No. This is wrong. You don’t understand the dutch auction IDO process. GenGO was raising $15m by selling 30m tokens at $0.50. If you deposit $5000 at the initial price of $0.50, you would get 10,000 tokens. As more and more depend flows int during the IDO, the value of the token rises, and the number of shares you receive goes down. the intial value of your shares you receive is still $5000 … whether thant 10,000 tokens at $0.50, or 10 tokens at $500. It’s all the same. … GenGO’s price went UP after the IDO, but has come back down simply because the entire crypto market is selling off right now.

If you’re down 30%, you did NOT participate in the IDO. It’s down only 9% from that price. You bought after the IDO when the price was going up. That’s fine. Just be patient. You’ve owned it less than a week. Even God needed 7 days to create the world, right? Give the company and the crypto market some time. Don’t expect immediate riches in a few days. Impatience is the path to losing your money