Post
Topic
Re: [ANN] TRAXIA (TMT) - 1st project invested by Cardano Hub - 1st ICO to accept ADA
by
sand90
on 12/03/2018, 19:28:23 UTC
Hi Traxia team -

I have few questions about the sales of tokens, as I've seen some inconsistencies in the whitepaper:

1. Page 22 says "tokens will be distributed 30%, 30% (presale, sale), and 5%, 5% it’s for the investors, and bounty program."
2. Table on Page 23:
    2.1 Percentages here for first and second token sales is 40-20, as opposed to 30-30. What will be sold on each round?
    2.2 Will unsold TMT for second round also be burned, or only those from first sale?
3. Page 24 - the Total Discounts during Pre-sale and Sale shows TMT amount for sale in pre-sale, and the 3 weeks of sales to follows. By summing all the TMT’s for sale listed in table, it looks there’s total 760.000.000 for sale – again, inconsistent with the previous numbers; is it either 70%, 60%, or 76% of total TMT amounts (1bil) available for sale?


To all other forum members:

I looked at the contributions sent so far for the ETH and ADA addresses.
6,276,219.13 TMT have been distributed for ETH contributions, and 323,258.00 for ADA contributions (total 6.599,477.13 times 0.09$/TMT =  $593.952.9417 raised).

What are the chances to even raise $5mil based on the progress so far? I do believe in this project, even though it's a Popoulus copycat - I think there's room for both since none of them have market dominance and both are still under development, and are targeting different geographies. Should this raise concerns on the team's ability to raise decent amount of funds, to proceed with their planned roadmap? How does this compares to other ICOs, that are now successful, fund raise progress?

Thanks,
sand90