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At the moment it's one step removed from vaporware. None of the features they brag about exist yet, and the codebase is in fact a complete untested / untestable
by doktrin 9y ago
At the moment it's one step removed from vaporware. None of the features they brag about exist yet, and the codebase is in fact a complete untested / untestable mess primarily maintained by 1 dev. Their white paper is awful even by "crypto" standards. Security issues are inevitable.
If you're investing, be wary of the pump cycles - particularly now. October is when the first of the "reserved" shares unlock (50% of the total circulation is earmarked for the founders), so there is significant incentive to fan the hype and artificially drive up the price.
- q-base 9y agoInteresting with the unlocking. Any source/more info on that?
- AshRolls 9y ago15 million tokens unlock, to be spent on incentives for devs to build stuff on NEO.
- doktrin 9y agoThe locked tokens are described in the (then Antshares) ICO rules : https://www.linkedin.com/pulse/antshares-ico-rules-wentao-yang/ https://www.linkedin.com/pulse/antshares-ico-rules-wentao-ya... The tokens begin to unlock 1 year after 'mainnet' goes live, which happened on 10/17/16 https://neo.org/en-US/Blog/Details/41 https://neo.org/en-US/Blog/Details/41
- q-base 9y agoThanks a lot for the info!