I have a couple of questions about this:
So you are saying that 1 ecobit is about 0.03 USD. And the total limit of supply is 8,888,888,888.
Does that mean that only the amount of ecobits will be issued that were actually bought by investors? And that there is a limit to how many can be issued?
OR... that 8,888,888,888 will definitely be issued, no matter what?
That's an important detail that determines your valuation.
Also, could you give some more detail about your business model, revenue streams etc?
Are you just marketing this ICO to the crypto community or are you marketing this ICO to the general public as well?
Your first funding goal says "Carbon Credit/Offset 5000 BTC". Could you explain what this is, how this will work exactly, and what that means for investors. Also could you explain why you need 5000 BTC for that?
I read in news articles that 55% of your carbon trading profits will go to the state government and 45% to your company (Climate Protectors). How much of that profit will be given to investors?
Could you also provide us with an in-depth explanation of your revenue sharing programme for investors? Not only for carbon trading, but future projects as well?
Answers from the team enclosed:
(1) As with most IPOs, only 10% to 20% will be issued to the public. Total issued will still be 8,888,888,888 EcoBit, nothing more and nothing less.
The team will hold the balance of the EcoBit internally. Like other projects, they will practice a good "Code of Conduct" e.g. advance announcements if the team intends to use any significant % of the retained funds.
(2) Projects under EcoBit:
Aquaponics and Spirulina. The weekly benefit will be given free to local people first and the extra will be sold. The nett profit will be then used to buy back EcoBit.