Quote from: tippytoes on March 12, 2019, 08:22:34 AM

Quote from: Pivent on March 11, 2019, 09:34:24 PM

Quote from: tippytoes on March 11, 2019, 08:22:10 PM

Quote from: Pivent on March 11, 2019, 08:02:56 PM

Quote from: dzkrb1966 on March 11, 2019, 06:50:14 PM

Does this mean that while you do not have the equipment about which you shot the video? Or are you going to buy it with funds raised from investors?

Yes, we will be purchasing the equipment and our first mining facility using the funds raised from investors.

So you need to be aggressive with your STO phase. Does it mean also that you are dependent with the funds raised if this platform is a go or no go? You have your documents in place already that shows your sincerity for this project but in the worst case scenario, what if you didn't hit your target funds? Any plans afterwards?

The expansion of our mining operation is dependent on the funds raised. At a minimum, we will need to purchase our first facility in order to continue growing. If we do not hit our soft cap of $500k by the end of the STO, then we will refund all of the funds back to the investors. The mining operation will go on, but will grow very slowly given today's environment. This would be done by swapping aging ASIC equipment out for FPGA equipment, as they are important to our long term goals. We'll also push for our socioeconomic initiatives, just in a limited capacity.

Thank you for being transparent with your plans. I asked such question because there is no guarantee that a certain project can always achieve their soft cap even via STO, which is I believe better than ICO. At least we know that you are still pursuing your platform if in case you are not able to hit your soft cap. This is the usual bottleneck of most projects.

Yes, I feel it is very important to be transparent and upfront as possible. This is very true, given two identical companies, one will succeed while the other will fail. It seems strange that it happens, but it does. We are approaching this as a marathon and not a sprint. That is why our STO will be open for one year or until we hit our hard cap. It is very important that we get the right set of investors that believe in the future of cryptocurrencies and are passionate about giving back to make a meaningful change in the world. Thank you for asking the question and giving feedback as it helps to get more perspectives which helps us grow.