Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Notary (NTRY) Project- BOUNTY ANN - 30.4.17
by
NTRY
on 30/04/2017, 14:16:47 UTC
All are asking for bounty---free coins.

How many people are very interested in these?

15000BTC WOW!

once again Smiley -->



Quote
The maximum financing (cap) lies at 150.000.000 NTRY = 15.000 BTC to complete all of the
stages mentioned above. This quantity of the tokens is also definite.

15000BTC Is not a small number

Hey Ghuang168! let me copy, what I've already said Smiley

First, I would like to thank you for your opinion!
Even if that wasn’t a question I will try and break it down to you, why there is a 15.000BTC number cap on our project.

1) DEMAND : SUPPLY – basic economy
We fully believe in our project, it is our baby and a project of passion. We want to offer enough NTRY tokens for everyone interested in our project, so all of you can be a part of the journey from the beginning on. We will have a minimal cap and we will have maximal cap and at the end it all depends on people’s perception about our project.

Even if the cap is not met the rest of the tokens will be burned. This is also the first and last time the tokens will be issued. So we see no harm to give a cap so high.

2) TRANSPARENCY

We believe in transparency. No matter how much we raise, nobody is getting rich on our team, because of your investment. We have all good careers and steady income (check the team).
We are working on contracts which would release a before calculated amount of money (not more and not less) for every Notary Platform stage mentioned in our timeline. This will also be all provided for public eyes. As I said in previous post, we don’t have the intent to hide anything!

At the end of the day, this is just our draft of the WP and will change on our way to the ICO. For now we have mostly focused on the technicalities of the project and how much money do we need for presale to somehow finish the stage 1, so we can show you a working platform BEFORE the ICO. The final draft with the definite ICO numbers will be up after presale.


What is the minimum amount of btc for the project to launch? Will it not launch if a certain amount is not collected?

You mean minimum for Pre-ICO? we will announce everything regarding that shortly.
For now all I can say is that our team will launch this project no matter what happens in Pre-ICO. We believe and stand behind this project 100%. It is true that the fully funded Pre-ICO would offer us the needed expansion of our team and our full time employment and devotion to this project, not just part time, like now. But if it happens that the minimum requrements wont be met, our progress woul be a lot slower, but we will still work on in, like I said it, no matter what and try to deliver a finished product to the people as soon as possible.

Saso