Quote from: TheEscrow on April 22, 2017, 01:19:34 AM

Quote from: locohammerhead on April 19, 2017, 04:39:40 PM

Quote from: mandar_sn on April 19, 2017, 02:47:28 PM

Quote from: locohammerhead on April 19, 2017, 12:13:05 AM

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

Regards,
locohammerhead

You have mentioned min amount as $100K but in the PDF document you have provided link, the lowest amount mentioned is 500BTC ($500-600K). Please can you explained how can you go ahead with the project if the funding is less than 500BTC?

In the first page the list of directors/developers is around 8-9, are you guys planning to work free for a year till product is developed?

Hello,

The 100,000 is so we can get the full mainnet functioning with all current ARK features and to start work on the Smart Contract system. The team has been working for free for the past year and half. So we will be taking a small cut while leaving more than enough to ensure developers are happy. We are updating the Use of Proceeds document to show this.

Regards,
locohammerhead

ARK, the first fork of Lisk, was founded in September 2016. That's 7 month ago. Can you tell us, what your team has been working on, 11 months before September 2016, if Blockpool is just a fork of a fork of Lisk?

Hi TheEscrow

Our original plan was to fork from LISK. However throughout our research we were worried about their development progress. At this time we had already started building business partnerships so the need for something that would work out of the box was a growing concern. When we came into contact with the ARK team, it was the best of both worlds. They had cleaned up the junk code from LISK and provided a stable platform faster than LISK did. This provided a distinct advantage for BlockPool since we didn't need to put forth the effort to clean it up ourselves. We can focus on building what we need to in order to fulfill business needs instead of focusing on stability issues.