Q. Why we need a token rather than GBYTE ?
A. #. The one of the reason is, about funding. We can use GBYTE, when we have the platform ready. In that situation, it would be easy to accept GBYTE in fees. Which will take some time. We consider the token, "as trust" among the devs and the community members. With Initial Coin Offering, we are trying to say, "hey, please buy Nemesis tokens, thus help us out in building a great product". People, who think we are competent enough to create such product, will contribute.
So basically you're just asking for 1 million dollars in donations? Why didn't you say so in the OP?
#. The circulation of the Nemesis tokens is governed by the Byteball network. If a user wants to use the bots/platform, s/he needs to get the tokens, for that s/he must setup a local Byteball wallet.
Once again: why didn't you say this in the OP?
This makes it even worse: you want 1 million dollars to create a service bot, and then want people to pay you again to use the service bot?
Looking at your screenshots: "Buy signal: Expected to increase by about 15% in next 6 hours": I don't believe it!
IF you could really predict this, you wouldn't be asking for 1 million dollars here. You'd be swimming in money if you could predict this!
That makes this at best a pump&dump bot: getting enough people in for it to actually become true, so that the first investors earn most.
Also, instead of using a new platform, this could all be simply put into an RSS feed.
Hey, thank you for your criticism. We will surely learn from it.
#. Website is under construction, we are working on it. A new version is on the way, with all details and documentation.
#. We do not have any PR person, who can write cheesy english for us.
#. The link between bots and the tokens is that, once we launch our platform from where the users can control their bots. The users need to feed the tokens, in order to make it work. Token is the integral part of the economy, we are trying to build around our product.
#. 1 million dollars is the upper limit because we think that our products worth is somewhere between $1 - $1 million. We will get what we deserve, after the 30 days of ICO. If we are asking way too high, the market will adjust it accordingly. As we do not have any marketing strategy in place, yet. Hence, we think, only those people will contribute, who are using the bots and getting benefit from it.
#. We are not asking anything in donations. Instead, we are asking people to try and evaluate the product. If they think, it deserves contribution, then only contribute.
#. We are going to provide the relevant information from different exchanges and social media in real-time. Our target is to cover each major crypto exchange (at least top 10). Once, fully operational, we will be dealing with gazillions amount of data. The collection and processing such huge amount of data need lots of resources. If we do not have, "as-a-service" model, how our product is supposed to sustain after 2 years ? If you have any thoughts, how we can make our proposed economical system better, please let us know.
#. "Buy signal: Expected to increase by about 15% in next 6 hours", it is already has been removed, since over a week. But forgot to remove it from here. We have posted another similar announcement on cryptocurrencytalk, where we did not include it. We accept our mistake and will fix it.
#. Yeah, you are right. If we get enough users, our bot itself will become a variable in the market equation, it is trying to solve. But, we think that is how market dynamics works. Most influential figures, like Warren Buffet, who are now part of the market equation. His comment can affect the whole market. It will take time to reach us, in that position (with respect to crypto market).
#. We have never considered the RSS feed. We will think about it.
We admit that, there are so many details missing right now. We are working hard to make them clear. We are learning, continuously. Any further criticism/suggestions are welcome.