Topic: [ANN] CargoX.io - Ocean Freight Logistics on Blockchain - Pilot in Q2 2018! - page 4. (Read 4348 times)

Dear devs,

CEO Stefan Kukman officially said in a slovenian interview (Pop TV channel) that 10% of the funds raised from CargoX ICO will be given to his other company 45hc which has nothing to do with CargoX (except that it is in the same industry). In the white paper funds distribution will be as follows: 55% Product Development, 30% Marketing, Sales and PR, 5% G&A expenses, 5% Legal and 5% Security. Thus, nowhere is mentioned 45HC in the funds distribution.

As investors, we invested solely in CargoX and Bill of landing on blockchain product (with Credit Bill potential in the future) and not in 45HC. Even though, the idea of 45HC might have potential giving 700,000€ to 45HC will not increase CXO token price.

Why have you decided to give 10% to the 45HC and how will that benefit the CXO token price?

Thank you for the answer.

Dear Perunex
Thank you for your comment and question. We regret the confusion and wish to clear this topic.
Please see our official statement here: https://www.reddit.com/r/CargoXio/comments/862j8n/official_cargox_statement_regarding_recent_news/

best,
Jaka Mele

Thank you for the answer and the statement.

icojaka

member

Activity: 78

Merit: 10

Quote from: Twinkledoe on March 20, 2018, 05:16:00 AM

Dear devs,

CEO Stefan Kukman officially said in a slovenian interview (Pop TV channel) that 10% of the funds raised from CargoX ICO will be given to his other company 45hc which has nothing to do with CargoX (except that it is in the same industry). In the white paper funds distribution will be as follows: 55% Product Development, 30% Marketing, Sales and PR, 5% G&A expenses, 5% Legal and 5% Security. Thus, nowhere is mentioned 45HC in the funds distribution.

As investors, we invested solely in CargoX and Bill of landing on blockchain product (with Credit Bill potential in the future) and not in 45HC. Even though, the idea of 45HC might have potential giving 700,000€ to 45HC will not increase CXO token price.

Why have you decided to give 10% to the 45HC and how will that benefit the CXO token price?

Thank you for the answer.

Dear Perunex
Thank you for your comment and question. We regret the confusion and wish to clear this topic.
Please see our official statement here: https://www.reddit.com/r/CargoXio/comments/862j8n/official_cargox_statement_regarding_recent_news/

best,
Jaka Mele

Perunex

full member

Activity: 546

Merit: 111

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

Quote from: gawlea on March 16, 2018, 05:21:07 AM

Quote from: SHBlizzard on March 14, 2018, 12:35:38 AM

Quote from: SHBlizzard on March 13, 2018, 01:30:11 PM

Quote from: gawlea on March 16, 2018, 05:21:07 AM

Dear devs,

CEO Stefan Kukman officially said in a slovenian interview (Pop TV channel) that 10% of the funds raised from CargoX ICO will be given to his other company 45hc which has nothing to do with CargoX (except that it is in the same industry). In the white paper funds distribution will be as follows: 55% Product Development, 30% Marketing, Sales and PR, 5% G&A expenses, 5% Legal and 5% Security. Thus, nowhere is mentioned 45HC in the funds distribution.

As investors, we invested solely in CargoX and Bill of landing on blockchain product (with Credit Bill potential in the future) and not in 45HC. Even though, the idea of 45HC might have potential giving 700,000€ to 45HC will not increase CXO token price.

Why have you decided to give 10% to the 45HC and how will that benefit the CXO token price?

Thank you for the answer.

This is smelling like a theft to me, if is true of course.

I was always under the impression that 45HC is part of CXO now - like that is their alpha/beta/mvp -

Maybe you are right because they will look very bad if the funds are used for other things than this project related.

here is WP
https://cargox.io/CargoX-Whitepaper.pdf

while it is true that CXO never specifically stated funds going to 45 HC - 45 HC is mentioned 11 times in the WP/roadmap

"CargoX and 45HC are complementary products that benefit from synergies."

"CargoX CXO token will be added to 45HC.com as a payment method. Paying for
services with CXO tokens will give importers additional discount"

I still stand by what I said about how I always saw the projects connected, but nonetheless it is true that it was never specifically stated. This is a question that should be addressed by a team member... I think they are more active on reddit.

Well this is making some sense in the distribution of CXO ICO funds. If the 45HC.com is a complementary product of CXO Project I have nothing against redirecting some funds in there. My 2 cents!

Somehow they haven't clarified such distribution be something like that. But if it would be the advantage of the token's value, why not?

I don't mind it either in this sense. If they would come with that announced before ICO or even after. To explain the move and few points why would it benefit the CXO. As we, the investors, have given money to CXO.

However doing it like this, just briefly saying it on the Slovenian TV channel (I believe most of investors are not Slovenian speakers) is not the way to do it. One thing I hate at cryptos and ICOs are non-transparency. And this is a classic case and a red flag for me.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: SHBlizzard on March 14, 2018, 12:35:38 AM

Quote from: SHBlizzard on March 13, 2018, 01:30:11 PM

Quote from: SHBlizzard on March 14, 2018, 12:35:38 AM

Dear devs,

CEO Stefan Kukman officially said in a slovenian interview (Pop TV channel) that 10% of the funds raised from CargoX ICO will be given to his other company 45hc which has nothing to do with CargoX (except that it is in the same industry). In the white paper funds distribution will be as follows: 55% Product Development, 30% Marketing, Sales and PR, 5% G&A expenses, 5% Legal and 5% Security. Thus, nowhere is mentioned 45HC in the funds distribution.

As investors, we invested solely in CargoX and Bill of landing on blockchain product (with Credit Bill potential in the future) and not in 45HC. Even though, the idea of 45HC might have potential giving 700,000€ to 45HC will not increase CXO token price.

Why have you decided to give 10% to the 45HC and how will that benefit the CXO token price?

Thank you for the answer.

This is smelling like a theft to me, if is true of course.

I was always under the impression that 45HC is part of CXO now - like that is their alpha/beta/mvp -

Maybe you are right because they will look very bad if the funds are used for other things than this project related.

here is WP
https://cargox.io/CargoX-Whitepaper.pdf

while it is true that CXO never specifically stated funds going to 45 HC - 45 HC is mentioned 11 times in the WP/roadmap

"CargoX and 45HC are complementary products that benefit from synergies."

"CargoX CXO token will be added to 45HC.com as a payment method. Paying for
services with CXO tokens will give importers additional discount"

I still stand by what I said about how I always saw the projects connected, but nonetheless it is true that it was never specifically stated. This is a question that should be addressed by a team member... I think they are more active on reddit.

Well this is making some sense in the distribution of CXO ICO funds. If the 45HC.com is a complementary product of CXO Project I have nothing against redirecting some funds in there. My 2 cents!

Somehow they haven't clarified such distribution be something like that. But if it would be the advantage of the token's value, why not?

usmanov123

full member

Activity: 434

Merit: 102

Chikuntv

Agree with above. Me too. Thnx. My 2 satoshies

gawlea

hero member

Activity: 756

Merit: 579

Quote from: SHBlizzard on March 13, 2018, 01:30:11 PM

Quote from: SHBlizzard on March 14, 2018, 12:35:38 AM

Dear devs,

CEO Stefan Kukman officially said in a slovenian interview (Pop TV channel) that 10% of the funds raised from CargoX ICO will be given to his other company 45hc which has nothing to do with CargoX (except that it is in the same industry). In the white paper funds distribution will be as follows: 55% Product Development, 30% Marketing, Sales and PR, 5% G&A expenses, 5% Legal and 5% Security. Thus, nowhere is mentioned 45HC in the funds distribution.

As investors, we invested solely in CargoX and Bill of landing on blockchain product (with Credit Bill potential in the future) and not in 45HC. Even though, the idea of 45HC might have potential giving 700,000€ to 45HC will not increase CXO token price.

Why have you decided to give 10% to the 45HC and how will that benefit the CXO token price?

Thank you for the answer.

This is smelling like a theft to me, if is true of course.

I was always under the impression that 45HC is part of CXO now - like that is their alpha/beta/mvp -

Maybe you are right because they will look very bad if the funds are used for other things than this project related.

here is WP
https://cargox.io/CargoX-Whitepaper.pdf

while it is true that CXO never specifically stated funds going to 45 HC - 45 HC is mentioned 11 times in the WP/roadmap

"CargoX and 45HC are complementary products that benefit from synergies."

"CargoX CXO token will be added to 45HC.com as a payment method. Paying for
services with CXO tokens will give importers additional discount"

I still stand by what I said about how I always saw the projects connected, but nonetheless it is true that it was never specifically stated. This is a question that should be addressed by a team member... I think they are more active on reddit.

Well this is making some sense in the distribution of CXO ICO funds. If the 45HC.com is a complementary product of CXO Project I have nothing against redirecting some funds in there. My 2 cents!

usmanov123

full member

Activity: 434

Merit: 102

Chikuntv

Hi. I like the project and I invested in it. Hope the team will answer soon and they will become more active here

Perunex

full member

Activity: 546

Merit: 111

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

Quote from: SHBlizzard on March 13, 2018, 01:30:11 PM

Dear devs,

CEO Stefan Kukman officially said in a slovenian interview (Pop TV channel) that 10% of the funds raised from CargoX ICO will be given to his other company 45hc which has nothing to do with CargoX (except that it is in the same industry). In the white paper funds distribution will be as follows: 55% Product Development, 30% Marketing, Sales and PR, 5% G&A expenses, 5% Legal and 5% Security. Thus, nowhere is mentioned 45HC in the funds distribution.

As investors, we invested solely in CargoX and Bill of landing on blockchain product (with Credit Bill potential in the future) and not in 45HC. Even though, the idea of 45HC might have potential giving 700,000€ to 45HC will not increase CXO token price.

Why have you decided to give 10% to the 45HC and how will that benefit the CXO token price?

Thank you for the answer.

This is smelling like a theft to me, if is true of course.

I was always under the impression that 45HC is part of CXO now - like that is their alpha/beta/mvp -

Maybe you are right because they will look very bad if the funds are used for other things than this project related.

here is WP
https://cargox.io/CargoX-Whitepaper.pdf

while it is true that CXO never specifically stated funds going to 45 HC - 45 HC is mentioned 11 times in the WP/roadmap

"CargoX and 45HC are complementary products that benefit from synergies."

"CargoX CXO token will be added to 45HC.com as a payment method. Paying for
services with CXO tokens will give importers additional discount"

I still stand by what I said about how I always saw the projects connected, but nonetheless it is true that it was never specifically stated. This is a question that should be addressed by a team member... I think they are more active on reddit.

The thing is that in the same interview he says that companies are not connected, they are however (only) in the same industry.

The projects are somehow connected, no doubt about it. However the connection is limited imo. The connection with bigger players will rise CargoX, not 45-HC. 10% is A LOT. I would understand 1-3%, maybe even 5%, but 10%? It's too much for an unannounced giveaway.

SHBlizzard

full member

Activity: 196

Merit: 124

Quote from: SHBlizzard on March 13, 2018, 01:30:11 PM

Quote from: SHBlizzard on March 13, 2018, 01:30:11 PM

Dear devs,

CEO Stefan Kukman officially said in a slovenian interview (Pop TV channel) that 10% of the funds raised from CargoX ICO will be given to his other company 45hc which has nothing to do with CargoX (except that it is in the same industry). In the white paper funds distribution will be as follows: 55% Product Development, 30% Marketing, Sales and PR, 5% G&A expenses, 5% Legal and 5% Security. Thus, nowhere is mentioned 45HC in the funds distribution.

As investors, we invested solely in CargoX and Bill of landing on blockchain product (with Credit Bill potential in the future) and not in 45HC. Even though, the idea of 45HC might have potential giving 700,000€ to 45HC will not increase CXO token price.

Why have you decided to give 10% to the 45HC and how will that benefit the CXO token price?

Thank you for the answer.

This is smelling like a theft to me, if is true of course.

I was always under the impression that 45HC is part of CXO now - like that is their alpha/beta/mvp -

Maybe you are right because they will look very bad if the funds are used for other things than this project related.

here is WP
https://cargox.io/CargoX-Whitepaper.pdf

while it is true that CXO never specifically stated funds going to 45 HC - 45 HC is mentioned 11 times in the WP/roadmap

"CargoX and 45HC are complementary products that benefit from synergies."

"CargoX CXO token will be added to 45HC.com as a payment method. Paying for
services with CXO tokens will give importers additional discount"

I still stand by what I said about how I always saw the projects connected, but nonetheless it is true that it was never specifically stated. This is a question that should be addressed by a team member... I think they are more active on reddit.

gawlea

hero member

Activity: 756

Merit: 579

Dear devs,

CEO Stefan Kukman officially said in a slovenian interview (Pop TV channel) that 10% of the funds raised from CargoX ICO will be given to his other company 45hc which has nothing to do with CargoX (except that it is in the same industry). In the white paper funds distribution will be as follows: 55% Product Development, 30% Marketing, Sales and PR, 5% G&A expenses, 5% Legal and 5% Security. Thus, nowhere is mentioned 45HC in the funds distribution.

As investors, we invested solely in CargoX and Bill of landing on blockchain product (with Credit Bill potential in the future) and not in 45HC. Even though, the idea of 45HC might have potential giving 700,000€ to 45HC will not increase CXO token price.

Why have you decided to give 10% to the 45HC and how will that benefit the CXO token price?

Thank you for the answer.

This is smelling like a theft to me, if is true of course.

I was always under the impression that 45HC is part of CXO now - like that is their alpha/beta/mvp -

Maybe you are right because they will look very bad if the funds are used for other things than this project related.

SHBlizzard

full member

Activity: 196

Merit: 124

Dear devs,

CEO Stefan Kukman officially said in a slovenian interview (Pop TV channel) that 10% of the funds raised from CargoX ICO will be given to his other company 45hc which has nothing to do with CargoX (except that it is in the same industry). In the white paper funds distribution will be as follows: 55% Product Development, 30% Marketing, Sales and PR, 5% G&A expenses, 5% Legal and 5% Security. Thus, nowhere is mentioned 45HC in the funds distribution.

As investors, we invested solely in CargoX and Bill of landing on blockchain product (with Credit Bill potential in the future) and not in 45HC. Even though, the idea of 45HC might have potential giving 700,000€ to 45HC will not increase CXO token price.

Why have you decided to give 10% to the 45HC and how will that benefit the CXO token price?

Thank you for the answer.

This is smelling like a theft to me, if is true of course.

I was always under the impression that 45HC is part of CXO now - like that is their alpha/beta/mvp -

gawlea

hero member

Activity: 756

Merit: 579