Post
Topic
Board Announcements (Altcoins)
Re: [ANN] The Forge Network (FRG)
by
TrentD_TFN
on 18/01/2018, 16:29:48 UTC
There is steep valuation of 100M $ implied.
I can buy right now on the market established anon coins with far progressed development with de-facto proven market valuation at a fraction.
nothing in your whitepaper is specific in development but just generic phrases and mere promises, not really what one would expect given your team with years of programming exp.
your team may be capable and may eventually earn such a valuation by its track record of achievements at a later date.
not sure how your coin want to achieve "first and foremost, community focus"?



Hello there! I do understand where you are coming from when it comes to the valuation of ForgeNet but we did a good bit of ICO market research (other ICOs with close market caps and use cases versus value per token) prior to coming up with our initial value and we also believe that $1.00 overall is a pretty fair starting point given that there are many out currently that greatly exceed our market cap that are valued at much higher per token. Also, we are not just another anon coin. We believe that privacy and anonymity are basic features that everyone should receive.

As to your concern of development; we have these initial outlines and goals of what it is we would like to do and involve ourselves in (which are set to be totally completed within roughly a 12 month timeframe), but past that is where our community will come in and actually vote on our continued direction. We do not believe that the devs should be in total control of the direction a crypto goes. The community first and foremost should have the say.

I thank you for reaching out to us with your concerns and if you would like to discuss it further then feel free to keep it going here or you can join us over on telegram and you can talk to me or any of us devs. We enjoy the talk so there's never going to be an issue whether you agree or disagree!