So how are much are you aiming to raise?
The hardcap is 38383 ETH, but the project has already received enough in pre-sale and pre-contribution funding to be successfully completed.
ChronoLogic, If you had to explain this whole concept to a 10 year old how would you explain it in simple simple terms to someone that young without a ton of crypto knowledge? Very simple in plain english terms. No fancy crypto terms. Just wondering as if something can't explain or be understood by a 3rd grader I have never really invested in it. I want to invest in your ico but I want to see if this can be explained in very very simple terms so a 3rd grader could understand it. It seems half the grown ups don't understand the entire concept and only a few so please explain in very simple terms from the ico going on down the line. The concept in simple terms, the reason to invest in the short or long run and reasons to just hold the coin for value. Say someone just holds the coin for 5 years without doing a thing should he expect a great return on investment?
I will try.
Basically by contributing in the ICO you are able to mint/self-mine new tokens on your ethereum address (this is called a TimeMint) based on the balance and the amount of time you hold it. Similar to how an interest bearing bank account pays out.
Other time based projects will then be able to run on the same system creating more value for DAY tokens.
As for whether one should expect a great return on investment, people at ChronoLogic obviously believe so but the only person who can answer that is you and anyone else who contributed or is planning to contribute.
Very cool, this is extraordinarily good news. Curious whether people will decide to invest during the ICO or just wait until it gets listed on exchanges. Have there been significant discounts during the pre-ico so that those coins might get dumped straight away?