Didn't they sell all those apartments in Dubai?
Don't they have enough crypto already?
This is a money grab pure and simple.
This will go the same way as BCAP did.
Keep your crypto people.
ICOs are fucking dead.
Your Crypto is precious.
Stop making billionaires and millionaires even richer.
PS: If you muppets are already loaded, fund your venture with your own money. Stop conning noobs into giving you their hard earned cash.
right, so what is bringing VALUE to Crypto, hodling, right?
good luck with your ventures!
are not here to bring VALUE to CRYPTO
You are here just to line your own pocket.
Only 30% of the ICO funds are for development.
The other 70% might as well be for hookers and blow.
If you went to Dragon's Den, that's what you would get:
https://i.imgur.com/kpd0s99.gifBefore the sale, we have outlined four different scenarios how funds will be spend depending on the raised amount, its here:
https://www.dropbox.com/s/0i8cbgmyl0sw7jp/EQUI%20-%20Funding%20Distribution.pdf?dl=0Here is current scenario, as we have raised 7.5M already, funds distribution is described in Illustration 1.
Last thing - in Russian there is a saying - you do not have to prove that you are not a camel.
So we are here to show what we want to do, which includes:
- build a platform to allow KYCed users to participate in pre-selected ventures by EQUI team
- provide due diligence (also done by EQUI team) for the projects hosted on the platform
- simplify the ability for the investors to go from fiat to crypto, which we will do by integrating PSD2 directive
Anyway, thank you for your feedback, time will tell how much we will accomplish and useful this product will be for our customers.
Personally - I do not see any other way to show the utility of Crypto as a whole, except of the trying, building, (possibly failing), building again and again products until it will be the product customers like. ICO as a concept is a absolutely new way to test ideas in relatively cheap manner, allowing more tries (and more failures as well). And I do not see how eg HODLing will bring value. Real utility will, real use case, and people who are using the product and need it.
So, I do not agree that ICO concept is dead. It might evolve/change due to regulations, but it will stay. Its just personal opinion, we are not in control of establishment who could ban everything they want. At the same time - if they will do this, then we will adapt.
