Post
Topic
Board Tokens (Altcoins)
Re: [ANN][Reg. Pre-ICO] MedChain - Decentralized EMR Storage and Retrieval
by
PotatoFlakeSTi
on 23/03/2018, 05:06:07 UTC

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!)

StartEngine is getting 6-8% of the raise for KYC/AML, that means they are already receiving 30k+.

Not using their ad company, we started using them before they marketed any such thing. I'm trying to be very engaging on Social Media but it gets hard with the limits on 'term' language.

Legal is already way (way) above that, but those numbers will all be part of our disclosures. 99% stateside investors so far.

Thanks so much for your interest and the merit!