Quote from: Dhoe on September 29, 2019, 03:06:04 AM

Quote from: isonex on September 28, 2019, 01:32:47 PM

Quote from: Dhoe on September 28, 2019, 12:40:47 PM

Quote from: BlinkInDie on September 28, 2019, 11:27:39 AM

Which exchange are you gonna conduct your STO? Go for big ones with large volumes, it will definitely help with the fundraising for sure.

They have a cooperative relationship with Exchange Exmarket, so they will most likely sell their tokens on the Exmarket Exchange. If it's true then I'm a little pessimistic about them can reach the specified target. Indeed, selling tokens in large markets can definitely help with the fundraising for sure, But they must have large funds to be able to list there.

Dear Dhoe, thank you for your question.

A few things to take note of:

1. The exchange that we list on is almost irrelevant for IX15 investors because IX15 holders can liquidate anytime via the Smart Contract

2. The specified hard cap has been put there because the market cannot at this moment in time handle more volume for the 15th coin in the fund. The fund is equal weighted which means that there will be the same dollar value in BTC as there will be in X 15th coin, obviously X 15th coin will have less volume available to trade than BTC, which is why we have capped the fund at USD15 million.

3. IX15 does not have a soft cap because the cost of running such an operation is low (which is why the annual costs are 0.5%)

4. we would have jumped at the chance to list on any of the major exchanges however none of them excepted our offering because undoubtedly IX15 is a security token.

5. 97% of the fund raised will go to purchase the underlying assets, the rest will go to listing the token on exchanges, legal and marketing costs.

6. Cayman Islands regulations are strict with their requirements for KYC / AML in relation to cryptocurrencies because cryptocurrencies are considered legal tender in their jurisdiction.

Can you explain how much money you have collected so far? Has it reached 97%? You say if you reach a fundraising of up to 97% then the fee will be used for the token on exchange listing, etc. What if you don't reach 97%, will you cancel the token listing on the Exchange?

Dear Dhoe

Thank you for your question. The 97% we are referring to is the fund allocation. For example if we raise USD 100k then 97% of that will go to purchase the cryptocurrencies in the fund, therefore USD 97k. If we raise USD 10k then USD 9.7k will go to purchase the cryptocurrencies in the fund.

Continuing with the example above. Once the token sale is over, we collect all the funds and purchase the cryptocurrencies in the top 15 equally dollar weighted, which means USD 970k divided by 15 coins = USD 64667 for each coin. BTC, ETH, XRP....... to the 15th Coin.

The remaining 3% will go to paying for exchange listings, legal costs etc.

There will not be a cancellation of listing on exchange because there is no soft cap. Whatever amount we raise we will launch with because like we said we are not raising money for development, we are raising money to invest in the top 15 digital currencies. We are already fully developed.