How does the cryptocurrency growth influence ICOs?

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How does the cryptocurrency growth influence ICOs?

Long cryptocurrency’s growth in 2017, before the descending regulation in January, 2018, many ICOs felt the need to lower their symbolical prices in attempt to outstrip the market.

One of such companies is SocialMedia.Market. It anounced its plan to attract new token holders and create benefit for existing pre-ICO backers. They updated their hard cap and decreased the ETH exchange rate for their tokens. They also hope that this actions would bring more interest to their ICO.

The company developed the platform to reconcile informal leaders, bloggers, advertisers and agents, providing them the safe tool for promoting products or services, eliminating assessment of uncertainty and granting an opportunity to construct transparent relations.

To enjoy the usage of the full services the platform, the users need to purchase their tokens. The earlier they buy them, the more benefits they will have as users.

As the exchange rate reconsidered from 700 SMT to 2,500 SMT for ETH, and the hard cap has reduced to 16,000 ETH, there’s even more motivation for people to participate in the ICO. At the same time, founder Dmitry Shyshov  guarantees that early pre-ICO backers won’t fail:

“We appreciate the support of our early baсkers, who joined us during the presale. Therefore, we have decided to provide them with additional tokens based on the updated exchange rate and the current state of the market. Tokens will be recalculated at an exchange rate of 3.75. So, every 1,000 tokens bought during presale will increase to 3,750 after the accommodations.”

  • bitcoinBitcoin$3,926.62
  • ethereumEthereum$144.08
  • rippleXRP$0.319267
  • tetherTether$1.00
  • eosEOS$3.72
  • stellarStellar$0.088709
  • litecoinLitecoin$48.47
  • cardanoCardano$0.044838
  • tronTRON$0.024680
  • moneroMonero$49.38
  • iotaIOTA$0.297995
  • nemNEM$0.043174
  • dashDash$82.49
  • neoNEO$8.60
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