Dear Jakob,
finally some answers, and unfortunately you did not take a stand about the current transparency.
JAKOB DRZAZGA not stating soft caps, and misleading funding information is not a minor mistake! Especially if you make the clarification 2 days AFTER the ICO and still forget important things to mention (see in bold). Still, I want to know these things:
- 2/3 of your whitelisted people were not participating and you talk about industry standards?
- 2 days after the ICO, there was for the first time an announcement about 3mn achieved in private rounds, who are those investors? Any name on the website, corporate? Any link that this was before mentioned?
- People thought in the community the limit "was enforced", now it is about "it will be".
- There is still no single information whether there is a soft cap or not, not at any blog, not at website, not at ICO site. How can that be possible? How? If your ICO keeps going on like this low will be investors funded back their money? Especially if you guys now set the soft cap to 2 million, does that include the private closing round too and/or pre-ico? If so, then go to your website and clarify now! I only see all pointed out towards how to contribute! Or will you do another round in JAN just decreasing the price and hope for the best, as it seems that things like that can even happen with your project!And if so you need to proof then that you really got 3 millions in private rounds otherwise you get problems. It is very easy to see the future problems that will occur and you should already communicate this! So please send some clarification about the private rounds, about the soft cap! - gosh and accept that you have hidden the information so far!
At the very end what matters are that the wallets currently only sum up to 340K.
By the way, I have seen a blog post where you initially set the price for 1ETH equal to 800/750/700, etc.. BBT tokens. Let me know by that time you did not understand the concept about currency exchange exposure! Obvious beginner mistake as ETH has an underlying appreciation/depreciation - so you need to change it always in USD - AND PLEASE ALSO FOR THIS ICO, CLARIFY how the exchange tx will be done, spot, average, median etc..
Poor understanding, poor performance especially from someone who wants to build a finance-related product. I am pretty sure you, and your team never traded ever an ETF, if so help us to understand your track record. I can see that only by looking into the whitepaper. You simply give videos on youtube reading in 1-2min the definition of an ETF from investopedia. No single word about existing replication methods which require a deep understanding that this team does not have. What you do is you make things just worse and worse and worse. If people read all that detailed due diligence from posts before they will easily understand that every thing pointed out is a true fact.
TOO MANY UNANSWERED QUESTIONS, SUCH A FAIL.Hello Bitcointalk community,
I urge you to do your own due diligence and not rely on the assessment of aVanos or any other user who just joined the Bitcointalk forum 2 weeks ago.
You can be assured that all members of the company spent and will be spending the contributions we received with utmost care.
We made some mistakes in our communication, but these were minor and were corrected once brought to attention.
The facts:
- Yes, we had 25k whitlisted people. It's likely not all were familiar with crypto (we will provide an analysis and audit to prove that they actually signed up on our website).
- The contributions were always shown very transparently in BTC, ETH and LTC. But we need to tell the public the amount overall so they know how much in contributions is still accepted. That's why we published the public and private pre-sale contributions too. For everybody who misunderstood, a clarification went out via email and blog post and the website shortly after.
- The max cap for whitelisted contributors will be enforced as Emin said.
So again: Do your own due diligence and do not rely on „investigations“ from people who have no expertise in this topic, sell public knowledge as leaks, or are of unclear backgroud and therfore trolling.
I strongly believe that we are building a great product that can change the way we look at real estate funding and trading. I have talked many friends of mine in the real estate and ETF industries and am eager to make it work since there is so much potential in tokenization.
Therefore we need funding, and this is what we are trying to achieve with our ICO.
So if you believe in our vision, I strongly urge you to study our whitepapers, test our alpha platform, get familiar with the team, read our blog and our website, learn about the value of Brickblock Tokens, and support us here and in our channels.
Regards,
Jakob
Brickblock co-founder