So it has taken this project more than five years to launch a token sale. There are a few things I like here but isn't a softcap of USD10 million a bit too much for an advertising and marketing platform?
Not 5 years, the idea came to me in 2013 when I got involved in crypto. We were waiting right time for launch and started dev 2 years ago while growing company staff from zero.
There also is no softcap! We are self funding this project, though our targets can help us boost the business.
As I wrote before to other poster, please read Whitepaper or at least one pager to understand what we really want to deliver.
Remember - Cma marketplace is the first product which is developed already and launched.
Okay, this is confusing. No softcap but what are those "Entry $10M; Intermediate $30M; Target $40M+" in this ANN thread for?
It's needed for contributors to understand what we are going to do based on our roadmap if we reach specific target. In case we do not reach 1st target, we will follow the roadmap, but it will be much slower than we want. That why we are doing ICO to get funds for futher development and expansion. Currently we have only 1 product which is brand new and will be used to create revenue which also will can sustain our business.
Why contributors should care?1. There is high demand for the market we are entering in with our advertising and marketing marketplace. So high liquidity when we get into biggest exchanges.
2. We have token lock-up option for our sellers (publishers) to get 50% Fee discount. So each publisher can lock-up to 5 million tokens to get biggest fee discount.
3. Crypto market have reached bottom and people are starving for money, and are ready to do anything it takes - we can grow our marketplace very fast. Again this will impact token demand.
4. Our token will be swapped to our new blockchain which we plan develop. If we will reach 2nd target of ICO - this will happen very fast, we will get this blockchain running in 2020, we are neighbors with Bitfury and we plan to work with them on development of this blockchain because they are pioneers in this field. This will bring another utility to our native coin because it will be used by marketplaces who will want get on our blockchain ( I have a deal on the table with amazing local services marketplace already).
5. Futher coin will be used on our ICO platform for marketplaces to get into it and buy promotions etc.
6. Also coin will be used on our visual drag and drop marketplace builder - anybody will can make decentralized marketplace and get products for sale instantly, and start making money with it.
7. Our coin will provide everything needed to create network of marketplaces, plus it will be used as payment method for all transactions, even if marketplaces will want their own coin, in the end it will be converted to pay vendors for the products.
To get more info and understand everything spend some time please, trust me it's worth it:
https://www.cryptomarketads.com/CMA_whitepaper.pdf
I just visited this thread and saw but there is something that makes me interesting that on the first page says NO SOFT CAP. How did this project work without any funds from interested investors from this project? whether this project will succeed in achieving what they want. sorry I asked a question that some people might have asked.
We are self-funding our first CMA marketplace, but we need funds to grow further in rapid way.
No Soft-cap just means, that contributors are protected that project will be continued after any ICO result. Meaning if we will not reach our 1st target, we will continue project with all funds we have got from contributors.
Though funds are needed to get into biggest exchanges, develop 3 new products, get into new markets and do massive marketing.