Quote from: Jamhuck on December 23, 2017, 01:25:20 PM

Thanks for the support everyone! We really appreciate it

Quote from: maurobiasolo on December 22, 2017, 12:29:53 PM

Hello,
I have a concern over the 50% pre-sale bonus. I keep seeing many ICOs dumping immediately after they are traded due to large bonus like this (we also have to add bounty tokens, normally on sale).
What are your plans to prevent dumping?

Yes, it is quite a big bonus. First of all, to clarify, the reason we have a larger bonus is
1. There are no refunds for pre-sale investors as these funds will be going directly towards continuing development of our MVP and doing marketing for the Main ICO. As such, there is a larger risk when buying the Pre-Sale and we want the price to reflect that.
2. We do need that funding early on to ensure the success of the Main ICO. Again, it's to make it more attractive.

That said, we have considered it carefully and don't think it poses a critical issue for token value, especially in the longer term:

1. In the short term, to be frank, we expect there will be dumping by initial ICO participants. However, this is something quite common among many ICOs, whether they have a large pre-sale bonus or not, and is not something in our immediate control.

2. We expect the MVP to be ready by late Q2/early Q3
- We maintain active outreach with the community and demonstrate active development occurring to show people that the coin isn't dead, even though the price may have taken a dip
- Release our platform only a few months after the ICO, giving the token real utility and recruiting actual users into the token ecosystem (and thus generating demand for it)

3. The pre-sale token cap of 7m ACO is not a huge percentage of the overall pool
- Max supply is 90m ACO, if we reach the hard cap
- If we just reach our standard funding goal, there will be ~45m+ ACO)
- The bounty program has been allocated 150k ACO

4. We have designed token growth & stability mechanisms which should further limit the impact of dumping and ensure adoption and growth of users entering the token ecosystem at an early stage
- more info on this can be found in our one-pager and whitepaper

In short, yes we expect there will be some dumping and there's nothing we can do to prevent it completely, however I do think the way we've designed it and plan to move forward with Acorn's platforms and mechanisms a short time after the ICO completes can minimise the impact of dumping and make sure it only lasts a short time.

Hope that answers your question?

Ye, quite enough. Your point of view is clear. I hope project get necessary funds for development. idea is good for implementation and competition