Interesting changes. Glad to see this. As usual, I have some questions/concerns.
https://drive.google.com/file/d/0Bz5jVqQaTSBcZGlCZ2h1VlhQajA/view?pli=11.2 The development completion is estimated to be during quarter 4 of 2015, although we make no guarantees that this will occur according to such a time-frame as it is projected to be completed much sooner. We present worst case delivery estimates to exceed expectations of our customer’s. Honesty and transparency are some of our core values. We operate in the community’s best interest as professionals.
To continue without delays in development, 428 units will need to be sold monthly throughout the 7 month development cycle. Cleverhash anticipates that this is achievable, however, Cleverhash cannot guarantee it. 1.3 We have removed the pre-order requirement and will value each token turned in to cleverhash.com for products and services at $1,
regardless of how many miners we sell. When the exchange price value goes above $1, we will value each token at the value listed at Bittrex.com
https://drive.google.com/file/d/0Bz5jVqQaTSBcZEYzd3dLTnFtUm8/view?pli=11.4 CLEVERHASH MINING HARDWARE
Cleverhash tokens (hash) can be exchanged for an ASIC miner. The price reduction in the cost of the miner will be reduced by the (hash) token value set forth by Cleverhash at the bitcoin equivalent of one dollar (USD) per hash token. If the exchange price is greater than $1, Cleverhash will honor the price listed at the exchange at the time of exchange.
If the exchange price is under $1, Cleverhash will still value your coins at $1 and will destroy them after you turn them in for a product and service, not dump them back on the exchange. You said you
"removed the pre-order requirement
" but now you say,
"To continue without delays in development, 428 units will need to be sold monthly throughout the 7 month development cycle.
" What happens if 428 units are not sold every month? While this seems reasonable compared to number like 3,000, its still an average of about 14 units each and every day for 7 solid months. Some days will be less, while others are more but what happens if you only sell 300 the first month and 250 the second month? The first two months have been well under your expected sells numbers. Will production move forward or will things be put on hold until 856 units are sold?
"regardless of how many miners we sell
"... If less that 428 units are sold each month, we still get a value of $1.00 per CHASH?
"If the exchange price is under $1, Cleverhash will still value your coins at $1
and will destroy them after you turn them in for a product and service, not dump them back on the exchange." So you will only destroy the CHASH if it's value is less than $1 on the exchange? If the value is over $1 will you sell them back on the market?
What happens if the ICO does not sell out?
