I have a concern over the 85% Private pre-sale bonus. I keep seeing many ICOs dumping immediately after they are traded due to large bonus like this (we also have to add bounty tokens, normally on sale).
What are your plans to prevent dumping?
Yes, it is quite a big bonus. First of all, to clarify, the reason we have a larger bonus is
1. There are no refunds for pre-sale investors as these funds will be going directly towards continuing development of our MVP and doing marketing for the Main ICO. As such, there is a larger risk when buying the Pre-Sale and we want the price to reflect that.
2. We do need that funding early on to ensure the success of the Main ICO. Again, it's to make it more attractive
But what happens if ICO doesn't reach the pre-sale? The 85%, in this case, makes sense, but still very risky. I wonder if you are already in contact with some very large investors (they can take such kind of risks)
I suppose you mean if we don't reach the minimum funding target? In that case, we will just try again. We have the necessary funding (we'll tighten our belts) and will have more time to grow awareness and continue Kakushin Ecosystem development. If we don't reach it this time, we are confident we'll definitely reach it on the second try, after we have released our platform and have a working product, real project pipeline, real users and revenues. For what it's worth though, we're at a stage now where we're all quite sure we can at least raise the minimum funding level now =)
Yes, no refunds for the Pre-Sale phase are risky. However, I hope we can demonstrate with our team and our performance so far that this is a serious venture. We are in touch with private investors and have some already. However it's not enough to fill the soft cap (~USD 4M) and that's fine, as we want to give the same discount opportunities to public ICO participants.
Hello, thanks for your detailed answer. I find very positive the fact you are already in talks with some private investors. Even if they can't cover the entire cap, they can provide the right traction for further crypto-investors. yes