We've seen quite a slump in the last few days in the Ethereum market and investors are blaming it solely on the ICO fever. There is an accusation that some of the major ICOs such as Tezos and Eos are dumping their Ether on the mar...
See More ket to liquidate it into usable funds for their business costs. This makes sense, but it also hurts the overall market. Similarly, you are seeing the whale investors who have gotten into the ICO early dumping their shares completely onto the marketplaces to make a quick buck, thereby destroying the value of the new asset.
With Autoria, we are combating this behavior by limiting the amount of tokens investors have immediate access to over the course of a year. Instead of purchasing the coins directly, investors purchase a stake that is distributed based on our proof of stake algorithm. This allows the asset to gain in value as our deliverables are attained. As a result, the overall net worth of our investors' stakes will be larger than if they dumped on the market immediately after buying. We are also limiting initial investments to 100ETH to prevent whale buyers from controlling the entire asset. This allows the stakes to be distributed and fair.
Founded: May 23, 2017