Brandon ElliottICO team member replied on 6 Dec 2018
1. This is an emerging industry. There are NO "experts" in blockchain or exchange fields (and that includes ALL existing exchanges... see how much has been stolen in the past 12 months... they are amateurs in security and compliance). We are experts in security, compliance, regulatory, networking/infrastructure, programming, and database design. I highly doubt any existing exchanges boasts such a powerful and diverse team, especially PRE-funding.
2. Projects that raised $80MM on vaporware have the luxury of hiring all local devs. Self-funded who did it "the right way" have some local devs and have to rely on remote devs until funded. This is how it has to be, since we are NOT peddling vaporware.
3. White paper contains everything that all other white papers contain; and more. We have very detailed, bottom-up financials. Please do not make assumptions. The white paper, pitch deck, and especially the business plan all have detailed information on how we will generate revenue. It is made very clear. Plus, it's clear that exchanges make transaction fee revenue, which we make in addition to a number of other huge revenue drivers. We have numerous pending partnerships that will drive users in large quantities.
4. I think Paresh did not read anything in detail. There is no all-in-one solution (i.e. exchange aggregation/arbitrage, fiat/crypto bridge, wide array of cryptos/tokens, ICO/STO support, KYC/ID verification, app-based not web-based, all features built-in... etc etc).
5. Paresh doesn't see how it's possible, but we do. That is why WE are the experts launching this ambitious project. Other exchanges absolutely WILL allow these activities. They already do, and we already have this working in testing across 23 exchanges.
6. Paresh should understand that 15% is "plenty of marketing" but product comes first. Our app has already gone viral and will do so again soon. Our growing community will act as our viral marketing force for the product and drive revenue. This is not my first successful venture, and I built a prior successful venture on the same premise.
2. Projects that raised $80MM on vaporware have the luxury of hiring all local devs. Self-funded who did it "the right way" have some local devs and have to rely on remote devs until funded. This is how it has to be, since we are NOT peddling vaporware.
3. White paper contains everything that all other white papers contain; and more. We have very detailed, bottom-up financials. Please do not make assumptions. The white paper, pitch deck, and especially the business plan all have detailed information on how we will generate revenue. It is made very clear. Plus, it's clear that exchanges make transaction fee revenue, which we make in addition to a number of other huge revenue drivers. We have numerous pending partnerships that will drive users in large quantities.
4. I think Paresh did not read anything in detail. There is no all-in-one solution (i.e. exchange aggregation/arbitrage, fiat/crypto bridge, wide array of cryptos/tokens, ICO/STO support, KYC/ID verification, app-based not web-based, all features built-in... etc etc).
5. Paresh doesn't see how it's possible, but we do. That is why WE are the experts launching this ambitious project. Other exchanges absolutely WILL allow these activities. They already do, and we already have this working in testing across 23 exchanges.
6. Paresh should understand that 15% is "plenty of marketing" but product comes first. Our app has already gone viral and will do so again soon. Our growing community will act as our viral marketing force for the product and drive revenue. This is not my first successful venture, and I built a prior successful venture on the same premise.
