You are only talking about pre-ICO and ICO here on your roadmap. How about developmental plans for your project? As you have observed, very rare that a blockchain project can successfully finished their ICO these days. What are your contingency plans if in case you will not reach your financial targets during these sales?
We thank you for your well thought out question.
GenesisOne is currently developing both our global CyberLottery system (including custom GenONE Lottery), global professional sports wagering system and virtual casino as well as our NeoGenesis Exchange and wallet offering new opportunities for algorithmic and quantitative trading, option trading on stock, commodity, currency, cryptocurrency trade pairs. These systems are already in phase two development and will continue forward with completion toward the end of October/beginning of November.
These are the first forays into our global initiatives that will allow for maximum exposure and penetration facilitating future projects and investments.
And can you give us the status what happened during this pre-sale of yours? How much you raised during this stage?
Our structure is such that we are operating like traditional venture capital funding rounds whereby we have a seed round/Pre-ICO and following that up with a more global inclusive round, our Series A funding - ICO. There are future rounds planned at each completion stage of designated projects illustrating our minimum viable products for that funding stage. At each juncture tranches of GenesisOne will be made available to facilitate individual investment into our programs for future dividend rewards.
During our Pre-ICO, we raised over $1 Million USD through various sources in order to bring our platform to market.
$1m USD, really? That's great but can you share the contract address that raised funds during Pre-ICO? Roadmap is starting from May 2020. Was there anything before the team has spent the time on? Because everything you say is on a piece of paper and a MVP at this point of time must be there. Don't you think the same? No offence or criticism intended.