The market is not good yet, are you going to try to rase funds in such conditions?
Hi,
Yes, because it's not only the cryptomarket at the time of our token sale that needs to be taken into account; we also consider two other factors:
- The time it takes for us to fully develop and deploy the marketplace, and where the cryptomarket will be then?
- Could others build similar marketplaces and set up strong entry barriers?
As mentioned before, we have a clear plan to lead our marketplace to profitability. We think the tradeoff is worth it. Moreover, we also expect once the market is good there will be thousands of ICOs with huge marketing budgets. We don't have this luxury. In fact, if we had millions, we would put that into development, not marketing.