Irrational Exuberance, Gnosis style

geocurt(49)
Published in
#gnosis
Words
77
Reading
1 min
10y
Listen to this post
~1 min

Many crypto-traders expressed their concern at the dutch auction style of the Gnosis token ICO and bot were they right!

http://www.coindesk.com/ethereum-ico-irrationality-300-million-gnosis-valuation-sparks-market-concerns/

There is nothing in this project to justify a valuation a top-ten market cap, nor is it good for ANYONE to have the developers end up holding the massive volume of tokens they now have - 95%!!!

Congratulations to anyone savvy enough to avoid this - it looks like the ICO market is starting to go hyperbolic.

Irrational Exuberance, Gnosis style | Ecency