Re: [ANN][ICO] SPECTIV: Decentralized VR Streaming Platform | ATTENTION MARKET TOKEN
Fair enough 8 made an error in calculating and added one zero too many to your coin ask.
However this does not take away that you are still trying to raise $14million for this ICO based on an idea. Also you are planning to hold onto $60million token which if valued the same will be worth $9.6 million. So all in all you will,be potentially in charge of $23.6million... Let's be honest you hope to have operational costs in the future, your negotiations for licensing could stall or hit a wall... what then? Will you return the money...? Nope doubt it.
I don't mean to piss on your ICO but like I said, such greed and money grabbing attempts will make crypto seem like a sham and cause a bubble. If you fail to deliver a working product this will be called a scam. Personally as an investor I would invested if you had your ICO a bit further down your road map when more critical elements of the platform were in the bag. But even then how would I know I can trust your info.
So FOMO will not guide me here...
Given that this ICO bubble will not stop, I hope one day people who do not deliver on their promise will be brought to book and forced to return the funds they collected. After all they are all written to the block chain
However this does not take away that you are still trying to raise $14million for this ICO based on an idea. Also you are planning to hold onto $60million token which if valued the same will be worth $9.6 million. So all in all you will,be potentially in charge of $23.6million... Let's be honest you hope to have operational costs in the future, your negotiations for licensing could stall or hit a wall... what then? Will you return the money...? Nope doubt it.
I don't mean to piss on your ICO but like I said, such greed and money grabbing attempts will make crypto seem like a sham and cause a bubble. If you fail to deliver a working product this will be called a scam. Personally as an investor I would invested if you had your ICO a bit further down your road map when more critical elements of the platform were in the bag. But even then how would I know I can trust your info.
So FOMO will not guide me here...
Given that this ICO bubble will not stop, I hope one day people who do not deliver on their promise will be brought to book and forced to return the funds they collected. After all they are all written to the block chain
Thanks for the commentary - your concerns are valid and may be shared by others evaluating different projects.
First and foremost, there is risk associated to ICOs. It is possible that market participants could buy token for a platform which never meets the expectations it set. This is an important point and we are happy people in the community like you are challenging it to make the blockchain a better environment with higher standards. However, this can sometimes serve as a distraction from the bigger picture.
On behalf of the Spectiv team, we believe ICOs give the average person the opportunity to take part in the success of something bigger than them, with the added security of blockchain technology. This is a powerful innovation.
To your point, some of the platforms that utilize this innovation will fail in the future. This is the nature of startups and is a characteristic that will never change. As experienced entrepreneurs, we understand this better than most.
With that said, one must also appreciate that a number of the platforms issuing tokens today will succeed in executing their projects and that some will even achieve major mainstream global adoption. In these cases, token purchasers stand to benefit greatly. This is our mission.
Ultimately, it is the responsibility of market participants to use their better judgement in deciding which projects they choose to support. You priced our project at a lower valuation than what is implied by our max cap - that is your speculative opinion and you are entitled to it. However, the aggregate market will have the final say in Spectiv's valuation. We have a clear and concise vision for the future and it is our objective to help the community see that vision and give them an opportunity to take part in it.
We encourage market participants to evaluate a blend of factors before deciding to buy token in a project; the product, the token's utility, the team, technical overview, state of progress, etc. In evaluating Spectiv, we hope market participants visit our website and take a close look at our team, our strong entrepreneurial background, and our history working together on successful projects. Look us up on Google, LinkedIn, or YouTube.
We are confident that the market will accurately price our project for its true value and hope that SIG purchasers are equally as excited about the future of virtual reality as we are. We look forward to updating you all on new developments, partnerships, and sponsorships leading up to the crowdsale. Keep an eye out for us, Max!
So impressive to see how the thought the Spectiv team has put into this. I agree that a lot of crypto fail, but I see big thing for Spectiv! I am sure to keep following as long as the team keeps involved. So many translations too, do you have a Chinese translation coming?