Unsold tokens from the ICO will revert to the GAT Foundation which is independent so I cannot say what their plans will be. However the main purpose of the GAT Foundation is to ensure that the GAT Market remains stable and that GAT Coins remain liquid within the GAT System so they continue to be the currency of the GAT Exchange. So its safe to assume they will not just dump the tokens and dilute the market!
I also hope we hit the hard cap and this question takes care of itself!
Will this GAT Foundation be locked for some time or will it be accessible for all devs right after ICO?
Let say you just hit the soft cap then there will be a lot of unsold tokens in the Foundation... Its not easy to stabilize the market when there is a dump? Could you explain more on how you will stabilize the market?
I personal think this will keep investors away... or they will wait until the last day to see how the ICO is going. If there are a lot of tokens sold they will invest otherwise they will keep away.
Maybe you beter write a good blog post for Whitepaper and website with more info about the Foundation.
It is important to note that the GAT Foundation is seperate from the Dev's, the entire purpose of the GAT Foundation is to be a non profit that ensures the longevity of GAT Coin and the GAT Exchange, so in no way would it ever be in their interest to dump all their GAT Coins at once and ruin the market. It is also important to note that we as the Dev's will not have access to the GAT Coins allocated to the GAT Foundation, so we could not cash in like that even if we wanted to (we don't btw all of us are personally invested in the project and firmly believe in the future of the project).
Your suggestion that we elaborate more on the GAT Foundation, its purpose and its strategy is an excellent one, we will work on that and keep you all updated once it is online!
$20 M USD is really a lot. Why do they need as much? I think it will be very hard to achieve this amounts of funds.
Short answer, we want to do this right, in order or ICO investors to see truly excellent returns on their investment we need to build a bullet proof system, test it extensively set up infrastructure in multiple markets and actively pursue as many merchants as possible to expand the network as soon as possible. To do this we need funds unfortunately we cant build a easy to use interactive marketplace that spans the globe and covers a vast network overnight and on the cheap
If you look at section 4.3.1 you will find more information about the use of proceeds and our expansion plan.
https://www.gatcoin.io/wp-content/uploads/2017/09/170919v2-Whitepaper-EN.pdfI have a question about merchant tokens.
So if they want a side market about their tokens it can put it to exchanges, right?
X brand make a token and people loving it, so a user can put it at least etherdelta to make a profit of it?
At the moment there is no mechanism in place to allow them to take merchant tokens directly to a marketplace. Merchant tokens can be used to purchase goods in store, on line or traded on GAT Marketplace.
It is helpful to view Merchant tokens more like traditional rewards vouchers, not a currency or a stored value card. This is where the value of the GAT Exchange comes in where consumers can take the additional step of monetizing rewards if they wish to and if there is demand for it.
We have an overview presentation
https://www.gatcoin.io/wp-content/uploads/2017/09/170928v2-GATCOIN-System-Overview.pdf that explains the system concisely.
