I see this project got a lot of supporter, but it's still in the initial stages. Since whitepaper say IEO will be june-july but I'm still curious about when the plan for exact funding date will be released. Btw is this project now in private sale phase?
There is not much information at the moment because covid-19 is causing a lot of projects to be delayed and probably will not go according to original roadmap. What now needs to be done is to wait and hope it will be okay when the situation gets better as this is one of my favorite projects. Of course I want Gema Dao to be IEO at the big exchanges and if this happens then surely this is the project that everyone is looking for.
It is true that we have a setback because of what happens worldwide.Private sale has not yet started because we want the private sale to work as follows:It should be a DAICO.Each investor should have a private vault secured by its own smart contract.Token holders can create executive votes and once voted they will be automatically enforced.Release of funds will be required for roadmap achievements.This will happen in phases.If investors are not happy with the progress they can ask for a refund.This will happen automatically .In essence:a real decentralised and 100% trust-less funding system.We work on this for now and when its ready we will announce the private sale with more details.
Thanks for your understanding.And stay safe everyone.
I appreciate the effort of the project and hope it will soon return to normal as a lot of people want to invest now. It can be seen that covid-19 is making things worse and this time may affect the quality of the project.
Hopefully the team will have many ways to retain investors and of course need to update the project roadmap for everyone to better understand.