they sold $1.727 million Bitto.. @ $1 ICO rate means $1.727 million met softcap easily..which their ICO website did mention
Crypto market will again explode..upwards..and if they list on coinmarketcap This type of unique exchange can be even $150 pricing for 1Bitto coin..based on Supply(limited 22 mil)
Anyway..for a paltry amount this doesnt end up like scam..when they can genuinely make Huge gains.
Hello everybody, this is Adam Radivojevic, Marketing and Social Media Manager at Bitto.
Sold tokens via smart contract do not reflect our entire funds collected in our ICO, because most of our investors were private (met in person in Viet Nam, Malaysia etc).
We definitelly reached our softcap (somewhere around 440% of our softcap goals, to be more precise.)
Our Exchange is to be launched very soon, it's a matter of days, and there is really no reason to be suspicious. We have experienced a holdup with our design and front-end development, but we are almost ready to launch.
Will funds be allocated for the development of the ecosystem or the promotion of it?
Hey Kalehon, you can see our Token Distribution and Funds Allocation on our website. Here's a screenshot on this link taken from our website on funds allocation: https://i.imgur.com/Hp8QykC.png
Hello Uboat, thank you for your interest! Project is doing great so far. We had to pause a bit but now we're back on track, and we expect many contributions very soon. As planned, Exchange will go live in August and we expect the token price to rise with it.
No masternode Nirobkkk, at this time we will go with the traditional dedicated hosting servers for the exchange. As we progress we will tend towards complete decentralization but for now no nodes. Also we are a PoS token so that means also no mining.
Don't worry about stability though, because if one server fails that's not a problem - we will have multiple synchronous servers across the globe.
Will a good ICO deceive people? Waiting for an official response about the situation. it is possible that this is the unfair trick of competitors.
Hi sergey1980, I've checked with other team members and with Nic Chin: Yes, that is a signature campaign approved by us, and we've transferred funds to that bounty manager. We have proof and everything, we wouldn't bail on bounty we agreed to do.
Please understand that it's not our fault - we have sent all the funds needed to pay for the signatures.