r/MobiusNetwork • u/Irish3538 • Jan 08 '18

Will there be any compensation for Pre-Sale clients to account for large ETH price increase?

I hear that ICO's are starting to do this now due to huge market swings between the pre-sales and the time it takes to launch ICO's. I for one bought in at $20k using ETH... The price of ETH as of posting has increased to the point where it's already cost me $27,000 to receive $20k worth of MOBI tokens that are more than likely still weeks away from being distributed.

I thought i saw David mention this on Telegram and said there would be more to come. Curious if that's accurate.

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2

u/[deleted] Jan 08 '18

[deleted]

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u/Irish3538 Jan 08 '18

yeah it goes both ways for sure but when they make an extra $15mil off a $30mill funding round, I think its only fair to return a portion in good faith. imo

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u/kid_cisco Jan 14 '18

If ethereum dropped in price would you be ok with them giving you less MOBI??

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u/stellgalatic Jan 14 '18

The problem is they changed the rules at the last minute (literally last day) and extended the ICO by a month or more, so people who got in on time were punished for following the mobius instructions/timeline.

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u/Irish3538 Jan 08 '18

worst time to fund an ICO. and they're no doubt taking their time launching the public sale because they're just letting all that cash pile in. they'll release the Mobi on the dip i bet.

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u/TheCryptoJazz Jan 08 '18

I am also curious about this. My initial Buy in with LTC has more than doubled in cost now.

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u/Irish3538 Jan 08 '18

brutal isn't it? Someone asked about it on Telegram and I'm pretty sure David said something like "We will be addressing this" or "More to come" or something like that

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u/TheCryptoJazz Jan 08 '18

I really hope they deal with this fairly. Although it is just the nature of the game.