Quote from: unusualfacts30 on December 16, 2014, 09:53:41 AM

Quote from: NooHackTeam on December 16, 2014, 09:08:14 AM

Quote from: DukeofZill on December 16, 2014, 08:42:47 AM

Nootropics are awesome. I have taken Alpha Brain many times and love it. I don't really see the benefits of creating your own crypto currency and incorporating it into your business. So I am likely going to stay away from the ICO. But if things roll out smoothly, I will definitely order some of your product using Noo[Suspicious link removed]d luck!

Good to hear you are an avid Nootropics user!
Some of the replies beforehand have addressed the reason why we chose to create our own coin.
To summarize, we feel that this is the best way we can bring the products at the best possible prices to our customers, whilst trying a crypto business model right from the get go.
Many companies do hold IPO's for raising capital to expand and get some working capital. Our business model takes into account that the price of NOO will appreciate as our custom increases. This is both beneficial to us, but also beneficial to buyers of the products, traders, investors alike.

Its the embodiment of doing crypto business, whilst maintaining our stance with complying to legal procedures.

In IPO they give you "shares" of the company while you're offering crypto coins named after NOOHACK. How do you think the price would increase after ICO?

NOOHACK could be great but I don't see a point in buying coins during ICO.

Think of this situation. As we gain more customers,integrate our own exchange to the website, customers even outside of the crypto community will be able to get a hold of the coins more readily. We expect the price to appreciate based on growing custom. NooHack also will not be market selling the coins received for payment. Rather, we have giveaways and a tier account system that pays out the coin back to our users.

As investors, the ICO serves as an early opportunity for them to see the growth of our business be matched with the appreciation of the coin.
You will as an investor or user, benefit from the appreciation of the coin value through the decreasing supply. Not only this, you will be able to ultimately obtain more products for less NOO as a result of their increased value.

We're a small eco-system, but a functional and hopefully, self sustaining one.
We are in effect, a company that rewards our users with loyalty points. These points are NooCoin. However, loyalty points in a regular company are not finite in supply, and do not utilise the Blockchain.