I have been following this project for some time and really itching to invest in the token sale.
The updated whitepaper where it says you get basic app access for 1000 TAY is nice and i will probably use that.
The thing i just don't see yet is the use of the tokens if you are not planning on using the app.
They say you can pay for a subscription using tokens but you can also do that by credit card, so no real need to buy tokens to get a subscription.
The other premium services for which you can pay with TAY are still not clear, so right now i have no clue if these tokens are of any use??
Please explain the use of tokens a bit more. Just can't see the value of it right now if i can also pay for a subscription and additional features with a credit card.
Also if i do the math correctly, 1000 TAY will give you free App access, the basic membership will be around $ 60 a month, so that's $720 a year.
So basically 1000 tokens are worth $ 720 (if you considder holding them a year) which means $ 0,72 cents. The token sale lists 1 TAY at 0,0007 ETH which is around $ 0,63 cents now.
So by taking a risk and buying 1000 TAY i will have to use the app for at least 10 months to end up saving money on a subscription. I might not like it or use it longer than 10 months. Also the first 6 months are free so basically i have to wait 16 months before my ICO tokens will be cheaper than just buying a regular subscription with credit card.
So it comes down to the question: What can i do with the tokens besides using it on TAY services and subscriptions, and what will the exac pricing be of the different subscriptions and additional features.