Hi Hybridx,
Firstly we are not looking to sell anywhere near that much in tokens, just around half that. Ofcourse the ETH price could double next week, but it could easily drop down 50%. So let's consider the price today.
I agree that the software development wont cost anywhere near what we are looking to raise, but we are not just a software company. We are an exchange business which deals with peoples FIAT money and their tokens 24 hours a day.
There are significant compliance issues to deal with in multiple jurisdictions. We will therefore need offices and companies registered in multiple countries. To do the job properly requires a lot of money, especially as we need to stay ahead of regulation.
Some projects will try to raise less because it is easier, but they will quickly burn through their money, and dissapear. We has a clear idea where we need to be and what it will cost.
I understand your desire to compete, but asking to sell $96m of tokens with no working product and no announced partnerships is a little ballsy no?
I've project managed software projects, and for the life of me, can't see what you would spend that on, especially as you are only selliing 60% of tokens too?
I want to invest, I love the idea.....but I just need something to get my head around this price.