Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SophiaTX Announcement - The Blockchain for Business
by
Chief__Architect
on 15/03/2019, 09:09:50 UTC
7.3 Mio USD raised in ICO and already running out of funds?
https://icobench.com/ico/sophiatx

Assuming 150k/a for Swiss-salaries, 10FTE could work for 2 years with 3.000k USD?
4.3 USD Mio still left then?

As well assuming Equidato and the project holds some tokens, some actions to maintain the token price would have helped now to raise funds by selling tokens ?  
Didn’t the CEO proudly announce in the AMA that they don’t care about crypto-seasons and have millions in the sales-pipeline?

Big damage for ICO-fundraising if even Swiss-Projects run out of funds, without delivering remarkable results, after raising 7.3 Mio USD in an ICO.
I've seen start-ups delivering far more with 500k funding.