I asked Alan why the period of the ICO is so long to the end of 2019. This is the answer I received from him:
"We are focused on building out the product, going to market and getting some early traction to prove our product market fit, etc. We are not in a rush to get public funding and, frankly, after the last couple of years of bogus ICOs, investors should appreciate that we put our emphasis on finishing out product, signing up customers, reaching some transaction volume and revenues before selling our token s instead of just massive marketing and quick fundraising. We are self funded and are also raising a small round of equity so we can afford to wait for the right time to actively market our Private Offering (closer to the end of the year)."
"We are focused on building out the product, going to market and getting some early traction to prove our product market fit, etc. We are not in a rush to get public funding and, frankly, after the last couple of years of bogus ICOs, investors should appreciate that we put our emphasis on finishing out product, signing up customers, reaching some transaction volume and revenues before selling our token s instead of just massive marketing and quick fundraising. We are self funded and are also raising a small round of equity so we can afford to wait for the right time to actively market our Private Offering (closer to the end of the year)."
EOS also had a long ICO, but for now, after they started main net and made a swap to their own blockchain tokens, it is one of the most perspective ICO in the market. I`m confident that the hype period of only "whitepaper" blockchain projects is going to the end and now the product itself and its stage of development are the facts that matter more for investors.
You`ve got it. Just take a look at this scheme of the swift payment and all that middlemen operation that need to be processed in order to successfully conduct this transaction. It is almost impossible for now to make this in the local currencies for some countries in order that recipient receives the converted amount in other currency. When this payment will be possible to do without those corresponding banks after the ZED network product launch, it will be more easy to involve more investors into the project.
