[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 130 KB, 1300x867, Choosing-the-best-ingredient-for-his-meal-Thoughtful-young-African-chef-in-white-uniform-holding-bro-Stock-Photo.jpg [View same] [iqdb] [saucenao] [google]
3067400 No.3067400 [Reply] [Original]

What happens to the ICO coins that arent sold? Do they just return to the developer?

>> No.3068051

Will provide ETH for a good answer

I have a proof of stake coin, and I offer 10 million, and 5 million are bought, do the devs just keep the ones that didnt sell? How are the coins then released if you cant mine it? Are the coins all dumped on the ex

>> No.3068176

>>3068051
Depends on the coins, but most likely they keep the ones that dont sell initially on the exchange as a sell or hold for themselves.

0x71B270C763a1794Df0Cf726e77cDc6DdB2823F0C

>> No.3068264

>>3068176
Sent, doesnt that just result in a massive sell wall?

>> No.3068314

>>3068264
They will sometimes buy the remaining tokens in the ICO with the funds they recieve from the ICO themselves and then hold them / dump over time.

0x9a3285169f2253fca157c1bf26c0b4b6c109965d

>> No.3068366
File: 16 KB, 298x169, 1.jpg [View same] [iqdb] [saucenao] [google]
3068366

>>3067400
They take a shit

0xe247fce86315a40791793db2190b5146715ba43f

>> No.3068408

>>3067400
Most whitepapers literally state that unsold tokens are destroyed (i.e. sent to a void contract address that has no method for withdrawing)

This is similar to how ICN is treating their "buyback" program, where instead of dividends to holders, they send a percentage of profits to a defined contract address where they can never be recovered thus removing a portion of the circulating supply.

0x5cb0D785b4ca3410da39a1872b90dC076C0037E2

>> No.3068431

>>3068176
Also, damn dude you have a lot of ETH. What are you waiting for to sell at? Just curious

>> No.3068452

>>3068408
>>3068314
Easy done, finally, thankyou guys, no more eth donations after these two

>> No.3068467

>>3068431
0x project my man, Plus im probably gonna put more in to see if obsidian dips out of the gate

>> No.3068560

>>3068467
did you dump all of your mbrs before idea tokens were handed out?

also thats alot of dnt

>> No.3068736

>>3068560
eh not particuarly, and I'm not selling of thats what your worried about. also haha theyre releasing 3 new tokens for MBRS so I'm sticking around for those

>> No.3068747
File: 476 KB, 749x1000, 1473817590076.jpg [View same] [iqdb] [saucenao] [google]
3068747

>>3068736
>mfw finally got my idea tokens today

ive only got a few thousand mbrs so it took forever to get to me ha

>> No.3069123

>>3068452
Never received a donation

>> No.3069359
File: 80 KB, 1366x694, eth transaction.jpg [View same] [iqdb] [saucenao] [google]
3069359

>>3069123
apologize

>> No.3069585

The ethical thing is to burn the remaining coins.