Post
Topic
Board Tokens (Altcoins)
Re: [ANN][Reg. Pre-ICO] MedChain - Decentralized EMR Storage and Retrieval
by
rickC137
on 23/03/2018, 04:43:20 UTC
Following this offering we will be conducting the more typical Regulation D 506(c) or 'Reg D' for accredited investors only. When we are ready to deploy our software/blockchain we will be conducting our Regulation A+ ICO to take the Token 'public', so to speak. (Currently projected for late 2018 early 2019)

Hm.  Interesting that you would have gone CF before the Reg D 504 from family & friends.  So, if this wasn't the ICO, then StartEngine didn't charge you $25k, their fee is only $5k.  I would think that the KYC / AML checks that they are doing on the investors alone is worth the rake.  Are you also doing the 5% advertising reinvestment through their captive ad company?  Seems like you are getting some great interest of FB, which is typically a pretty fickle crowd.  Props to you for getting back to them on all the questions, I think that is half the battle.

Regarding office space... it's interesting that RIOT Blockchain is in Castle Rock too... such a small town for two notable Blockchain entrants.

The CF has to be profitable for you.  Figure $28k in rake, another $30k in ads, $5k legal and maybe $5k accounting and you are still up $332k.

Are you getting most of your investors stateside or international?

Watching you with great interest, and hopeful for your success! (I awarded your first ever merit point on BitcoinTalk!)