Ninjastic
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Board Tokens (Altcoins)
Re: [ANN][HASH] HASHBON ROCKET is the first CDEX fuelled by HASH token!
by
Hashbon
on 09/09/2021, 22:02:06 UTC
Quote from: Miiike on Today at 06:31:50 PM
Quote from: Hashbon on September 08, 2021, 07:19:02 PM
Quote from: Miiike on September 08, 2021, 05:14:00 AM
Allow me to go blunt and more direct. What I'm trying to say was, your company decided to open a new sector or project from your main business (or an expansion, if I borrow your words) so shouldn't the fund required to do this expansion came from your own pocket? I didn't understand why an already established company for 5 years asked for a crowdfund just to open a new sector for their business, unless your company didn't have enough fund to run this new sector (hence the crowdfunding).

Thank you for elaborating further on your point, Miiike.

Kindly understand that HASH Token is fueling the platform. The development of the project and marketing costs were all done out of pocket while the only way the project succeeds is if there are HASH Token holders fueling the platform. We have a proof of stake consensus algorithm at the heart of the Hashbon Rocket's functionality. With arbiters being the bloodline of exchanges, a crowdfunding campaign will ensure more holders exist and thus, more stakers and voters (to approve transactions). Running a pre-sale is just a habitual form of offering and acquiring tokens.

If you have any further questions, please do not hesitate to ask.

So the ICO is more to distribute the tokens and increase the quantity of token holders instead of really for collecting funds? Thus, no matter how many eth raised during the token sale is not really matter?

That is correct, Miiike. However, holding a Pre-ICO guarantees that the HASH Token holder is on board with the idea of the platform before purchasing our tokens. The idea isn’t to look for people so they can give us their money, but to inform them regarding what product we have to offer. If they’re on board (meaning they’re interested in holding and staking HASH and therefore, contributing to the functionality of Hashbon Rocket) then they can purchase our token and partake in the platform’s usability once it is live. That is why we chose to take the initial coin offering route.
I hope we cleared up any concerns you may have. Smiley