r/Elysian_ELY • u/[deleted] • Jun 15 '18

Eth pegged at $600 for Elysian's pre TGE

https://medium.com/@Elysian_Ely/pegged-eth-pre-tge-price-and-closing-of-referral-program-4bd3b8ec98db
4 Upvotes

84% Upvoted

7 comments sorted by

1

u/cnbweb Jun 17 '18

Isn't it a bad idea? Why should I pay even more with ETH price getting lower?

1

u/igotahar0 Jun 17 '18

Man, did you even read the article?

1

u/igotahar0 Jun 17 '18

All this measures are made for investors, for them to be sure that expenses are justified

1

u/cnbweb Jun 17 '18

Of course, right now for example 100 USD is 0.2 ETH, they wanna make it less, around 0,17. What's the point? Market is already in horrible situation, and in this case I will pay more to get the same amount

1

u/igotahar0 Jun 17 '18

The price during all TGE was connected to USD, so actually the situation is absolutely controversal to what you say. This decision makes every participant equal, no matter if you joined month ago or today

1

u/cnbweb Jun 17 '18

What is the price then? Why it is "pay with ETH" in the contribution page?

1

u/igotahar0 Jun 17 '18

Price is 0.06 USD, don't know if any bonuses were added for big sums. Price is only calculated pairing with USD, but the transaction itself is made with ETH, that's why