IGNX. Beta started yesterday. Its a platform for ratings coins, ICOs and in the future IPOs. The highest rated get invested in using the index currently worth 2100 ETH. Active users share index profits. The tokens and your personal reputation act as a multiplier for your share of the profits. Profits can be taken in BTC, ETH or IGNX. The team is all white.
IGNX is reallly high r/r desu (ico bagholders) but I'm holding out for 20x at least because its current mc is under $5 mil and instead of a useless maninnet the product is for making $.
why does anybody assume smart people would invest money and effort to gain the investment decisionmaking of literally the statistical average
what guarantees me people are in that coin that care about my money, or that can take care of theirs?
Benjamin Cox
Your money is not really invested anywhere. The only investments made are by the index at a maximum of 1% of the index per trade.
The reputation system hasn't been fully explained but what we do know is that a rating can be rated. So if someone is rating something high when it shouldn't be other users can score their rating lower and prevent the index from making the trade. The ratings are also done anonymously.
A lot of information is still to come out and I expect more details before the public release.
Go on their channel and watch the breakfast with ignite series. They will be going more in depth on the platform reputation/ratings features.
Kevin Harris
Wisdom of the crowd
Jonathan Nguyen
""""""WISDOM OF THE CROWD""""""
So basically, stupid uninformed people are gonna be rendered passive while informed investors somehow make profitable investments for >other< people. Why shouldnt I, if I dearly believe in an investment, keep the power over my money instead?
A guy making the right call is NOT gonna benefit from this service unless he gets rewarded disproportionately. Even more so, a guy making the right call RISKS losing money by handing it off to this collective.
The only individuals gaining are the ones that would have invested in worse products by themselves, aka suckers. So why should I invest money and time to join this project if I dont consider myself a sucker? And how reasonable is it to assume that every investor that starts getting competent will stay and do work for this platform for free, when he can just cash out and have more of his work for himself?
The entire concept is... just weird.
Ian Morales
I assume to ride the pump when the suckers buy But fuck, not my cup of tea either
Why has their subreddit been made private? It was public before according to google search results.
Jack Evans
You can't lose anything by using the platform, you never deposit any eth. You don't understand this platform at all. Inform yourself before responding like an emotional bitch.
Luis Reed
Hijacked by the pajeets that managed ico marketing.
Wyatt Brooks
I refuse to believe anyone here actually bought this.
Camden Turner
Jow Forums once again living up to the name of most retarded board. obviously the ico wasn't the best buy, that why you get it discounted now.
Or you can just buy it when your favourite shill or plebbit tells you to 10x from now.
Sebastian Perry
or you can just not lose money ;'( ;'( go code a bit on it, maybe that will make the fundamental flaws in the project go away
Nolan Brooks
You just made assumptions and didn't highlight anything noteworthy.
This is an ultra low cap shill thread. Nothing more. Buy the dip, shill and sell higher.
Zachary Rogers
bump
Isaac Flores
How many of these tokens are in circulation? Etherscan says 6 billion, but that would make the market cap much higher than OP claims.
Nicholas Parker
IGNT - Roughly 6 million total, 2 million circulating and 60 million reserved for future secondary sales to increase the index value. The secondary sales have to be approved by hive participants
Elijah Taylor
A portion of the total supply is also pre sale locked tokens. I think it's one year lock up
