Quote from: CoinageOver9000 on April 29, 2017, 01:40:53 AM

Quote from: locohammerhead on April 28, 2017, 04:27:40 PM

Quote from: X-ray on April 28, 2017, 02:49:11 PM

So, how many the maximum cap for this ico? It looks like a promising project regarding the successful of ark project. At least some people are doubt caused by this just another copy from ark but the dev has explained with rational roadmap and progress. This will be huge project in the future.

Hello,

We are utilizing a price discovery system. When we were discussing potential methods we decided against a cap for several reasons.

1. We didn't want to put an arbitrary price on the tokens. Over or under valuing the token could mean backlash from the community from both ends. We want people to remain happy with their purchase.

2. The market decides price and how successful the TEC will ultimately be. By putting a cap and artificial price we not only limit our fundraising we also limit investors access access. For example take a look at Golem sold out near instantly and lots of people were left out of their crowd fund.

3. This method is a best case solution in our minds. It allows access to everybody who hears about the TEC within the two month time frame and it doesn't limit us in our ability to raise crucial funds for development.

Regards,
loco

All sounds great. Just wondering if youve secured any exchanges to perform the ICO and how will the initial coins be valued on that exchange?
If the market determines the price who sets the initial price is what Im asking.

We won't be lobbying any exchanges until forging commences. In our experience this isn't a priority but we do have good relationships with several exchanges. The value will follow the typical supply/demand system with an initial price somewhere around the price discovery level.