I find this project really interesting and would love to invest but I have a question:
If I understand correctly all the money in the fund has to be raised during the ICO and there is no way to increase the money under your management afterwards since you always pay out % of the profits, right? This seems problematic to me as you'll hardly be able to grow your business. The management fee will always stay the same, so the performance fee is your only additional stream of income. In your white paper you state as long term goals.
How is this supposed to work if you don't raise that money during the ICO? Or am I completely missing something here?
Thanks for answering!
The 10% MASS that the team owns provides that after 1 year.
Is there an update regarding what the next steps forward Are? Continuation of the presale for the remaining blocks, straight to ICO? Thanks for the quick response to the hack!
Nothing yet, we are still seeing what most of the community would like to do. So far it is leaning towards having a short 're pre-sale' with the missing amount from the original pre-sale. But that is not finalized, once we decide we will let everyone know more details.
Funds have been returned. A big thank you from MASS and the community:
https://etherscan.io/address/0x85c9397f39b87cb18c04f5c11170cdcf2485d8ecMore information to come soon!