The token investment committee met today to discuss the ongoing strategy of token investment within the current environment. Until now the strategy had been to invest approximately $28k in each token during the launch period so we can obtain a discount to the proposed launch price.
Today, it was decided that given the depressed state of the ICO market the strategy would be changed. The committee believes that much in the same way the dotcom bust depressed the value of Internet companies of promise alongside bad ones, currently there is indiscriminate token selling that has depressed the price of tokens whether they are associated with projects of quality or not. Therefore a decision has been made to turn from a strategy that looked to purchase tokens pre-launch, to look for quality tokens currently trading at a deep discount in the aftermarket.
I will provide further information on the committee’s selections after a position has been established in those coins.