This AirSwap ICO Investor Lost $80,000 on a Failed Transaction

The public AirSwap ICO kicked off on Tuesday following a successful presale that raised $20 million for the ConenSys-backed startup’s decentralized token exchange. During the 23-hour event, investors could contribute up to 3.3 ETH, receiving a maximum of 3,300 AirSwap tokens (AST). Following the main event, AirSwap held a “L(AST) Chance Sale” that allowed contributors to purchase an uncapped number of the 11,900,000 AST left over from the main ICO.

During the uncapped sale, an investor attempted to send 1,700 ether — worth $574,000 at current exchange rates — to the AirSwap ICO, a sum that would have netted him or her 1.7 million AST. This investor paid about 237 ether — worth $70,000 at the time but $80,000 at present –to process the transaction.

Source: Etherscan

Then, this investor fell prey to every ICO contributor’s worst nightmare: a failed transaction. 

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