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RE: Loan Or Lease - Decentralised P2P Lending Platform

in #cryptocurrency8 years ago (edited)

Look I love LOL, but this reverse ICO nonsense has to stop. A reverse ICO does NOT exist and is a nonsensical term like I have brought up before. The closest I can think of is an airdrop. Only like 1% of LOL supply was airdropped AFAIK, not the 95-99% that would be required to possibly claim you were somehow a "reverse ICO". LOL is being sold; it may not be an ICO, but it certainly is not a reverse ICO.

Also as I pointed out before, people gambling on that sweet Neblio had access to their funds as soon as they purchased.

LOL is just a normal sale. Other coins have sold supply immediately before; the term is just that you had a sale. When you do not have an ICO (which LOL did not), then what you have is mining and/or selling.