We are open to what the ICO brings, but a close figure in order to expand and compete with big cloud companies would be 200 btc, i wasn't going to go over details for some on our expenses, but acquiring 3 to 10 petabytes is not cheap.
to be clear in one point most of this coins that where selling their ico based on pure paper, we have something that works and is going to begin generating revenue pretty soon.
lets say we dont get to sell all of our coins the rest is getting destroyed bringing the value up and I'm sure investors would be happy, given the fact we have a working product.(not getting into details about stability fund and possible private investors acquiring a big portion of the coin)
The latter part is was what I was getting at regarding min. amount of coins that needed to be sold. Sometimes devs decide to cancel the ICO. Or probably worse, like take whatever they can get and just abandon the project. But if just enough is sold, and the rest destroyed, it could end up being a profitable situation for investors. If it sells out, that means there is a lot of demand there, and typically that is where profits are made too. Middle ground is the iffy part... tends to go bad for a lot of investors.
So if at the end of this you are sitting at say, 10-30 BTC, you'll still go forward?
The biggest problem you will probably face is overcoming Bittrex ICO skepticism and association with all the failed ICOs. Even though you can argue your coin is different, it has a working system, and so on ... people may not be willing to look past the exchange. We'll find out though.
Correct, there is always a lot of iffy parts like in all crypto.
sitting at that level of course we could go forward but with a lot less features and not being able to compete with bigger cloud services, just yesterday i was talking about a build in downloader to the cloud where a client could download directly to their account and not worry about their internet speed, the same with torrenting.
there is always a lot of ideas worth researching and it always take time and money to get them right.
Yea there is a huge problem in the scene right now all the drama with bittrex now, but hey is a path we are willing to take why b/c we are willing to show people that we are real.
like i really appreciate you and everyone that has taken their time to ask questions and get our opinion of what is going on and what are we willing to do.