This must be the third or the fourth time the Bitmora team have tried to launch their project. As with the previous attempts they had threads stating their intent but could not get their idea off the ground.
On one of the attempts they showed they had a $15k investment out of a $60k target but there was little or no interest in it, certainly investors were not lining up.
There is no reason to be so sure this attempt to get their idea off the ground will succeed because of previous failures but I give credit to them for trying again and again. The investment involved for them to meet their propositions are huge. Keeping all other things related to the actual trading matters aside, they intend to have telephone support staff which will probably be based in the US (not elsewhere to save funds) so will be costly.
The key reason for Bitmora launch failures in the past was lack of investment. Had the team believed in their idea so much surely they could have arranged the $60k they needed when they first tried to launch but two main players in the project seemed to believe in the project but did not seem to invest their own funds. The reason I declined to invest in Bitmora many months ago was because it seemed the two founders wanted to create and direct the project but had little or no funds themselves.
I hope they succeed, it would be nice to see a new exchange with new formats to choose from.
Hello, I've acknowledged your concerns and will address a few of them here personally.
Firstly, I'd like to address your statement towards this had already failed multiple times. We never actually failed (in our eyes), we didn't see much response using our first method, and went into development to build our new site and investors portal, which has had an amazing response in the past 3 weeks with over 50 new signs ups a day, and multiple investments being made daily, most of these averaging $1,000+. While I see from your POV it could be seen as the first time was a failure, however to us we never saw it that way. We're still the same team, and still have all the contracts with our companies before.
I'd also like to address my teams commitment to this project. We are a small team, and we all put in very long hours to do a little bit of everything. Everyone on my team has made huge sacrifices the past few months, including me being forced to move across the country (again, twice in the same year), and we've all invested capital of our own into Bitmora.
I do appreciate you following our project, even months after we last talked. I'm glad to see that you're still interested in the concept and support the idea.