If the ICO industry is to survive and grow into a real and viable financing option, one that can become a true difference maker in the world of finance, then one must look a lot more closely into the valuation question, understand how these decisions are made and who they ultimately affect.
What makes this ICO different from any others are the following. First the Centz coin is convertible into Centz Gold Bucks, which have a real $1 USD value to buy gift cards. Second the Coin will generate interest payments based on revenue. Third, Centz has several other means of generating revenues (take a read of The Business on the ICO website).
Bottom line is that investors have a responsibility to go out and do some of their own leg work to determine the worth of any investment and not rely on blanket statements made by individuals who dont appear to have done so.
Mr. Swen Swenson
President
Centz, Inc.
1. "The ICO industry" as you call it is just a fucking blatant money grab and is scammy as hell.
2. Centz Gold Bucks you saying......okay......so we will only be able to spend those "Gold Bucks" in your marketplace. There are no guarantees that your marketplace will be able to cater for all range of giftcards that there are.
3. While I will agree with you that the idea is absolutely great, the fact that you still have "patents" pending introduce a big "IF" in the equation. This immediately decreases the valuation of the tokens in my eyes.
4. Am also curious as to why you are turning to Crypto for funding. Why not go towards the traditional avenues for funding? I understand that you are doing CENTZ as a cryptocurrency but if the idea is as amazing as you say it is, am sure you will have plenty of private FIAT investors willing to get a slice of this lucrative pie....
1.If the ICO industry is just a f-ing blatant money grab and is scammy as hell. Why are you on any site that deals with this topic?
2.You are absolutely right, Centz will not be able to carry all the range of gift cards that there are, but you have to start someplace and that is with the most desirable national gift card issuers. Please read the section on the ICO site The Business and you will see exactly how we are going to proceed.
3. While you are right that there are no guarantees that any patent will issue, we have spent a lot of time, effort and $ to do research into prior art (that is previous filings) to determine if there is a good possibility of getting a patent issued. We are not in the business to waste our time or money.
4.Centz decided to look towards the crypto community, and OpenLedger specifically, is that we think this is going to be the future of ALL investing. There will be absolutely no need for the traditional investment houses that take big fees (talk about scams). We believe that OpenLedger represents the future just like Centz does and we want to be part of this industry. Additionally our solution is blockchain based which is a technology that MOST IF NOT ALL UNITED STATES INVESTORS ARE COMPLETELY IGNORANT OF. We are also going to be using the blockchain for other solutions and applications in our business, so it makes CENTZ to go to where people know what this technology is.
Lastly we believe that the use of a decentralized investment platform gives EVERYONE, not just the privileged few an opportunity to invest in the great companies of the future.
Swen Swenson
President
Centz, Inc.