Is this a hedge? The timing of your product offering and what looks like a coming slow fall in BTC's price makes me think that you are predicting BTC might go down more. So if we pay you at today's prices and BTC goes down to lets say $500 then it would have been better for us to open a short position ourselves. I also want to know how are you going to assure your customers that you are really going to mine the prebought BTC?
We cannot predict what the market will be in the future, however, most predictions show that the price will continue to go up as seen in the articles that are posted on our website (Crowdfunding Opportunity) at the bottom of the page.
The idea behind our crowdfunding campaign comes from a typical way that traditional gold mine funds their operations. They use a streaming contract where the backer is pre-paying for Gold at a set price and receive a percentage of the mining production until the contract is fulfilled. CBM will be fulfilling perks from 62.50% of the mining production until all perks are fulfilled.
The best assurance we can give you is that the crowdfunding campaign will be done through Indiegogo. The backers will send their pledged amounts to Indiegogo and Indiegogo only releases those funds if the campaign is successful. All backers will be kept informed of the progress along the way through regular updates and progress reports through both Indiegogo and through a Campaign Updates page on our website. Backers will receive regular newsletters updating them on progress and perk fulfillment.
A streaming contract is a security, specifically addressed in the Dodd-Frank Wall Street Reform and Consumer Protection Act. Where is your SEC registration ?
Protip: Before you find yourself waiting in line to be tried for Securities Fraud , read this book.
Try page 10 for a quick primer.
