200 BTC Goal & Clarification
For clarification on a few things as there are some ambiguities with what we said, the Heroes project will still be launched on it's current time line within the next 2 weeks (prior to the ICO ending). This can safely be done as users using PayPal to purchase Jewels will be buying from the PayPal reserve and will not be able to immediately turn their immature Jewels into the actual Jewels cryptographic asset.
We thank those who have offered input and suggestions as to how to reach the 200 BTC goal as it may seem as it stands we are quite far off. It should be noted that we are also seeking means of investment capital outside of Bitcoin Talk as well as negotiating private deals. We are currently in discussion with a few people in regards to private deals and partnerships which will not affect the Jewels ICO or distribution. Strictly speaking, we are looking to have a starting capital of $120,000 or more which will come from the ICO as well as outside investors.
Thanks, we will continue to keep the community posted on these matters.
So if the 200 BTC goal isn't met and you don't get any outside funding then what happens?
If at the end even after factoring in outside investments we have a budget less than $120,000.00 USD we will first seek to establish a new roadmap for development based on the available budget. Once we know this, we will then publish this information publicly and allow those who invested to vote weighted by their investment on whether we should proceed. If the majority votes "no" implying that they wish to be refunded then Jewels project will not proceed and we will begin the process of issuing a refund of all BTC. On the contrary, if the majority votes "yes" implying they wish to proceed despite the change in timeline which likely implies delayed schedules we will continue distribution and proceed with Jewels as intended.
I hope this helps clarify your question for you.