Love the transparency of information you provide. I didn't see so detailed use of each funding round proceeds in any of the project before. I would also ask you why do you need a total $125mln (from 3 round of funding, correct me if I'm wrong) to build your network? Thanks
Hi,
Thanks for your flattering words and for the good question, I assume many would ask the same.
If you look in the breakdown you will notice that we have planned a total of 14.2 Million for marketing to be able to get to the last crowdsale where we will spend a fortune on the network expansion and major part of this fortune will be paying for advertising campaigns.
While until the end of Pre-Sale 3 we will only market the ICO once the World Winners Network goes live as a fully functional product here in Bulgaria (and the token will be utilized) we will start expanding our team, build an international infrastructure, open offices, establish partnerships, advertise the platform, pay for legal etc. in order to go International and then Global.
I know 125M is a lot of money, but as I was involved in building the network of world's largest shopping community (Lyoness International) I know these probably won't be enough and we will have to use a portion of the revenue we will be generating already.
So yeah, there is a lot more than simply building the network and trust me when it comes to such large projects money just vanish in no time.
I'm sorry for not being able to provide you with exact breakdown, but although we have great economists and people with financial background in our team it is simply impossible to do that even for them.
One thing I can promise, as we progress we will try to keep our community as informed as possible. When the ICO is over we will count on the contributors who supported us to be the first users of the World Winners Network.
I hope I managed to answer your question