Quote from: SpectivVR on June 22, 2017, 06:51:40 AM

Quote from: MaxMuze on June 22, 2017, 06:26:22 AM

Another ICO going for bust. Your valuation is extremely inflated, you're asking us to pay almost a dollar per token for a concept that is on paper Huh

The crucial elements that need to be secured for the platform to work will only be secured after the ICO, come on.... this smells like a get rich scheme. Not to say you will not try to deliver a product but if your post ICO negotiations like licensing do not come together, I doubt you will be returning any tokens... Grin

495 000 ETH at today's price values your "IDEA" (let's be honest that's all it is) at $139 000 000... why do you need that much money?

FOMO is not worth that much cash in the hands of Internet strangers... these kind of ICOs will bring about the bubble pop we all dread...

Not sure what you're basing your statements on, but we are not asking for $1 per token, our tokens are price at roughly an average of $.20 per token. Also, we are not trying to raise 495,000Eth, we are raising 45,000Eth.

On that note, please take a look at our use of funds. Starting a business, especially a tech company, in an emerging market is a cash intensive project. The costs of development, marketing, user acquisition, and general start-up costs easily justify the amount we are looking to raise. Please read the whitepaper and gather the correct facts before making a judgement.

If there is a typo though, and it does say 495,000Eth somewhere, please let us know.

Fair enough 8 made an error in calculating and added one zero too many to your coin ask.

However this does not take away that you are still trying to raise $14million for this ICO based on an idea. Also you are planning to hold onto $60million token which if valued the same will be worth $9.6 million. So all in all you will,be potentially in charge of $23.6million... Let's be honest you hope to have operational costs in the future, your negotiations for licensing could stall or hit a wall... what then? Will you return the money...? Nope doubt it.

I don't mean to piss on your ICO but like I said, such greed and money grabbing attempts will make crypto seem like a sham and cause a bubble. If you fail to deliver a working product this will be called a scam. Personally as an investor I would invested if you had your ICO a bit further down your road map when more critical elements of the platform were in the bag. But even then how would I know I can trust your info.

So FOMO will not guide me here...

Given that this ICO bubble will not stop, I hope one day people who do not deliver on their promise will be brought to book and forced to return the funds they collected. After all they are all written to the block chain

MaxMuze

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