Quote from: Proxik on November 30, 2017, 02:16:25 PM

Quote from: CIF on November 30, 2017, 01:04:30 PM

Quote from: Proxik on November 30, 2017, 10:54:07 AM

Quote from: CIF on November 30, 2017, 01:09:52 AM

Quote from: Proxik on November 30, 2017, 12:15:00 AM

I think this project is interesting but I have some questions before investing. It would be nice if the CIf team can answer my questions.

Q1: How much is raised in the first phase of the ICO?

Q2: In this forum there has been spoken by the CIF team about VC funding, but there is nothing about it in the whitepaper? Where do the tokens come from which they are buying?

Q3: In the whitepaper you can read that the CIf token will be tradable after the first ICO phase, since the first ICO phase is over, why is there no exchange listing yet?

Thanks in advance,

Proxik

Hi Proxik - great questions - let me provide some insight.

Q1: How much is raised in the first phase of the ICO?

2.95138071 BTC was raised - 29513.44 USD - 38200.32 CAD 8:04 EST 29/11/2017

Q2: In this forum there has been spoken by the CIF team about VC funding, but there is nothing about it in the whitepaper? Where do the tokens come from which they are buying?

So the VC funding came into play when we realized the opportunity that presented itself in the public markets - working with Duane and Joseph we are extremely close to a deal with will see a significant amount of capital raised and a public listing on the TSXV. This came into play post whitepaper and is more properly represented in the pitch deck and business plan - as seen on https://www.cryptoimprovementfund.io/investors/

Q3: In the whitepaper you can read that the CIf token will be tradable after the first ICO phase, since the first ICO phase is over, why is there no exchange listing yet?
Due to the sentiment relayed by the community that it would be a bad idea to list CIF before the ICO was complete - we chose to hold off. However the Escrow agreement does dictate that we must list before any of the raised funds are released from the multisig wallet so buyers still have that protection in place. We didn't want what was happening to several other coins that listed pre-ico completion, to occur.

One thing that is a sign of a strong business is the ability to adapt and change. I can say with confidence that no successful business is 100% to the tune of what they initially drafted on paper x years ago. Very appreciative that you took the time to read through the whitepaper - if you read through our website and our medium where we post alot of activity - our path will make more sense and you'll see where we've started and where we hope we'll end up!

Thanks again for the thoughtful question.

CIF

Thank you CIF Team for the reply.

Just to make sure: the supply will be 200 mil out of 500 million? Or will there be more supply because of VC funding?

Maybe this question is somewhere in the documents, but I will read pitch deck and business plan as soon as I got back from work and there is less time left to invest in ico phase 2.

Thanks!

Proxik

To answer your final question there will only be 200M sold - the VC funding is for actual equity in the company. The only coins that will be available for any equity investors are the 10m set aside for the team however that's up for negotiation and will be divided internally.

Thank you CIF Team, I am in, wish I knew this project in first ico stage.

At least you know about it before Dec 1st!