[ANN] [ICO] ** WinTo ** Together For a Better Future ** Building the Foundation - page 12.

Winto

jr. member

Activity: 140

Merit: 1

Quote from: Dr.Sponge on October 25, 2018, 06:27:02 AM

Quote from: Winto on October 25, 2018, 02:40:16 AM

Quote from: Dr.Sponge on October 24, 2018, 06:15:09 PM

"As much as I like the concept you’re presenting and the transparency you’re trying to achieve I have to say there 2 red lights in the ICO model:
You don’t have a prototype of the app
You don’t have a soft cap
No offence, I just want to hear what you have to say about that.

For sure there are more people seeing the same 2 things as red lights, so I’m happy to answer.

1. We have a unfinished test version of the app built over an year ago before it was decided that the project will launch an ICO, but it’s outdated and we will not use it. We are currently negotiating with a big software company to build a new app from scratch and the process will start after Pre-sale 1 when we will have money to pay them for the alpha version.

We understand the risk is higher at this early stage and that’s why the token is offered at $0.01 while after we show the Alpha version of the app after Pre-sale 1 the price of the token will go to $0.04

2. We can’t have a soft cap because we will be using the funds raised in each stage right away for development, marketing, legal etc. As you know ICOs with soft cap don’t do anything with the money during the fundraising campaign and can refund the investors if they don’t reach soft cap.

The fact that most ICOs who are unable to reach soft cap, buy the remaining tokens using their own money so they don’t have to do a refund is another topic. In our token sale structure having soft cap just doesn’t make sense, because the money will be spent.

Thank you very much for clarifying this, I understand your point of view, but this leads me to another question: Does it mean that if I buy tokens now or at the next stage I will have to wait for you to finish the last crowdsale stage and only then be able to sell some of my tokens?

Not necessarily. If we launch in few countries during the 1st Crowd sale it is very possible to have a demand for the token and then we will list in on exchange. However, we are not able to make any promises as we don't want to set false expectations.

Everyone who believes in the project and would like to support us must be willing to wait at least 12 months. If we can make things happen earlier it's a bonus Cheesy

Winto

jr. member

Activity: 140

Merit: 1

Quote from: RasenShuriken on October 24, 2018, 05:16:04 PM

Quote from: Winto on October 24, 2018, 11:38:09 AM

Quote from: RasenShuriken on October 24, 2018, 10:30:03 AM

I’ve been reading through this thread and your whitepaper and it looks like the benefits everyone is going to receive is your key to success. Everyone likes benefits there is no doubt about that and there will be many who would like to use your platform. What bothers me is that referral program, isn’t this like a multilevel marketing scheme?

Yes, the only way to attract many people in a social network is to offer multiple benefits. As for the referral program it is just a way to additionally motivate influencers, regular users and even businesses to help us organically grow.

While MLM schemes pay commissions to two or even more levels up and down we only give a small portion of the cashback generated by each user to the person who invited them.

If it’s just a small portion of the cashback, how it will be attractive for celebrities and businesses. They are busy and have multiple sources of revenue, why would they engage and start inviting people to your platform if the rewards are not big enough?

When it comes to celebrities and businesses they have influence over big masses and even though we reward them with a small portion of the cashback when multiplied by large number of users it becomes a decent amount.

The other very important thing is that nowadays both celebrities and big businesses are literally competing who will get involved in more charitable events and they contribute using their own money.

In World Winners Network they will be constantly associated with charity and without spending a penny will achieve great PR results.

Dr.Sponge

member

Activity: 616

Merit: 10

Quote from: Winto on October 25, 2018, 02:40:16 AM

Quote from: Dr.Sponge on October 24, 2018, 06:15:09 PM

"As much as I like the concept you’re presenting and the transparency you’re trying to achieve I have to say there 2 red lights in the ICO model:
You don’t have a prototype of the app
You don’t have a soft cap
No offence, I just want to hear what you have to say about that.

For sure there are more people seeing the same 2 things as red lights, so I’m happy to answer.

1. We have a unfinished test version of the app built over an year ago before it was decided that the project will launch an ICO, but it’s outdated and we will not use it. We are currently negotiating with a big software company to build a new app from scratch and the process will start after Pre-sale 1 when we will have money to pay them for the alpha version.

We understand the risk is higher at this early stage and that’s why the token is offered at $0.01 while after we show the Alpha version of the app after Pre-sale 1 the price of the token will go to $0.04

2. We can’t have a soft cap because we will be using the funds raised in each stage right away for development, marketing, legal etc. As you know ICOs with soft cap don’t do anything with the money during the fundraising campaign and can refund the investors if they don’t reach soft cap.

The fact that most ICOs who are unable to reach soft cap, buy the remaining tokens using their own money so they don’t have to do a refund is another topic. In our token sale structure having soft cap just doesn’t make sense, because the money will be spent.

Thank you very much for clarifying this, I understand your point of view, but this leads me to another question: Does it mean that if I buy tokens now or at the next stage I will have to wait for you to finish the last crowdsale stage and only then be able to sell some of my tokens?

Winto

jr. member

Activity: 140

Merit: 1

Quote from: Dr.Sponge on October 24, 2018, 06:15:09 PM

"As much as I like the concept you’re presenting and the transparency you’re trying to achieve I have to say there 2 red lights in the ICO model:
You don’t have a prototype of the app
You don’t have a soft cap
No offence, I just want to hear what you have to say about that.

For sure there are more people seeing the same 2 things as red lights, so I’m happy to answer.

1. We have a unfinished test version of the app built over an year ago before it was decided that the project will launch an ICO, but it’s outdated and we will not use it. We are currently negotiating with a big software company to build a new app from scratch and the process will start after Pre-sale 1 when we will have money to pay them for the alpha version.

We understand the risk is higher at this early stage and that’s why the token is offered at $0.01 while after we show the Alpha version of the app after Pre-sale 1 the price of the token will go to $0.04

2. We can’t have a soft cap because we will be using the funds raised in each stage right away for development, marketing, legal etc. As you know ICOs with soft cap don’t do anything with the money during the fundraising campaign and can refund the investors if they don’t reach soft cap.

The fact that most ICOs who are unable to reach soft cap, buy the remaining tokens using their own money so they don’t have to do a refund is another topic. In our token sale structure having soft cap just doesn’t make sense, because the money will be spent.

Dr.Sponge

member

Activity: 616

Merit: 10

"As much as I like the concept you’re presenting and the transparency you’re trying to achieve I have to say there 2 red lights in the ICO model:
You don’t have a prototype of the app
You don’t have a soft cap
No offence, I just want to hear what you have to say about that.

RasenShuriken

member

Activity: 560

Merit: 10

Quote from: Winto on October 24, 2018, 11:38:09 AM

Quote from: RasenShuriken on October 24, 2018, 10:30:03 AM

I’ve been reading through this thread and your whitepaper and it looks like the benefits everyone is going to receive is your key to success. Everyone likes benefits there is no doubt about that and there will be many who would like to use your platform. What bothers me is that referral program, isn’t this like a multilevel marketing scheme?

Yes, the only way to attract many people in a social network is to offer multiple benefits. As for the referral program it is just a way to additionally motivate influencers, regular users and even businesses to help us organically grow.

While MLM schemes pay commissions to two or even more levels up and down we only give a small portion of the cashback generated by each user to the person who invited them.

If it’s just a small portion of the cashback, how it will be attractive for celebrities and businesses. They are busy and have multiple sources of revenue, why would they engage and start inviting people to your platform if the rewards are not big enough?

Winto

jr. member

Activity: 140

Merit: 1

Quote from: Tokuyised on October 24, 2018, 11:02:11 AM

In this bearish market very few projects will be able to stand out. I believe if you continue to stay active on here and get more interactions on your social media you will be one of the few. Good luck!

Thank you, we appreciate it Wink

Winto

jr. member

Activity: 140

Merit: 1

Quote from: RasenShuriken on October 24, 2018, 10:30:03 AM

I’ve been reading through this thread and your whitepaper and it looks like the benefits everyone is going to receive is your key to success. Everyone likes benefits there is no doubt about that and there will be many who would like to use your platform. What bothers me is that referral program, isn’t this like a multilevel marketing scheme?

Yes, the only way to attract many people in a social network is to offer multiple benefits. As for the referral program it is just a way to additionally motivate influencers, regular users and even businesses to help us organically grow.

While MLM schemes pay commissions to two or even more levels up and down we only give a small portion of the cashback generated by each user to the person who invited them.

Winto

jr. member

Activity: 140

Merit: 1

Quote from: PwrLeveld on October 24, 2018, 09:15:01 AM

Quote from: Winto on October 24, 2018, 05:48:03 AM

Quote from: PwrLeveld on October 23, 2018, 07:28:50 PM

Thumbs up for the token sale structure, very few teams are trying to be so transparent when it comes to usage of funds. The token price grow makes sense as well, but here is a question for you:
When you get to the stage when the price will be $0.16, how will you prevent early buyers to sell their tokens to others for let’s say 10 cents?

I’m glad to hear you recognize us as one of the few “good guys” and would like to thank you for sharing it here.

As for the tokens, we can’t prevent people from doing that, but those who attempt to buy tokens at lower price will be exposed to scammers. So, it’s their own call. It’s like buying an Iphone from a website that is not secure, and you never heard of. Will you buy it even if its 30% cheaper?

You really have the answers to all possible questions, don’t you? How about the Winto pool, will it be available for the token holders before or after you go on exchange? Just trying to see if I really want to participate in this ICO.

Not a problem, you can ask as many questions as you like, that’s the point of having this thread. The Winto pool will be available as soon as we launch the World Winners Network as a fully functional product (after Pre-Sale 3), because at this point there will be users of the network who will need tokens and don’t have accounts on crypto exchanges.

Winto

jr. member

Activity: 140

Merit: 1

Quote from: BlueEyesWhiteDragon on October 24, 2018, 10:24:39 AM

Me and my friends are following your ICO for a while and everything is presented very well. I see that you will be showing how the money raised from the presale stages will be spend. What are you going to use for the money from the private sale?

Hello,

The $170K from the Private Sale will be spend mainly to build awareness, on marketing and operational costs needed for Pre-Sale 1

We will publish a report how funds were used after each stage

Winto

jr. member

Activity: 140

Merit: 1

Quote from: davidmia on October 24, 2018, 09:51:50 AM

You have big goals but not so big team. How are you going to handle the process of collecting so much money?

Hi there,

This is true, our team consist of very few people indeed. There were few more people when we started but none of them had the right expectations, motivation or enough patience.

We have a plan, how many people and on what positions to add to the team after each stage of the campaign, so no worries the team will grow.

Tokuyised

jr. member

Activity: 125

Merit: 1

In this bearish market very few projects will be able to stand out. I believe if you continue to stay active on here and get more interactions on your social media you will be one of the few. Good luck!

RasenShuriken

member

Activity: 560

Merit: 10

I’ve been reading through this thread and your whitepaper and it looks like the benefits everyone is going to receive is your key to success. Everyone likes benefits there is no doubt about that and there will be many who would like to use your platform. What bothers me is that referral program, isn’t this like a multilevel marketing scheme?

Winto

jr. member

Activity: 140

Merit: 1

Quote from: steampunkz on October 24, 2018, 09:11:48 AM

I am browsing some ICO's and this one caught my attention. Good to see the OP is active answering question and queries of the members, keep it up.

Doing my best here Roll Eyes

Thank you for the endorsement

BlueEyesWhiteDragon

newbie

Activity: 18

Merit: 0

Me and my friends are following your ICO for a while and everything is presented very well. I see that you will be showing how the money raised from the presale stages will be spend. What are you going to use for the money from the private sale?

Winto

jr. member

Activity: 140

Merit: 1

Quote from: lobster88 on October 24, 2018, 09:05:45 AM

I see there are 2 newbies trying to provoke you and it’s obvious their accounts were created for this purpose. I don’t know what’s the deal with that and it’s not my business, just wanted to say that it looks very good when you reply to their comments everytime instead of ignoring them like most people would do.

Of course, if we start ignoring the negative comments than no one will take us serious.

davidmia

jr. member

Activity: 31

Merit: 1

You have big goals but not so big team. How are you going to handle the process of collecting so much money?

Winto

jr. member

Activity: 140

Merit: 1

Quote from: ?? on ??

From what I understand the winto token will be used for donations and you mentioned more services. Can you give me few examples?

Sure, we have highlighted several examples in the Whitepaper - Token Economy section and in the 3rd video on our website.

Besides the Causes, there will be Hot Topics, Articles and Videos in the Wealth & Health section, Educational services published by famous speakers and experts exclusively for World Winners Network, interviews or Q&A sessions with the celebrity partners etc.

All the above will be accessed with WinTo tokens and to have a functional tokenomics users will be also rewarded for engaging with them. (writing reviews, reporting issues with causes, offering free educational services etc.)

Last but not least all the advertising space/time on the network (although limited) will be accessed with WinTo tokens as well. While the value in USD will grow along with the number of users, the price in tokens will remain pretty much the same. Therefore it will be very attractive for marketing agencies to acquire tokens at early stages and use them to buy advertising on our platform later on when the user base will grow.

Once again to get a better idea with examples I suggest watching the 3rd video "Token Economy Explained" seen on our website

Winto

jr. member

Activity: 140

Merit: 1

Quote from: Ribak1992 on October 24, 2018, 08:39:42 AM

Quote from: TechComputer on October 24, 2018, 07:18:19 AM

Quote from: Winto on October 24, 2018, 06:45:57 AM

Quote from: TechComputer on October 24, 2018, 06:11:40 AM

Very revolutionary approach in the beginning of your presentation, in the whitepaper, the video. It almost seems like it’s you against the world. Are you trying to convince us that you will fight governments and corruption with a social network?

Hi, thanks for your comment. I hope you’re not being sarcastic.

We will not fight anybody; our goal is to remind people that there is no need to sit and wait on someone else to solve their everyday problems. We believe that if people are convinced one community is not corrupted and manipulated this will instigate social responsibility.

Yeah, ok this may work. But you want to raise over 100 million dollars to build a social network or community where money for charity will come from shopping and at the same time you are talking about the negativity of social media addiction and consumerism.

this is what confuses me. on the one hand you want to decentralize and go against the fact that people come to the crypt not only for ideas but also for money and it is almost impossible to fix it. on the other hand, they collect very large sums for a project which, if you look at things soberly, is unlikely to work. you can not be immediately in two dimensions at once.

Hi and thanks for joining the discussion.

I totally understand that things might be a bit confusing and we are certainly paying very close attention to all the feedback so we can improve our presentation.

Key point is we're not trying to change anything:

People would invest in blockchain projects to make money on a first place like they invest in any other opportunity.

People will continue to do shopping as this how they are programmed 24/7 on TV, Social Media, Newspapers etc.

The Social Media addiction has not even started. In few years from now all communication will be done from a device we hold in our hand.

What we are trying to do is:

To take advantage of this revolutionary crowdfunding method and build our platform without allowing big investors to tweak the charity model in their favor.

Use part of the insane amount of money spend on shopping every second to fund charitable cause and drive positive change.

Resurrect the real idea and value of Social networks - Connecting people from all around the world so they can make a difference using the power of a community.

I hope this makes more sense and would love to hear your thoughts on the above. Thanks

PwrLeveld

member

Activity: 336

Merit: 10

Computta Mine Your Own BTC

Quote from: Winto on October 24, 2018, 05:48:03 AM

Quote from: PwrLeveld on October 23, 2018, 07:28:50 PM

Thumbs up for the token sale structure, very few teams are trying to be so transparent when it comes to usage of funds. The token price grow makes sense as well, but here is a question for you:
When you get to the stage when the price will be $0.16, how will you prevent early buyers to sell their tokens to others for let’s say 10 cents?

I’m glad to hear you recognize us as one of the few “good guys” and would like to thank you for sharing it here.

As for the tokens, we can’t prevent people from doing that, but those who attempt to buy tokens at lower price will be exposed to scammers. So, it’s their own call. It’s like buying an Iphone from a website that is not secure, and you never heard of. Will you buy it even if its 30% cheaper?

You really have the answers to all possible questions, don’t you? How about the Winto pool, will it be available for the token holders before or after you go on exchange? Just trying to see if I really want to participate in this ICO.

Topic: [ANN] [ICO] ** WinTo ** Together For a Better Future ** Building the Foundation - page 12. (Read 23488 times)

Topic: [ANN] [ICO] WinTo Together For a Better Future ** Building the Foundation - page 12. (Read 23488 times)