Re: [ANN][ICO] NYX - decentralised cryptocurrency and token access recovery solution
Instead of performing an ICO, why did not you start a coin that could represent that activity? Is the fundraising justified by what reasons? Why do you need to raise funds for your project? What are the costs of the project going out of paper without ICO?
Hey, Karodozo,
Besides the MVP we have to deliver an actual well tested product which we can leave to decentralized community to manage. The costs of this product include:
- Testing and formal verification of the smart contract
- Testing and finding correct formulas for Schelling point - this might differ on big numbers
- Implementing neural network on the chain
- Integration with popular wallets
- Reference wallet implementation and open sourcing the tools
- Implementing the system for altcoins
- User education & evnagelism of the product so people would use it before the disaster not after
We want to solve the problem of identification on all levels. This requires several months of extensive development.