I understand that you are not holding any fundraising activity here but 50% of the tokens are allotted to the team?
A very high number of allocation even if you are slowly selling off your tokens.
What is the chance that this project will be abandoned after selling even 15-25% of your allotment?
Just want to hear solid answers from the team.
Hi TimeTeller, great question and happy to answer;
I've personally funded the entire project and spent a lot of time/money over the last 12-18 months, this project is a long term goal/vision for myself and the team.
There is 0 chance the project will be abandoned, All of our core team is from Brisbane, Australia along with all of the 3rd party companies who are being hired to do the work are from Brisbane, Australia as well (AR/VR side etc..). As you can tell by the work that has already happened and with no prior funding for any work we are committed to this project.
As token sales happen (all preplaced for you to see currently on Etherflyer -
https://www.etherflyer.com/trade.html?pairs=VITO-ETH) you will also see a floor price wall increase to ensure anyone wanting to exit the market doesn't end up with a massive loss like every other token available on the market, We also have enough liquidity from the get go to ensure even if 100% of the airdropped tokens are dumped on the market they are essentially repurchased by ourselves. A lot of other projects are down currently 90-99% from ICO levels that were started in 2017/2018, with our approach we can create a solid market from the beginning (I've been around crypto since early 2016 so have seen all the ICO/IEO/Presale/Masternode presales etc..) and we have used this to our advantage from being around and taking notice of so many other startups before to see where they have done well and done bad to combine it all together to give us the best chance at success.
Hope this helps answer your question and clear up any concerns. Cheers!