Why are you confident in the success of your new project? As far as I remember, your team failed in the last SpectivVR project, you raised more than 10,000 ETH at the Spectiv ICO and after a while the project was closed.
I don't think your team inspires confidence!
Previous project of this team:
https://bitcointalk.org/index.php?topic=2296908.010000 ETH in 2017! In tune of $14m from the ATH in 2018 and the project doesn't exist today. its a very disturbing revelation and red flag for investors.
The ATH of $ value in ETH is not relevant. ETH was spent on an ongoing basis as needed to support operational costs. There were times where the reserves value was high and times where the value was low. Still, even when the market hit its low in early 2018, the team persisted and did everything possible to weather the storm. Downsized the team, switched to remote working, cut out all noncritical expenses, and Nick/Dylan did not take a salary at any point from 2018–2020. As time went by and markets held low, we foresaw that reserves wouldn’t be able to support hosting/development costs much longer, and that it wasn’t prudent for us to continue expending capital to maintain a sinking ship.
Unlike many teams, we went out of our way to refund reserves to buyers as we saw an imminent downfall – and didn’t pay ourselves a penny from those reserves. We held ourselves to the highest standard of integrity throughout the lifespan of the project.
Lastly, it is important to understand the nature of startups. They can succeed and they can fail. This is the road of innovation.