Thanks for the kind words FarmerOak!

I have been into crypto for a very long time and always thought the volatility was holding it back in terms of it being used as a currency. Obviously we all love the price going up but for a currency that is not a good feature. When Ethereum first announced it was apparent to me from day 1 that this platform would only flourish if there was a stable currency on the platform that would allow people to use dapps without gambling the value of their money. When I first founded Decentralized Capital we took a more centralized approach to the problem, acting like Tether does and holding the reserves in a bank account. We've since come to terms with the fact that the fiat-backed asset market will move into the domain of banks and also be heavily regulated. The real future in blockchain tech lies in permissionless innovation and we are excited to move our product back in that direction!

Per your second question, we have spent a lot of time and effort going the VC route. We had plenty of promising leads that always seemed to fall apart at the last minute. It was really hard for us to know we were missing an opportunity to build something amazing but at the same time we were a bit uncomfortable with the token sale route. Progress has been made with the legality around token sales, leading to the SAFT documentation we linked above. Since the mvp of IDEX is already live we are able to combine a utility token with SAFT and create a token pre-sale that is legally compliant. Given these advances with the token sale approach we decided that the time was right to go with a token sale.