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Re: 🔥【ANN】【ICO】⭐EFFECT.AI Decentralized Network for A.I⭐Powered by NEO🔴【Bounty】
Interesting project coming from the Netherlands. My questions:
Many thanks and good luck.
- Workers will get paid in the AIX coin, correct? How will you manage your token such that the price (and thus the workers' income) is not that volatile?
- There's quite limited information about the technology behind your platform. Can you be more specific on how you integrate your platform on NEO's blockchain?
- Why did you choose NEO over, for example, the Ethereum blockchain?
- Where is your roadmap? Just mentioning the phases is not sufficient. What are the expected dates/months to start/finish? How much money is involved per milestone/phase and for what?
- Around 22% of your tokens go to the advisors and your team. Sorry, but I think that is ridiculously high. What's the reason for this amount?
- You guys give so less information about the distribution of the proceeds, that it is unclear for my why you need around 15 million. Can you clarify?
Many thanks and good luck.
Can u answer my questions..
Re: [ANN][PRE-SALE][ICO]Blockshipping GSCP pre-sale and ICO
Hi,
Some questions that arose while reading your white paper and watching your video. Hope you can answer them in detail:
Who is responsible for the verification of the blocks? Private companies I assume.
Thanks in advance.
Some questions that arose while reading your white paper and watching your video. Hope you can answer them in detail:
- The CCC seems to be a security token to me? Thus, shouldn't you comply with (inter)national financial regulations?
- Why do you implement your own token for the settlement of payments? Why can't participants pay in the (crypto)currency they want?
- Why don't you first build a working platform + MVP before raising money?
- How do you ensure the reliability of 'off-chain' information to 'on-chain' information?
- You mention that your token(s) will be traded on CEX and DEX. Are you aware of the requirements and costs of CEX? If yes, what exchanges will you try to list first and why?
- Why do you have a bonus structure in place? To incentivize early investors? If your product and community is strong enough, you shouldn't need to incentivize them. Such a bonus structure as you have in place gives IMO the wrong message.
- Why do you create a private blockchain? And why then do you use the Ethereum ERC20 standard instead of developing your complete own utility token?
Who is responsible for the verification of the blocks? Private companies I assume.
Thanks in advance.
Re: 🔥【ANN】【ICO】⭐EFFECT.AI Decentralized Network for A.I⭐Powered by NEO🔴【Bounty】
Interesting project coming from the Netherlands. My questions:
Many thanks and good luck.
- Workers will get paid in the AIX coin, correct? How will you manage your token such that the price (and thus the workers' income) is not that volatile?
- There's quite limited information about the technology behind your platform. Can you be more specific on how you integrate your platform on NEO's blockchain?
- Why did you choose NEO over, for example, the Ethereum blockchain?
- Where is your roadmap? Just mentioning the phases is not sufficient. What are the expected dates/months to start/finish? How much money is involved per milestone/phase and for what?
- Around 22% of your tokens go to the advisors and your team. Sorry, but I think that is ridiculously high. What's the reason for this amount?
- You guys give so less information about the distribution of the proceeds, that it is unclear for my why you need around 15 million. Can you clarify?
Many thanks and good luck.
Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
Yeh one of my biggest mistake was not to buy big stake of nem when i found it, this was 2 years ago, nem was so cheap i believed in this project because it was always on top 10 coins but i was new in crypto and who would thought this market will roole. Anyway iam very happy to be nem holder and to see nem price going up. Iam pretty sure price will still keep rising because nem showed stability always in top 10 coins.
You believed in a coin because it was always on top 10 coins? Well that's a great way to value a cryptocurrency..
Re: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure
Can someone elaborate on this: "EVN tokens are not offered to subscribers acting in their capacity as consumer. Token can only be acquired by entrepreneurs acting in exercise of his or its trade, business or profession. I hereby confirm by completing the online subscription form that I do not act in my capacity as consumer."
Not available for 'normal' people?
Not available for 'normal' people?
Re: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain
It is ridiculous how much tokens and funds are allocated to founders, marketing, and advisors et cetera. I am definitely not putting my money in if I know that 10% automatically ends up in the pockets of employees and advisors.
Thank you for your opinion! If you take a look at our website https://bank4you.io/ you will see that we reached the soft cap and we are fine! When you change your mind, you are welcome to join!
What has reaching a soft cap to do with putting funds directly in the pockets of founders, marketing and advisors? Get yourself funded from another cashflow than the one from the ICO. People that invest in the ICO are interested in the project, not in paying founders, employees or advisors. 10% is seriously ridiculous high.
Your Token Allocation - "Marketing & Promotion - 6%, Advisory Board, Consultants and Partners - 4%"
But your allocation of funds is even more ridiculous:
15% Marketing and Promotion (
??!!!!!! 15%???!!!!!) 3% for Team members
Thank you for your opinion! Reaching of the soft cap means that there are enough people for whom the project by professional team is valuable.
Thanks for answering fast.
So you are actually admitting that money flows directly into the pockets of team members and founders? Some investors don't read completely through your white paper and website, and may not be aware of such information.
Can you explain me the following:
- Why do you need 15% for marketing and promotion? Why 15%? How did you calculate it?
- Why do you need 4% of your tokens for advisory board, consultants, and partners? How did you calculate this?
Can u answer my question, please.
We apologize for making you waiting. Marketing and promotion are those things that drive the development of basically anything, that is why that do need funds to be allocated, and 15% is no way ridiculous but quite reasonable.
Team members do their work and it is can be considered key players, and it is common practice to allocate certain percentage for their work.
We can assure you that all calculations were done in a proper manner and in accordance to financial regulations, however, that is sort of business information that rarely disclosed.
If you are a startup it is quite weird to put investor money into the pockets of employees. Why don't you fund them with your own money or another cashflow? I am not interested in investing in an ICO of which 3% directly flows into the pockets of employees.
Also, transparent and honest ICOs and other companies that want to raise money DO include calculations. If you, as you said, have 'proper manner' for calculations than I guess it is no harm to share them. You are talking about money from the investor in your ICO, they should have the right to know what you do with their money.
Another question you did not answer before; why do you need 6% of your tokens for marketing if you already keep 15% of the funds? And 15% is really a lot already. Could you elaborate a bit why you ned 15%? What's your plan? What are you going to spend it on?
we are not a startup.
Bank4YOU was established in 2013 and headquartered in London, UK, Bank4YOU in 2016 has transformed into Bank4YOU Group, an international consortium of fin-tech service companies operating successfully within the electronic mobile payment services arena.
Alright, my bad for the first point. Can you answer the other points?
Re: [ANN][ICO] KYC.legal - Blockchain identity verification
Haha, you have got to be kidding me with saying that someone is not an investor because you have utility tokens.
And why don't you answer my other questions? I will copy them for you to make it a bit easier:
First point: There is no information in the white paper about how you came up with that costs. You don't explain why you need this amount of money and how you calculated the amount. Please elaborate on these costs:
- $2.5 million - discounts for partnering funds
- $3.5 million - referral payments
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation
Second point:
Quote
We will provide additional information about costs as the project develops.
Question: How can you now allocate money already if it is not yet clear where you need the money for?
Why don't you tell us exactly what you need the money for and how you calculated it?
Third point: So... why 3 million for marketing? Can you show calculations? How much do you need to increase the size of your product? What kind of services do you need?
This information is NOT in your white paper, so don't refer to that document.
All available information about planned costs is displayed in the White Paper. Our tokens are utility token, not securities, so tokenholders are not investors.
You are newbie on this forum. Perhaps you should study the token sale procedure in more detail. Have a nice day!
Again, you ignore my questions. You come across as very unprofessional, trying to rob people's money.
Thanks for your tip to study the token sale procedure in more detail. In return, you should consider hiring a native English speaker, as your communication on the website, white paper, and here on bitcointalk is very, very poor.
Re: [ANN][ICO] KYC.legal - Blockchain identity verification
Haha, your allocation of proceeds is so unclear and doesn't make sense at all. Please clarify what those allocations are and specify why you need them:
Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?
In other words, it seems like you are wasting $12 million of investor money
- $2.5 million - discounts for partnering funds ??
- $3.5 million - referral payments ??
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation (seriously?? so much money for marketing? wtf..)
Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?
In other words, it seems like you are wasting $12 million of investor money
First of all, we don't have "investors". When you buy a token you become a tokenholder. Our token allows tokenholders to gain a profit by leasing the tokens to potential clients, which means that tokenholder is granted a monetary gain.
Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens.
These calculations show that with the goal that we have set we will need to spend this amount of funds.
Various companies were involved in these calculations, they prepared documentation that was based on the current economic situations in regions in which we are planning the development.
We thank you for your deep interest in our product and we will be happy to listen if you have any examples of projects with similar scope of goal and financial indicators we will gladly become acquainted with them. We hope that your constructive feedback can benefit kyc.legal!
You don't have investors, but token holders? So people don't invest money? They get tokens for free?
Quote
"Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens."
So... why 3 million? Can you show calculations? How much do you need to increase the size of your product? What kind of services do you need?
Quote
These calculations show that with the goal that we have set we will need to spend this amount of funds.
What calculations? Share them please.
And, you did not answer why you need so much money for:
- $2.5 million - discounts for partnering funds
- $3.5 million - referral payments
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation
Please answer these in detail.
All information about planned costs is displayed in the White Paper. We will provide additional information about costs as the project develops. We have a working product, a strong team and support from partners.
Haha yes, so a token holder that has bought a token has invested money, right? So it's an investor.
Quote
All information about planned costs is displayed in the White Paper.
What a joke. There is no information in the white paper about how you came up with that costs. You don't explain why you need the money and how you calculated the amount.
Quote
We will provide additional information about costs as the project develops.
Huh? Wtf? How can you now allocate money already if it is not yet clear where you need the money for?
Why don't you tell us exactly what you need the money for and how you calculated it?
Can you nswer my questions, please.
Haha, you have got to be kidding me with saying that someone is not an investor because you have utility tokens.
And why don't you answer my other questions? I will copy them for you to make it a bit easier:
First point: There is no information in the white paper about how you came up with that costs. You don't explain why you need this amount of money and how you calculated the amount. Please elaborate on these costs:
- $2.5 million - discounts for partnering funds
- $3.5 million - referral payments
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation
Second point:
Quote
We will provide additional information about costs as the project develops.
Question: How can you now allocate money already if it is not yet clear where you need the money for?
Why don't you tell us exactly what you need the money for and how you calculated it?
Third point: So... why 3 million for marketing? Can you show calculations? How much do you need to increase the size of your product? What kind of services do you need?
This information is NOT in your white paper, so don't refer to that document.
Re: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain
It is ridiculous how much tokens and funds are allocated to founders, marketing, and advisors et cetera. I am definitely not putting my money in if I know that 10% automatically ends up in the pockets of employees and advisors.
Thank you for your opinion! If you take a look at our website https://bank4you.io/ you will see that we reached the soft cap and we are fine! When you change your mind, you are welcome to join!
What has reaching a soft cap to do with putting funds directly in the pockets of founders, marketing and advisors? Get yourself funded from another cashflow than the one from the ICO. People that invest in the ICO are interested in the project, not in paying founders, employees or advisors. 10% is seriously ridiculous high.
Your Token Allocation - "Marketing & Promotion - 6%, Advisory Board, Consultants and Partners - 4%"
But your allocation of funds is even more ridiculous:
15% Marketing and Promotion (
??!!!!!! 15%???!!!!!) 3% for Team members
Thank you for your opinion! Reaching of the soft cap means that there are enough people for whom the project by professional team is valuable.
Thanks for answering fast.
So you are actually admitting that money flows directly into the pockets of team members and founders? Some investors don't read completely through your white paper and website, and may not be aware of such information.
Can you explain me the following:
- Why do you need 15% for marketing and promotion? Why 15%? How did you calculate it?
- Why do you need 4% of your tokens for advisory board, consultants, and partners? How did you calculate this?
Can u answer my question, please.
We apologize for making you waiting. Marketing and promotion are those things that drive the development of basically anything, that is why that do need funds to be allocated, and 15% is no way ridiculous but quite reasonable.
Team members do their work and it is can be considered key players, and it is common practice to allocate certain percentage for their work.
We can assure you that all calculations were done in a proper manner and in accordance to financial regulations, however, that is sort of business information that rarely disclosed.
If you are a startup it is quite weird to put investor money into the pockets of employees. Why don't you fund them with your own money or another cashflow? I am not interested in investing in an ICO of which 3% directly flows into the pockets of employees.
Also, transparent and honest ICOs and other companies that want to raise money DO include calculations. If you, as you said, have 'proper manner' for calculations than I guess it is no harm to share them. You are talking about money from the investor in your ICO, they should have the right to know what you do with their money.
Another question you did not answer before; why do you need 6% of your tokens for marketing if you already keep 15% of the funds? And 15% is really a lot already. Could you elaborate a bit why you ned 15%? What's your plan? What are you going to spend it on?
Re: [ANN][ICO] KYC.legal - Blockchain identity verification
Haha, your allocation of proceeds is so unclear and doesn't make sense at all. Please clarify what those allocations are and specify why you need them:
Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?
In other words, it seems like you are wasting $12 million of investor money
- $2.5 million - discounts for partnering funds ??
- $3.5 million - referral payments ??
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation (seriously?? so much money for marketing? wtf..)
Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?
In other words, it seems like you are wasting $12 million of investor money
First of all, we don't have "investors". When you buy a token you become a tokenholder. Our token allows tokenholders to gain a profit by leasing the tokens to potential clients, which means that tokenholder is granted a monetary gain.
Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens.
These calculations show that with the goal that we have set we will need to spend this amount of funds.
Various companies were involved in these calculations, they prepared documentation that was based on the current economic situations in regions in which we are planning the development.
We thank you for your deep interest in our product and we will be happy to listen if you have any examples of projects with similar scope of goal and financial indicators we will gladly become acquainted with them. We hope that your constructive feedback can benefit kyc.legal!
You don't have investors, but token holders? So people don't invest money? They get tokens for free?
Quote
"Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens."
So... why 3 million? Can you show calculations? How much do you need to increase the size of your product? What kind of services do you need?
Quote
These calculations show that with the goal that we have set we will need to spend this amount of funds.
What calculations? Share them please.
And, you did not answer why you need so much money for:
- $2.5 million - discounts for partnering funds
- $3.5 million - referral payments
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation
Please answer these in detail.
All information about planned costs is displayed in the White Paper. We will provide additional information about costs as the project develops. We have a working product, a strong team and support from partners.
Haha yes, so a token holder that has bought a token has invested money, right? So it's an investor.
Quote
All information about planned costs is displayed in the White Paper.
What a joke. There is no information in the white paper about how you came up with that costs. You don't explain why you need the money and how you calculated the amount.
Quote
We will provide additional information about costs as the project develops.
Huh? Wtf? How can you now allocate money already if it is not yet clear where you need the money for?
Why don't you tell us exactly what you need the money for and how you calculated it?
Can you nswer my questions, please.
Re: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain
It is ridiculous how much tokens and funds are allocated to founders, marketing, and advisors et cetera. I am definitely not putting my money in if I know that 10% automatically ends up in the pockets of employees and advisors.
Thank you for your opinion! If you take a look at our website https://bank4you.io/ you will see that we reached the soft cap and we are fine! When you change your mind, you are welcome to join!
What has reaching a soft cap to do with putting funds directly in the pockets of founders, marketing and advisors? Get yourself funded from another cashflow than the one from the ICO. People that invest in the ICO are interested in the project, not in paying founders, employees or advisors. 10% is seriously ridiculous high.
Your Token Allocation - "Marketing & Promotion - 6%, Advisory Board, Consultants and Partners - 4%"
But your allocation of funds is even more ridiculous:
15% Marketing and Promotion (
??!!!!!! 15%???!!!!!) 3% for Team members
Thank you for your opinion! Reaching of the soft cap means that there are enough people for whom the project by professional team is valuable.
Thanks for answering fast.
So you are actually admitting that money flows directly into the pockets of team members and founders? Some investors don't read completely through your white paper and website, and may not be aware of such information.
Can you explain me the following:
- Why do you need 15% for marketing and promotion? Why 15%? How did you calculate it?
- Why do you need 4% of your tokens for advisory board, consultants, and partners? How did you calculate this?
Can u answer my question, please.
Re: [ANN][ICO] KYC.legal - Blockchain identity verification
Haha, your allocation of proceeds is so unclear and doesn't make sense at all. Please clarify what those allocations are and specify why you need them:
Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?
In other words, it seems like you are wasting $12 million of investor money
- $2.5 million - discounts for partnering funds ??
- $3.5 million - referral payments ??
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation (seriously?? so much money for marketing? wtf..)
Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?
In other words, it seems like you are wasting $12 million of investor money
First of all, we don't have "investors". When you buy a token you become a tokenholder. Our token allows tokenholders to gain a profit by leasing the tokens to potential clients, which means that tokenholder is granted a monetary gain.
Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens.
These calculations show that with the goal that we have set we will need to spend this amount of funds.
Various companies were involved in these calculations, they prepared documentation that was based on the current economic situations in regions in which we are planning the development.
We thank you for your deep interest in our product and we will be happy to listen if you have any examples of projects with similar scope of goal and financial indicators we will gladly become acquainted with them. We hope that your constructive feedback can benefit kyc.legal!
You don't have investors, but token holders? So people don't invest money? They get tokens for free?
Quote
"Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens."
So... why 3 million? Can you show calculations? How much do you need to increase the size of your product? What kind of services do you need?
Quote
These calculations show that with the goal that we have set we will need to spend this amount of funds.
What calculations? Share them please.
And, you did not answer why you need so much money for:
- $2.5 million - discounts for partnering funds
- $3.5 million - referral payments
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation
Please answer these in detail.
All information about planned costs is displayed in the White Paper. We will provide additional information about costs as the project develops. We have a working product, a strong team and support from partners.
Haha yes, so a token holder that has bought a token has invested money, right? So it's an investor.
Quote
All information about planned costs is displayed in the White Paper.
What a joke. There is no information in the white paper about how you came up with that costs. You don't explain why you need the money and how you calculated the amount.
Quote
We will provide additional information about costs as the project develops.
Huh? Wtf? How can you now allocate money already if it is not yet clear where you need the money for?
Why don't you tell us exactly what you need the money for and how you calculated it?
Re: [ANN][ICO] KYC.legal - Blockchain identity verification
Haha, your allocation of proceeds is so unclear and doesn't make sense at all. Please clarify what those allocations are and specify why you need them:
Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?
In other words, it seems like you are wasting $12 million of investor money
- $2.5 million - discounts for partnering funds ??
- $3.5 million - referral payments ??
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation (seriously?? so much money for marketing? wtf..)
Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?
In other words, it seems like you are wasting $12 million of investor money
First of all, we don't have "investors". When you buy a token you become a tokenholder. Our token allows tokenholders to gain a profit by leasing the tokens to potential clients, which means that tokenholder is granted a monetary gain.
Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens.
These calculations show that with the goal that we have set we will need to spend this amount of funds.
Various companies were involved in these calculations, they prepared documentation that was based on the current economic situations in regions in which we are planning the development.
We thank you for your deep interest in our product and we will be happy to listen if you have any examples of projects with similar scope of goal and financial indicators we will gladly become acquainted with them. We hope that your constructive feedback can benefit kyc.legal!
You don't have investors, but token holders? So people don't invest money? They get tokens for free?
Quote
"Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens."
So... why 3 million? Can you show calculations? How much do you need to increase the size of your product? What kind of services do you need?
Quote
These calculations show that with the goal that we have set we will need to spend this amount of funds.
What calculations? Share them please.
And, you did not answer why you need so much money for:
- $2.5 million - discounts for partnering funds
- $3.5 million - referral payments
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation
Please answer these in detail.
Re: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain
It is ridiculous how much tokens and funds are allocated to founders, marketing, and advisors et cetera. I am definitely not putting my money in if I know that 10% automatically ends up in the pockets of employees and advisors.
Thank you for your opinion! If you take a look at our website https://bank4you.io/ you will see that we reached the soft cap and we are fine! When you change your mind, you are welcome to join!
What has reaching a soft cap to do with putting funds directly in the pockets of founders, marketing and advisors? Get yourself funded from another cashflow than the one from the ICO. People that invest in the ICO are interested in the project, not in paying founders, employees or advisors. 10% is seriously ridiculous high.
Your Token Allocation - "Marketing & Promotion - 6%, Advisory Board, Consultants and Partners - 4%"
But your allocation of funds is even more ridiculous:
15% Marketing and Promotion (
??!!!!!! 15%???!!!!!) 3% for Team members
Thank you for your opinion! Reaching of the soft cap means that there are enough people for whom the project by professional team is valuable.
Thanks for answering fast.
So you are actually admitting that money flows directly into the pockets of team members and founders? Some investors don't read completely through your white paper and website, and may not be aware of such information.
Can you explain me the following:
- Why do you need 15% for marketing and promotion? Why 15%? How did you calculate it?
- Why do you need 4% of your tokens for advisory board, consultants, and partners? How did you calculate this?
Re: [ANN][ICO] KYC.legal - Blockchain identity verification
Haha, your allocation of proceeds is so unclear and doesn't make sense at all. Please clarify what those allocations are and specify why you need them:
Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?
In other words, it seems like you are wasting $12 million of investor money
- $2.5 million - discounts for partnering funds ??
- $3.5 million - referral payments ??
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation (seriously?? so much money for marketing? wtf..)
Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?
In other words, it seems like you are wasting $12 million of investor money
Re: [ANN][ICO] KYC.legal - Blockchain identity verification
Why does 15% of the tokens go to the KYC team?!!!!!
!!!!!Answer me please, because 15% is ridiculously high.
Re: [ANN] [ICO] MMRS - Money transfer and cash withdrawal on blockchain
It is ridiculous how much tokens and funds are allocated to founders, marketing, and advisors et cetera. I am definitely not putting my money in if I know that 10% automatically ends up in the pockets of employees and advisors.
Thank you for your opinion! If you take a look at our website https://bank4you.io/ you will see that we reached the soft cap and we are fine! When you change your mind, you are welcome to join!
What has reaching a soft cap to do with putting funds directly in the pockets of founders, marketing and advisors? Get yourself funded from another cashflow than the one from the ICO. People that invest in the ICO are interested in the project, not in paying founders, employees or advisors. 10% is seriously ridiculous high.
Your Token Allocation - "Marketing & Promotion - 6%, Advisory Board, Consultants and Partners - 4%"
But your allocation of funds is even more ridiculous:
15% Marketing and Promotion (
??!!!!!! 15%???!!!!!) You are seriously going to spend 15% of the investments on marketing and promotion? 3% for Team members
Please specify why you need that money, how you calculated it, why these percentages.