get them in the presales. Popular ICOs will become increasingly harder to get. With that said, ICO's should be progressing and becoming better not getting worse. These companies should learn from others past mistakes. If 1700 people were able to buy Medicalchain then that means over 22k people were left with 5-6 hours of their time wasted awaiting an approval email . I'm a bit salty I woke up for this ICO. I lost sleep and wasted time.... but hey that's crypto life for you. The silver lining is that I think it will be available for a cheaper price in the future. I'm hoping they can backup their product and hype. Until then look to be able to grab Medicalchain cheaper on exchanges.