I found an information on one of the ICO listing services,
https://foundico.com/ico/bitwin-2-0.html to be exact, about
token sale phases. Could you explain why is there a 10% discount in the 3rd stage of token sale, which seems to be the final stage?
What is the point of the token base price then?
Base price of the token is the lowest price, at which Bitwin Team will be able to sell some of the tokens.
It was established above the price that people buy into our offering, because we do not want any team
members pushing the price down after hitting exchanges and discouraging our investors.
1.Does this mean that dev team members do not have a lock period for tokens?
2. What benefits will investors have from holding tokens?
3. People can play with BWT token in casino. What gonna happen with tokens they lose in casino?
4. Your crowdsale have no timeframe, but what if after year you will collect for example only $3M? Will you continue collecting money, if so.. untill when?
I'm asking, because there is risk that if you don't close crowdsale, listing on exchange will be also blocked and in this same way invested funds also will be locked. Or meybe there will be other way to exchange tokens for crypto or fiat?
Edit/ I think this last question should be split in two.. 5. Do you plan listing on exchanges, if so - when?
Hello,
1) They actually do, dev team has a 6 month lockup period on their tokens.
2) First of all, I would like to point out, that Bitwin Tokens are a utility token, so no dividends or payments are paid out to our holders. BWT tokens allow players to have an extra edge while playing with a casino by increasing their odds of winning. This naturally creates a demand among bigger players, to use them as their go-to wager option. Since there is a finite amount that can be obtained only during ICO or bounty programs, early investors / adopters benefit from decreased prices and lack of such a demand that you can expect after marketing campaigns are done for the Bitwin Platform itself.
3) If a wager/bet is lost by a player against the casino the tokens will simply go to Bitwin's account. Whenever a player wins a wager/bet,
he will receive the winnings to his account.
4) We do not want to prolong the ICO and the Token Sale does actually have a specific timeframe:
Private sale: 15.01.2019 - 15.02.2019
Public sale (Phase 1): 18.02.2019 - 11.03.2019
Public sale (Phase 2): 12.03.2019 - 02.04.2019
Public sale (Phase 3): 03.04.2019 - 24.04.2019However, we hope to finish the sale much quicker, it is just a precaution caused by the market downturn.
We have a agreement with a major exchange operating in Asia, as far as US and Europe, we have not decided yet for a specific provider,
but we want to list our tokens as soon as possible after the ICO, we gave ourselves a timeframe of 2 months ( after the Public Sale ends ).
It is beneficial for both parties, Bitwin gains more traction and investors get liquidity.