Re: [ANN][ICO] 🔥💥 Angel Token 🔥💥 - Altcoin Investment Fund 'Creating' Wealth
I must say that the professionalism you guys have shown just in answering the questions so far, as well as what I could glean from a quick glance at your website and whitepaper, this looks like a very interesting project!
I agree with you on the anonymity issue, and I completely understand why, as traders and investors and paying dividends to investors, you want to stay anonymous. It was the same with Cryptoping (and I think they raised at least $2 million with an anonymous team) and there are many other anonymous projects out there as well. It's clear that you guys know what you are doing, and the names of a team don't really give any extra security I think, unless it's someone like Vitalik of course!
I think I am going to invest some Ether in this project and I will be following it closely. I want enough that I get 10 thousand tokens, so I can be part of the "insider community".
Of course I want to get the maximum bonus possible, but I just hope this ICO won't be one of those that sell out in 39 minutes and most people get left behind without getting in!
I have one question about the guaranteed investor protection though. Doesn't locking up 80% of the funds until march of next year also mean that you will have less Ethereum to trade with? I mean you can't have it both ways. The investors Ether being secured and you using it to trade with as well?
I agree with you on the anonymity issue, and I completely understand why, as traders and investors and paying dividends to investors, you want to stay anonymous. It was the same with Cryptoping (and I think they raised at least $2 million with an anonymous team) and there are many other anonymous projects out there as well. It's clear that you guys know what you are doing, and the names of a team don't really give any extra security I think, unless it's someone like Vitalik of course!
I think I am going to invest some Ether in this project and I will be following it closely. I want enough that I get 10 thousand tokens, so I can be part of the "insider community".
Of course I want to get the maximum bonus possible, but I just hope this ICO won't be one of those that sell out in 39 minutes and most people get left behind without getting in!
I have one question about the guaranteed investor protection though. Doesn't locking up 80% of the funds until march of next year also mean that you will have less Ethereum to trade with? I mean you can't have it both ways. The investors Ether being secured and you using it to trade with as well?
Hi Monetizer,
This is Rob here from the Angel Token Crypto Foundation. It seem like my other team members have missed your question, so let me answer it.
You are correct that 80% of investor funds are indeed locked up in the Ethereum Smart Contract during 100 days, (and 40% for a further 50 days), and the funds are NOT available for us to trade with during that time.
We looked at what we have accomplished in our altcoin trading on our own over the last year, as well as how other big ICOs have handled the Ethereum or other crypto funds trusted to them from the investors.
In terms of most ICO projects they don't really NEED all the funds they raise immediately and up-front. Many of the teams just sit on their funds for long periods of time, or turn it into fiat that also just sits in their accounts.
This approach does nothing good for the investor. He believes in the project and wanted to invest, but he no longer has access to his funds and the team is not actively using it to built or create the thing he decided to invest in.
It's really a kind of "capital destruction".
Because funds, (whether crypto or fiat), should be invested or used to create wealth...not just sit around waiting for some day 2 or 3 years down the line when the team is running low on money!
So we figured that why not give the investors the opportunity to "change their mind" on the project, if they are not happy with the performance of the team, or even the token exchange price after the ICO.
As a team we are quite confident that we will blow everyone's expectations away in regards to giving investors a huge and early return on investment (ROI).
So we think it's in everyone's interest that investors get the chance to evaluate us for the first few months, and we are as comfortable proving ourselves with 20% of the total capital as we are with 100%.
In the meantime the investors in essence remain in control over 80% of their invested capital, giving them maximum flexibility.
