Post
Topic
Board Announcements (Altcoins)
Re: [ANN] GoNetwork - ICO by Winners of ETHWaterloo - World's Largest ETH Hackathon!
by
narutos
on 21/04/2018, 03:19:32 UTC
The hard cap of the tokensale decreases with time. This allows you to make the token purchase when hardcap drops to the level that you are comfortable with. By the time we reach the hard cap, the auction will end. Some of you have concerns that the dutch auction will start at a higher price, and end at a lower price. You should not be worried. At the end of the auction, every buyer will be adjusted to pay for the same, lowest price that a GoToken was sold for. Therefore, no matter you came in early or late, you will all end up paying for the same price per token.

The dutch auction earlier announced by the team in their Telegram Channel is also subject to change. And all that won't happen should the team don't make the much needed arrangements to get the project on the road. Currently it'd at a stand still. The story has been the same since December 2017.

They really do not understand what to do and it is clear that behind the project are good programmers but apparently just zero managers and PR people. Many investors who wanted to enter at the beginning now already think and why do we need this if the team itself is not in a hurry at all?

I thought the GoNetwork is backed by a horde of professionals to get their project going as they had so much publicity when they started?

They became popular because they won the competition in a growing market, now few people remember about this victory and the market has strongly gone down. It did not happen so that if they go out for sale they will not be able to collect even minimal amounts. Any rocket that is long worth can rust at the end.

Ok I misjudged that a little bit then. I thought back when they won the competition they also were granted support by professionals and several more extras. Are they a small team on their own now?

On their website, their team has three members and a few advisors, but as an ambitious project scaling ethereum platform, think they have more team members that is not announce/listed on their website. Plus, the three team founders are quite talented!

Team size does matter but in the end it isn't important whether you have 10 people on the team or 20. It is more important that they know what they are doing.

The founders of their team have excellent track of records, plus, they are working on legal structure to set up ICO and crowdsale