The topic states that $14M were raised. Can you please provide any proofs of successful fundrising on blockchain?
Is this now available on the site and does it appears now on the etherscan for those who already purchased the coins? If provided that would be good for legitimacy of the project, $14M really is something that's been raised in a private sale.
Hi Xphenosis! Proof will be available for this soon, but it's important that we state that this money has not been raised on the blockchain, since the coins were purchased through cash by private investors.
If merchants will not be charged for payments settlements and there are so many benefits offered to both merchants as well as customers teh how the revenue will be generated ? I mean to ask platform will need upgrading, maintenance, improvements and salaries of staff where these expenses will be covered from ? This was general perception based question without diving in details.
Hi Abonarea!
As you can see on our whitepaper, the Foundation will cover its expenses by the issuance of new CafeCoin (in a heavily controlled, mathematically-driven manner) and through the sale of Cafe, the "gas" used to fuel transactions on our blockchain.
If you have any more questions to ask us, feel free to post them here. We love to hear from people interested in our project!
As i can see that it seems the coin selling hasn't started yet. When will the selling of the coins started, is it mandatory to register in the white list in order to know the date of the selling start?
Our Main Sale will start in November. However, you can get whitelisted or Join our Telegram channel to be informed about special updates!
Just found this awesome project just recently. Will Cafecoin be only used for retail or there are other use cases for it? What are the good thing of it for consumer or retailers?
Hello there!
Originally, our product is conceived to be used for retail. However, building our own blockchain, we're sure that people will be able to find new, personalized uses for it!
As for consumers and retailers, the main benefits are the ability to surpass the barriers of traditional payment systems and banks. A retailer would be able to save money, and pass those savings onto its customers collecting valuable marketing data, and customers will save money, getting 'a better bang for their buck'.
If you have any more questions, make sure to send them our way!
Thank you for that. That's a good way to build an own blockchain and it would really be more useful for every costumers and retailers. I will probably bookmarked this topic and closely see the development of the project.
Just found this awesome project just recently. Will Cafecoin be only used for retail or there are other use cases for it? What are the good thing of it for consumer or retailers?
Hello there!
Originally, our product is conceived to be used for retail. However, building our own blockchain, we're sure that people will be able to find new, personalized uses for it!
As for consumers and retailers, the main benefits are the ability to surpass the barriers of traditional payment systems and banks. A retailer would be able to save money, and pass those savings onto its customers collecting valuable marketing data, and customers will save money, getting 'a better bang for their buck'.
If you have any more questions, make sure to send them our way!
Remember to check you're complying to all the bounty rules at all times! We've gotten many cases of users that are missing a couple of requirements. Your benefits depend on it!
That's Crazy! I reckon its just better to spend your fiat than keep it! Thank god we have an alternative now! Hopefully, we can reverse back to when you could buy a house for a pound!
Investing is the name of the game technology allows us to create currencies with appreciating algorithms built into them. Anything that's not using modern, efficient currency is just plain irresponsible!
The application of mobile payments that anyone can use is revolutionary as it makes financial transactions easier and easier. This concept embodies what we aspire to see.
We're flattered and happy to see that so many people endorse our vision. You made our night, Amir!
Fact: The average family spends $2,000 dollars a year just in transaction fees. Fact 2: Bitcoin and other famous cryptocurrencies are not adopted by users due to their high volatility.
How to save money while fostering adoption? Creating a stable, easy to use token that eliminates the need for intermediaries!