ico with an actual business > canya

dozerz

dozerz

Well-Known Member
Silver Stacker
ico underway but will be closing soon, your chance to invest in an ico that is already an actual business, melbourne based with a good team behind them.

canya is a airtasker style app that pays in crypto currency.

https://hacked.com/ico-analysis-canya/

there are 6 days left, you can invest with multiple currencies and if investing for 5000 will be part of the canya hodlers club that will receive airdrops and some other bonuses.
https://blog.canya.com.au/2017/11/24/canya-hodl-club/

happy if you can use my referral link if chosing to invest https://sale.canya.io/r/a695E
 
Bullion Baron said:
So are you getting a share of the underlying business with the ICO purchase?

If not, I don't really understand the benefits of a token which can only be used with a single platform? It's like trading Frequent Flyer points.

Also I'd rather a NFP organisation to be working on the project vs a business, what happens if you end up with a conflict of interest, where the business needs to put it's corporate charter ahead of token holders and moves to a different payment vehicle (unlikely I guess)? Basically you're investment is dead in the water.

This really feels like bolting on crypto for the sake of the 'cool' factor... what is the value in doing their own token (vs integrating other crypto e.g. BCH/BTC/IOT/LTC)?
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short answer is they take the volatility out of using another payment method https://blog.canya.com.au/2017/10/01/why-participate-in-the-canya-ico-the-can-coin/

payments on the platform can use other crypto currency, this is then converted to canya tokens.
 
I agree its a somewhat odd way to use their own crypto when it seems smarter to just use all of them in the first place or maybe something like bitpay. But obviously they then wouldn't make money to expand it and make it worthwhile for them personally.

I mean if there are only ever going to be those initial canyacoins and popularity explodes won't that make them more expensive and create volatility anyhow?

Still may be able to make money when its launched though.
 
goldpelican said:
I think the question for any ICO is - is it a utility token or a security token?
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the (can) token is used as a utility token within the platform payment system that offers a bridge between fiat and other crypto currencies.
 
If it was a security then they would likely be subject to much harsher laws and regulations. In an ideal world we could all profit share easily over crypto but the government needs to protect us from ourselves.

iu
 
CoinMarketCap has the price starting at $4.11 and currently at $4.87?

Less than 30M trading too. How is that 2000%?
 
sorry issue price was 1700 for 1 ether that includes the 20% bonus. 1 ether was around $800 usd so approx 50c usd per token. thats around 8x profit.
 
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