Quote from: mandar_sn on April 18, 2017, 11:17:08 PM

Blockpool team, few questions as i can't find these details on the first post..

1. What is your minimum limit for total investment. If you are not able to collect the min amount, is ICO gets scrapped? All investors will be refunded? Does the amount include the investment through audio coin also?

2. From some of the comments, it looks like you are going to use LISK code for contracts. So what is it that makes your team be successful where LISK have failed. whats the marketing strategy to get this coin accepted in B2B business area.

3. You have a large different for the Audiocoin price and the price you are paying/considering in this ICO.. how can you assure me that this is not just a ploy to get the Audiocoin price increase to unload the coins that you may have and scalping the ICO in the end. Sorry for asking this questions, you guys could be genuine but there has been so many scams in Alts

Hi mandar,

Good questions.

Our minimum amount is 100,000. We do plan on refunding investors of the TEC if we don't reach the minimum goal. The ARK Team is escrow so if we don't reach the minimum 100,000 the funds will be given back to the investors. If we reach 350,000+ we have stretch goals set in place. You can find our advanced funding tiers here: https://blockpool.io/docs/BP_PROCEEDS_A.pdf

Question 2
Part 1
The ARK team has done a great job of stripping out the LISK smart contract code and providing a clean platform to work from. We have two options really. Try to implement the new LISK 1.0.0 smart contracts, which I understand could potentially be a hassle due to how they are built. Or two build them ourselves. I'm personally not one to reinvent the wheel if something works but I also have no problems doing so if if it doesn't. Our plan is to try to implement the new LISK 1.0.0 Smart Contracts and test them out on our system. If we are not happy with how they function or if implementing them does turn out to be a major hassle we will create our own side chain system.

Part 2
Over the past year and half we have been working on developing partnerships and contracts with businesses and groups. Kevin Bacon, our Chief Business Development Officer (https://en.wikipedia.org/wiki/Kevin_Bacon_(producer)) has great ties to businesses within different sectors. One company we are working with is called BuzzBike. They are a London based company offering Mini Cooper inspired bikes for free. In return those bikes have advertisements on them.
BuzzBike has asked us to come up with a proof of concept that would allow their biking participants to also receive payment for going above and beyond. The proof of concept is coming along nicely. Some details on it can be seen here: https://medium.com/blockpool/blockpool-brands-poc-8f699c627607 At first it will be using the AudioCoin blockchain. It will then be switching to a Blockpool sidechain when Smart Contracts are functioning. The owner of Buzz Bike, Tom Hares is an avid tech enthusiast and the European Managing Director of Media Arts Lab working exclusively on Apple product campaigns for many years and is one of the BlockPool team advisors.

Question 3

Please, don't fret about asking this question. It's an important one to know. AudioCoin has been around since 2014. Through that time we have seen the community grow. We wanted to provide long time supporters and new comers to audiocoin a chance to get in on the TEC with their existing coins or at a better rate then they might be able to get with Bitcoin.

In order to help people feel confident we have enlisted ARK to provide escrow. At the 15% funded mark $100,000 will be released by the ARK Team so we can expedite testnet development. Only when we produce a stable mainnet (Smart Contract functionality will come after) does the full amount get released.

If your interested you can read up more on the Blockpool team here: https://blockpool.io/team.html
Our business plan, which goes into far more detail for question 2 and 3 can be seen here: https://blockpool.io/docs/BLOCK_BP_A.pdf
Our Whitepaper which explains the BlockPool Blockchain and Data Agnostic Platform: https://blockpool.io/docs/BLOCK_WP_A.pdf
More detail about the use of proceeds: https://blockpool.io/docs/BP_PROCEEDS_A.pdf

Regards,
locohammerhead