Post
Topic
Board Announcements (Altcoins)
Re: [ICO][ANN]🌙🌙 🌙 Moonlite - Large scale, green crypto mining ICO 🌙 🌙 🌙
by
MoonLite Project ICO
on 19/01/2018, 10:04:37 UTC
Hi again everybody, thanks for the great support. it is truly humbling to see how well the project is being received by the global community, and to see that our intentions are being received as intended.

This has caused sales to soar! we had 17,000,000 tokens allocated for presale, which were supposed to last about 8 weeks. these have been snapped up, and don't look as if they will last another 2 weeks. this is truly an honor! so thanks to everybody for that.






To address the so-called "points" as raised by @OGNasty:

I really do not know how you could draw these conclusions? there is nothing in the numbers, or white paper, or web site, or reality, from where you could possibly deduce this info? I can only imagine that these numbers were thumb-sucked to de-cred our project.

- the total team tokens are 5% of the total supply, locked up for 180 days. this is clear in the white paper, web site, graphs, token swap summary, everywhere? I am not sure where you see that the team has "allocated 83% of tokens to itself" ; nor are we "paying ourselves USD300,000" at any given point. the profit distribution allows for a small team bonus on an annualized, performance based bonus. THE INFO YOU HAVE PUT IN YOUR POST IS SIMPLY INCORRECT AND MISLEADING

- regarding "only 28% of funds go to equipment" - this is also incorrect. we are building our first data centre in 3 phases, just to be frugal. 100% of capital allocated to phase 1, 2, and 3 is used for equipment, construction and setup & retained cash. not $1 is spent on anything else. this is clear in our financial forecasts and Capex budgets on the investor section of our web site. to take this further, we are aiming for $30m-35m on for our ICO. only $12m is allocated for the first data centre. this is again, just for redundancy and to be safe with investor funds. this additional capital (USD28M+) is kept in cold storage until used for expansion. once our first DC is live, we are then in a position to expand with the capital we have raised and stored, instead of waiting for operational profits like pretty much any other mining operation (all expansion decisions and source of capital to be used are vote upon by all token holders) // by managing the cash reserves and deploying operations in a slow and controlled manner, we are preserving capital security, and not wasting public funds on "school fees" -- everything we do is audited and publicly reported on, and voted on where needed --

- setup costs are absolutely minimal, around 10% of capital spend during construction, not 45% - this is made up of construction costs and other costs directly related to equipment housing and installation.

- to correct you on your assumption on what we "expect" of our token holders. we expect nothing from anybody. investing in this ICO is totally voluntary. we use 100% of invested funds on equipment, setup, and the balance stays in cash/currency, and provide audits on every single step. we keep the business almost 100% liquid, and after month 2, 100% liquid (cash and unencumbered assets)  ; plus we mitigate risk on every possible level, from currency depreciation, energy, equipment, team, weather and more.. we promise security and transparency to everybody. 

- Lastly, you mentioned that "by some miracle, we raise $2,55m" - well that was less than the first week's token sales. we will be sold out of presale tokens in the next 2 weeks or so at current rates - around 55% of the way through our presale phase. our seed round was oversubscribed by over 200% in the first week. we expect a full sellout of MNL tokens during our ICO, which may raise around $80m-100M (depending on bonuses paid) if we succeed.

- the maths that you have used to attack our project is fictitious, and frankly laughable. I could not even use those numbers as a means to comment, as they are so wayward, and 100% made up.

I feel that this thread is heading in the wrong direction, and although I invite qualified questions, to which will be answered as best we can, I ask you to please cease this fruitless line of trying to shoot imaginary holes in our project. we have done everything in the spirit of transparency and blockchain. it is actually disappointing to be reading your write ups.

**** AT THIS POINT THE MNL TEAM, MOONLITE PROJECT, AND ALL ASSOCIATES, EMPLOYEES, ADVISORS AND AGENTS HERBEY RECUSE OURSELVES FROM THIS LINE OF COMMENTING - ANY FURTHER COMMENTS, FICTITIOUS NUMBERS, ANGLES OF ATTACK AND ANYTHING TO DO WITH @OGNASTY WILL BE IGNORED. WE WILL NO LONGER BE RESPONDING TO COMMENTS IN THIS SUBJECT/LINE****