Topic: [ANN] EQUIBIT (EQB) 📈 A P2P Decentralized Securities Platform 📈 - page 18. (Read 30477 times)

Proof?

This is the clone of R3D. Made by the same people and is likely to follow its destiny. If ure not aware R3D was a bittrex ico capped at 1K btc that came a cropper and resulted in a refund. This one will come down the same pipe. Chime in and put ur money where ur mouth is, u will incur a loss and wont ever recover from it.

As the project seems to have attracted a lot of attention and interest already, there is likely a large number of people wanting to participate in the ICO, is the ICO platform ready for a rush of buyers, hardware wise? A crashing platform could stir up feelings among potential buyers.  

So what happens if 2 people send btc at the exact same second? Considering the fact that distribution is linear and pretty limited

Thanks for the question, our CEO has been meeting privately with individuals - some through meetup and other networks to talk about the value of EQB. We can share that he has been successful in raising interest in the ICO through these avenues.

Though we respect the use of escrow - when we look at what escrow really is, it doesn't make much sense for a startup like ours to do this when we've previously raised a successful seed round.

From our blog post: "Investors want escrow because they think the company can’t be trusted. Companies use escrow as a tool to gain trust, but there are better ways. Having a great and experienced team. Working with the right business partners (you’re judged by the company you keep) and demonstrating a passion for your product and commitment to delivering it are all far greater indicators of trustworthy team. Needless to say, if escrow is the only thing standing between you and buying an ICO, you shouldn’t be buying it."
See the rest of the blog post here http://equibit.org/post/ico-escrow-agent/


We certainly recommend anyone considering participating in an ICO to do their own due diligence, we believe in being transparent which is why we've released full details on our previous fundraising.

In truth, escrow does no guarantee that the project will be successful as escrow agents do not provide due diligence. There have been many projects that have used escrow which have failed.

We believe in having a solid team with previous experience, a well thought out development plan, strategic business partners, and following through on our commitments.


For more details about why we chose not to use escrow please see this link: http://equibit.org/post/ico-escrow-agent/


We are not like iconomi. And we are not using escrow for the reason that we have  built the infrastructure needed to collect purchaser information and payment and so the primary purpose of using an escrow agent has already been dealt with.


This is a trading platform, issuing platform, and investor relations platform in one. The main value proposition is that we allow companies to release their shares in a decentralized fashion on the blockchain and be able to manage this process from issuing to investor communications themselves.

These questions may have been lost in the escrow talk...

Thank you for this comment.


We envision that companies who have already IPO/ITO'd can release a different class of shares on EQB.


Details about why we aren't using Escrow can be found here: http://equibit.org/post/ico-escrow-agent/



We appreciate your feedback.
Escrow has been used for decades by companies raising funds because the logistics of doing it all themselves was nightmarish. Escrow agents specialize in getting through all of the investor paperwork, collecting investor funds, and making a lump-sum distribution to the company when the offer closes. It’s always been about getting companies capitalized in the most efficient way. Escrow agents have no responsibility or duty to do your due diligence, and they won’t. Nor will they do anything to drive a project forward and deliver, that’s what CEO’s do. EDC has built the infrastructure needed to collect purchaser information and payment and so the primary purpose of using an escrow agent has already been dealt with.

Further details about why we aren't using escrow can be found here: http://equibit.org/post/ico-escrow-agent/

Have you even read the information available yourself? There's a great whitepaper and the ICO terms are already set. You're too stuck in the Altcoin universe. I find it hard to believe a company which has raised $150,000 and is valued at $3 million would need an escrow.

ICO T&C: http://equibit.org/equibitico.pdf

I don't think that without escrow the investment amount will be high. If only from bct-newbies that read nothing, and hope for freebie. These type of investors like to participate in "black holes", like Lithium or Taskie . So let's wait for information.

It can't be same, it is an electronic equity system, Iconomi is a financial profit share platform, it is different and targets on different market. This project looks better, I hope not overbought.

OK, so ico beginning soon, and we will wait for a putative escrow.

also equities are a highly regulated area in the financial world, the idea is good, but the result incertain;

will the stocks traded already trade on a classical bourse, or will they be entirely different stocks ?

If he doesnt have an escrow, its safe to left him negative ratings. Everyone who comes up with a newly made wonky coin should at least have an escrow if he / she wanna people to take him / her seriously.

Saw this thread in the Iconomi thread  Same as Iconomi?

Another question (apart from the escrow). Once the ICO ends, how long will it take for the investor to get their coins and freely trade them?

That's my worry too. An escrow really is a must and if I'm not mistaken the ico price is about $2. I'm interested but I'm gonna check this out from the sidelines.

This project is trading plaform, right?

What does this mean?

EDC & EDR 

I agree with the opinion above, without escrow investing in unclear candy wrappers willbe dangerous. And the price is too overstated. The actual cost will be determined by the market. And, most likely, the price will be x10 less then ico-prices.