investors aren't dumped on after the 12-month vesting period?
Right now all IDO participants will be paying nearly 19x the initial price of VR.
right now is about 14.8X since the initial price is $0.00295 and current price is $0.04087. It's still alot...
Yes so we are paying 0.04 a token 🤣 a lot ahah
Does that mean that the private investors have just almost 15x'd their investment?
Is there *any* benefit to these IDOs? After gas fees, it sounds like we're trading ORN (which will go up in value) for a new project token that decreases the value of the ORN invested by 10x - 20x Versus just waiting for a CEX/DEX listing (and no vesting period), I'm not sure how this incentivizes any future SolarFlare participation. No benefits or rewards for doing it this way, while at the same time IDO investors have no control over how much they decrease the value of their invested ORN.
the token is not officially traded yet so we do not know where the price will land. You're paying for the ido price if you subscribe through orion now.
14x the IDO price 👀
yeah, i don't like this format myself. But since this is the 1st ido for orion, I will give it a pass. personally with this ido price, I will probably wait for open market.
The price is nothing.. look the initial circulation :)
Yeah I wish I knew they wouldn't cap it... I saw the allocation ratio info, but paying 14x initial price on an IDO with less than 10% in circulation is not setup to reward SolarFlare participants.
I understand but I'm a hodler will will consider total market cap. Also, this is an ambitious project and may not be able to deliver on time.
The hype for the metaverse will pay you ;)
After paying off the 14x priced into the investment.
They stated everywhere for this project, there is no cap. Orion may introduce cap in the future? also the team did the right thing by closing this ido early, midnight today.
🤣 14x the initial price. Not the price of the investiment
It’s not close, the will be close at 5.59 am
hahaha....unfortunately the numbers don't work for me. I can buy on open market paying maybe less with no vesting. who knows....maybe you're right, this will price at $.1 when it opens but that's alot of risk to have a 1x gain.
best of luck to you and all the ido subscribers. Hope you guys make a killing!
Or maybe not ahaha I don’t care, for the profit we have to risk:)
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