January 23, 20182min888

Cargox ICO sold out in just 3minutes

CargoX ICO was sold out today in just 3minutes. Gas prices went through the roof during the ICO, as their recommended 400 000 gas limit was clearly not even remotely enough to have your transaction confirmed. It felt like trying to buy Wimbledon tickets on Ticketmaster all over again to be honest.

The gas cost required to get confirmed went up 10 times the recommended value. One investor paid 0.835 ETH for 5ETH he invested, which is roughly 17% of the total investment.

Just when we though the ICO mania couldn’t get any crazier, we were proven wrong once again.

Quite a few of us tried to invest personally here at 2100news.com, but our transactions didn’t go through, as we didn’t anticipate such high gas prices.

Cargox ICO

We sincerely hope that the project will be successful long term and live up to the hype. This is clearly a sign that the ICO era is far from over, even if the exchanges have been fairly quiet as of late.

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