Quote from: Stroto on September 04, 2017, 02:05:28 PM

Quote from: Lambo06 on September 04, 2017, 12:10:25 PM

IMPORTANT:

A lot of users have been messaging us asking to reduce the Token Sale time a little so that their WiC tokens are not locked in for so much time. Some presale participants were under the impression that they will get the tokens after the end of the presale itself but we cannot do that since that will encourage OTC trading and have a negative effect on the Token Sale.

We could reduce the Token Sale time however ending it around the 15th-20th September if that is what the majority of the community wants. Please let us know what you think!

Thanks!

I am ok with speeding things up a bit.
As around 29 mil WiC are left, it would mean that 71 mil + 29 mil * 0.5 = 84.5 mil WiCs would be distributed.
I know it would be less funding at the start but the sooner the app gets live the better.

But I've read somewhere you had some marketing in the works that would happen during the ICO to attract more investors. (can't find it now) Would that still be in time to reach more investors before an early closure?
And of the tokens you get back (the 50% of unsold) what are your plans for those? Are you going to sell them on the market or keep them for a while and use for the gift cards? I am sure you had a plan for when you would not sell out.

Hey,

So yes we have a press release scheduled to release this week and an article pushed by ICOlert to 14,000+ users today or tomorrow. This will be done even we reduce the Token Sale duration.

We will not be using the unsold tokens for WiC reloadable cards as explained earlier. Will paste that below for convenience sake:

"We will not be buying back WiC or funding the reloadable cards with the 5% which is reserved solely for in-app distribution.
The customer who wants to buy a reloadable card will pay in fiat and the seller of the cards will buy the exact amount of WiC at that moment's price and forward it to the customer. So that means the seller will not have pre-bought WiC but will buy as per the customer demands."

Also, we do not intend to sell the unsold 50% tokens on the market since selling it so early will be not be ideal and we expect the prices to rise much more than what they are now. We will sell only in small quantities and only as and when needed.

Thanks!