Quote from: ONEPAY on January 31, 2018, 07:35:43 PM

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Thanks for the replies.

I still think you should reveal your team before the crowdsale. How often have you given money to something without actually knowing who is building it?

While we see the benefit of releasing our identities, imagine the following two scenarios:

1. Before we have secured an attorney, we release our identities. It turns out that something we were doing did not comply with US securities laws or was some kind of SEC/FTC violation. We are forced to return anything we raised (be it 10 eth or 10000 eth). This leaves us at 0 Eth for all the time we spent promoting the ICO and doing marketing (we havent hired anyone for marketing, we do all of this ourselves currently). We may also face civil penalties.

2. We do not reveal our identities before the sale. We raise less eth than we would have (lets say we only raise 100 Eth). While we raised a small amount, compared to scenario one (where we raised nothing and might have been penalized by federal regulatory bodies), we are still 100 Eth ahead. This eth is enough for us to hire an attorney and purchase listing on an exchange. We can always sell tokens through a dev sell wall to raise more money. The product development wont be put on hold since we do not need to hire any developers. Not having marketing wont kill us, since releasing a working product will organically drive buyers to our ERC20 token, and will allow us to raise eth on the secondary market (aka exchanges).

In short, we've weighed the pro's and con's of releasing our identities before hiring legal help, and the cons far outweigh the pros. We dont need funds to BUILD our product, we need funds to PROMOTE it. Building apps is what the entire team is specialized in, so funding or not, it will eventually get done. Not to mention all of us are employed full time, so there are no starving developers living on hopes and dreams on our team :]

If people do not want to trust us, we don't blame them and we do not hold it against them. Just for perspective, people thought EOS was a scam when it was announced.

That's pretty much what I was looking for. To see if you guys did your due diligence.

Two things that stick out:

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dev sell wall

Not familiar with this concept in terms of a team putting a sell wall up (maybe that was a typo)?

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Not to mention all of us are employed full time, so there are no starving developers living on hopes and dreams on our team :]

Employed full time working on this project? How many are there of you, if you can reveal that?