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/biz/ - Business & Finance

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9317151 No.9317151 [Reply] [Original]

I was trying to warn my fellow anons yesterday that Dragonchain had cancelled its ICOs and suspended its incubator but a few people insisted there were still more ICOs to come.

Guess what? Number 4 cancelled today. Or, to be more precise, they announced they will be launching on NEO instead.

https://www.reddit.com/r/drgn/comments/8hq41j/biocrypt_technologies_interview_dragonchain/

Number 5 posted this on their website a few days ago

>As you probably have heard by now, for the time being, DragonChain put a hold on their current incubator program. From our side, we are currently looking into alternative financial partnerships that will safeguard the continuity of our project.

http://givewithnothing.org/news.html

That leaves only one of the initial six Dragonchain ICOs that has not yet announced either cancellation or that it is looking elsewhere. But you can be certain it is coming.

This is not an attempt to spread FUD. This is not an attempt to get you to sell your precious DRGNs. This was a good project with a solid value proposition and I was about to buy in myself when I discovered the current situation. Unfortunately, the US regulatory environment is not ready for ICOs yet and this project is now dead in the water for the short and medium term. In the long term, it may revive either as a successful platform or if the regulatory environment changes. But for now, the damage has been done and there is no quick flip to revert to its previous state.

>> No.9317173
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9317173

>>9317151
NEO #1 blockchain 2020

>> No.9317403

good post op. I have DRGN bags that I'm going to shift if it goes up to 0.00015 ETH. it's a real shame, it was a great looking project until all of this shit started happening. I'm kicking myself for not selling earlier. I feel like the chances of this randomly mooning are low.

>> No.9317597

>>9317151
I sold my lead bags a couple days ago. I truly believed in the "American ETH," but after the third ICO cancellation, fuck them. What is their ERC-20 token even for?

>> No.9317629

>>9317151
Sold half of my 30k DRGN on the bounce above $1, preparing to sell the other half this week or next hoping to squeeze a bit more profit out. Been holding since the ICO.. this project is going nowhere and there are gains to be had elsewhere. I'm far from a spec on the DRGN map but if you look at the big boys, the top 25 wallets, they are selling off their DRGN in chunks, too.

>> No.9317634

Glad I sold this shit without a loss

>> No.9318050

>>9317173
NEO will move to the #3 spot on CMC within 2 years. All these other shit companies trying to do what neo is accomplishing will be left in the dust.