Quote:
Originally Posted by iloveny161
That crowdsale was ridiculous. about 80% of the tokens were frontrun on Yunbi. Something like 60% of all tokens are owned by 3 people...easy pump and dump for sure but long term no chance of success imo
Frontrun isn't really the right word. Yunbi took preorders, but Yunbi still had to buyin to the presale at the same time as everyone else. Yunbi had roughly 80% of the total preordered on their exchange, but only was able to purchase about 75% of that amount, so 60% total.
But yes, the 5.5m cap and the power hour, made for a ridiculous crowdsale.
Also tokens are locked up and can't be traded for nearly 3 months, yet anyone who bought in on Yunbi is able to trade their IOUs thru Yunbi's exchange database.