Topic: [ANN][ICO] 🔥ANGEL TOKEN ICO IS OVER 🔥THANK YOU TO OUR 400+ INVESTORS! - page 7. (Read 50895 times)

Correct.

As founders we don't get any of the Ether funds that are raised in the ICO.

We receive exactly 8% of the tokens that are distributed to investors. So for each 1000 Angel Tokens sold we as founders get another 80 tokens that are minted "extra" for us and that we share among ourselves.

The management fee of 0.75% should hopefully cover the running costs for our office and team members etc. and then we personally benefit from owning those 8% of the Angel Tokens in the same way any other Angel Token investor benefits, from the rise in price of those tokens as the Angel Token Portfolio increases and from any dividends that are paid to Angel Token holders.

We believe it is fair and reasonable that 100% of the funds raised through the ICO goes towards investments in small cap altcoins and helping those coins become as good as they possibly can be, so their market cap increases, which benefits everyone (us included, since we will own 8% of the tokens).

You said to ask if anyone is confused, and I am!

So are you saying that the Angel Token team doesn't take ANY of the funds raised from investors during the ICO for themselves???

Not even 8%???

So how does the Angel founder team benefit then??

Thank you for a thoughtful question.

There are two parts to the refund periods as we see it, and they are kind of competing with each other in terms of importance.

1. As an anonymous team there is the issue of trust that we wanted to address with the Guaranteed Investor Refund period.

The refund period consist of a total of 150 days.

During the first 100 days any investor in the ICO can INSTANTLY and AUTOMATICALLY get 80% of their invested Ether back, by simpy returning all or part, (for a partial refund) of their tokens to our ICO Ethereum smart contract address.

During the 2nd refund period, which lasts the following 50 days after the first 100 days have ended, any ICO investor can INSTANTLY and AUTOMATICALLY get 40% of their invested Ether back, by simply returning all or part (for a partial refund) of their tokens to our ICO Ethereum smart contract address.  

We believe that 100 and 150 days will be enough time for investors to get a good feeling for and understanding of a lot of things surrounding Angel Token, such as:

- How we are as a team. By that I mean that investors will have plenty of time to chat to us and discuss various issues surrunding the ICO, potential investments and many other things. It is basically a time for investors to "get to know us".

- To see how we make investment decisions, and potentially even see how one or a couple of those decisions turn out. Investors will quickly come to understand how we deal with things inside the private investors community, and see how we address various issues and questions.

- To see how the price of Angel Token will develop on the open exchanges. Investors may have many opportunities to trade in and/or out of Angel Token with a profit. Or they may be disappointed with how the price develops during the first 3 months and rather claim their 80% or 40% refund because they don't think the price will develop favorably fast enough for them.

The point is that they have this time to see what happens to the price, which is obviously an unknown factor for us as a team as well, since it will largely depend on the investing public perception of Angel Token.

2. Investors want fast and good return on their capital.

Since we are unable to touch the 80% of investor funds that are locked up in the Ethereum smart contract, we are not able to use those funds for trading activities.

We believe that a 150 day total refund period, with 1 period of 80% and 1 of 40% gives both us and investors the right balance of allowing us to prove ourselves as a team and get to know each other, and at the same time allowing us to use investor funds in a reasonably effective way.

If we extended it further than these 150 days we would be locking up investor funds for too long without making good use of them, giving investors less than an optimal return.

Obviously the more funds we raise the more sense the above percentages and time periods make, but even where we are now, at around $500,000 raised we feel pretty good about the upcoming months.

As a very last point and to answer you directly, yes we hope that we will have achieved some good results by the time of the first refund period coming to an end at March 7th, 2018. However, regardless where we are in terms of investments/returns we believe that investors will have a very clear understanding of us as a team and what we are about, and it will be easy for them to decide if they want to stay invested with us or sell on an exchange or request the refund by then.

Thank you for your clear explanations about the project!
Just one more question: even if "refundable altcoin investment" still sounds good, why do you offer the 80% reimbursement and a guaranteed investor protection for such a short (relatively speaking) time?
I mean, do you think 3 months will be enough to show the strenght of your team and to get some good results within such a short period of time?

The Angel Token Social Media Bounty Campaign Has Been Launched!

Please join us and help the Angel Token ICO grow even bigger!

https://bitcointalksearch.org/topic/bountyico-angel-token-ico-up-to-250week-in-btc-2573273

Yep, it sure does!

Welcome to the insiders community!  

Make sure you join us on Slack here: https://angelinvestors.io/slack

I PUT 60 FOR GAS PRICE AND IT WORKED PERFECTLY!  

I INVESTED 2 ETH AND I AM NOW PROUD OWNER OF 13,000 ANGEL TOKENS!! THE TOKENS ARRIVED AUTOMATICALLY IN 2 MINUTES, SO COOL!!  

THIS MEANS THAT I AM NOW ALLOWED INSIDE THE SECRET INVESTORS COMMUNITY RIGHT?

SORRY ABOUT THE ALL CAPS BUT I AM SOOOOOOO EXCITED TO BE PART OF THIS AWESOME ICO!!  

Thank you, great to have you on board!  



Almost for sure the reason your transaction is not going through and you get your ETH returned to you is because you are not using enough Gwei (the gas price). As long as you use enough gas and a high enough gas price all transactions go through fine in the smart contract used for our ICO.

You may have heard of the "Crypto Kittens" game?

If not, here is an article about it: https://www.coindesk.com/loveable-digital-kittens-clogging-ethereums-blockchain/

Basically the crypto kitties have gone viral and caused a huge backlog of transactions on the Ethereum network over the last week or so. Therefore in order to make sure that your transaction goes through and you get your Angel Tokens you need to use a higher Gas Price (Gwei) setting than what is normal.

You can check the website https://ethstats.net/ to see what the current Gas Price is at the moment, but otherwise use something like 50 for Gwei and your transaction should go through just fine.

Here is a picture showing where you change your gas price setting inside https://www.myetherwallet.com/:



Set the Gwei at around 50 as per the picture above and set "Gas" at 450,000 and your transaction will go through fine.

Let us know if you have any other issues after using the above settings.

I want to invest before the next bonus drop, and I have tried several times but my ethereum just keeps coming back into my wallet after an hour or two? 

if i send eth from https://myetherwallet.com/ to your ico address then I should get the angel tokens sent back to me automatically no? Do you know what is going wrong my transaction because I see everyone else happily getting their angel tokens ok!? I am the stupid one who can't figure it out. 

The angel token ico goes from strength to strength! 

Awesome to see such a professional and transparent team. I have been seeing your ads on many of the big sites and I was wondering how you were funding it all without a pre-ico.

It really shows the commitment of the team that you have funded this yourselves so far. For those that don't know it costs at least $200k to launch an ICO so it's not small potatoes. I know that even just the silver listing angel has on https://www.coinschedule.com/ costs around $15k and the gold listing is like $30k!

The marketing investor sounds like the right thing to do at this stage and a good use of some of those marketing tokens. Good to see that he is getting less favorable therms than us regular investors! 

I have invested quite a few eth already but will put in more before this ICO ends!   

One of the basic principles for us on the Angel Token Team, and especially being an anonymous team, is that we want to be as transparent as possible in everything we do.

We would therefore hereby like to make the following official announcement to all existing and potential Angel Token ICO investors.

BACKGROUND

Since there was no pre-ICO or any other similar fundraising activities the Angel Token Team has funded all the costs of this ICO to date ourselves.

The funds we have used to fund this ICO come from profits from previous crypto investment and trading activities that we have benefited from as a team prior to this ICO.

However, we have reached a point where the marketing budget we have made available as a team has nearly been used up.

We are committed to using virtually all Ether raised during the Angel Token ICO to invest in, and assist, undervalued small to medium size cryptocurrencies reach their potential in terms of users, awareness and market capitalization, and thereby increasing the value of the Angel Token portfolio.

However, unless we raise more funds we would have no choice but to reduce our marketing spend during the last and crucial week of the ICO, which is something we obviously want to avoid.

STATEMENT

We have therefore made an agreement with a private investor that falls outside the scope of the normal investment procedure for the Angel Token ICO.

The investor has agreed to contribute $12,000 (twelve thousand USD or the equivalent in another currency), to be used solely for our Angel Token marketing efforts during the last crucial week of the ICO.

The Angel Token Team have decided to accept this $12,000 investment on the following terms:

1. The investor will make the investment available to the Angel Token Team in a way that it can be used immediately to fund marketing expenses.

2. The investor was planning to invest a similar amount in the Angel Token ICO but was waiting towards the end of the ICO to see how many investors would join, before deciding on the total amount to be invested. The investor therefore wants to be compensated with Angel Tokens at a rate that is at least as a favorable as the rate which is currently available to normal ICO investors.

3. The investor has agreed to forsake his right to an 80% refund until March 7th 2018, which all other Angel Token ICO investors benefit from. The investor will have no right to refund of any kind.

4. The Angel Token Team has agreed to compensate the investor with a total of 228,000 Angel Tokens in return for the $12,000 investment.

5. The 228,000 tokens represent the approximate total number of tokens that would be minted at the 393% bonus level, (including the 30% that normally goes to the Angel Foundation - 15% to Marketing, 8% to Founders and 7% for Talent recruitment and incentives). This is the next bonus level to be reached after another 34 Ether has been invested in the Angel Token ICO.

6. The 228,000 will be reserved and paid from the 15% "Marketing Fund" that the Angel Foundation has at its disposal, and which currently holds just over 1.2 million Angel Tokens.

7. The Angel Token Team believes that this distribution of 228,000 Angel Tokens from the 15% marketing fund is a good use of those tokens that will benefit all Angel Token holders and ICO investors, since it will improve our chances of getting further investments into the ICO before it closes on December 19th at 23:59 GMT. It will help ensure that we can maintain a reasonable level of marketing efforts during the coming week.

8. These funds will primarily be used towards re-marketing to those people who have already expressed an interest in the Angel Token ICO, but may not yet have made an investment for one reason or another, (including those investors who have tied to invest but been unable to do so due to the high fees on the Ethereum Network caused mainly by the viral "Crypto Kittens" game), as well as the upcoming social media bounty that Angel Token is about to launch.

WITH 8 DAYS LEFT TO GO THE ANGEL TOKEN ICO HAS RAISED MORE THAN 700 ETHER CURRENTLY WORTH AROUND $360,000.

If you have any questions about this announcement or anything else relating to the Angel Token ICO, please contact us through our Slack channel https://angelinvestors.io/slack or feel free to post questions here, but please note that if you post repetitive comments or questions that have already been answered in this thread they will be deleted.

Sidenote: There has been some pretty harsh posts by some members here lately, and we have decided to delete a few of those posts. We want to keep this thread as informative and useful for potential investors as possible. Even if someone has a critical view of our project let's keep things courteous. If you have a critical question that is also fine, but make sure that your question has not already been answered in this thread or they will get deleted.  


Because the refunds are built into the Ethereum smart contract and fully automatic.

Even if the price of Angel Token would go to zero on the exchange this is has no bearing on our ability to refund investors.

All investor funds are 100% protected inside the Angel Token Central Bank through the Ethereum smart contract, allowing investors full control over 80% of their investment at any time up until March 7th, 2018 and 40% until April 26th 2018.

This a completely different process from the type of buy-backs that you are referring to.

Here is some more information on how the refund process works.


We don't believe that there are any tokens or ICOs that offer what we do.

We offer investors the ability to actively take part in selecting and vetting investments in our Angel Token fund. These are investments in small-cap cryptocurrencies that have great potential but that have for some reason not yet achieved their true market cap and worth.

Our team will work actively with the founders, early miners and other large stakeholders in those coins and offer them the expertise and resources from our team and the Angel Token Foundation, to help them improve and better market their cryptocurrency. In return we will buy a stake in these coins (usually off the exchange market and at a discounted price), which will be added to the Angel Token portfolio.

We think the combination of an active investor community that take part in and vote on the investments we make, as well as regular dividends and the potential for massive returns from the small-cap coins we invest in makes us a very attractive ICO.

When you also take into consideration that we offer investors a protection of their funds, making it IMPOSSIBLE for any ICO investor to lose more than 20% of their Ether investment before March 7th, 2018 we think our ICO is really a "no brainer" for anyone looking for big returns. We offer all the potential upside with very little downside risk.

There are so many tokens of the same kind. What would you say is your business proposition as compared to your competitors?

How will the team ensure that the refunds are immediate and automatic as they say? Because I've seen several projects with a similar concept (buybacks) and it didn't end well as the funds set aside was immediately exhausted when the token value after the ico went down. How will the team ensure this won't happen with the refunds?

That was wise and have shown that you really deserve "legendary" on avatar. There are some weak points in Angels business (bonus system can be among them but personally I still consider it rather good) but not those sharp items which were mentioned. Reading a lot of ICO's whitepapers those day I would mention 2 main categories. First are trading platforms (either new as Daniel's or on the base of Ethereum) and exchanges, also mobile aps and second are about improvement of cryptography (pqc and new protocols) and storage. Nearly zero interesting investment foundations.

You are coming to our ICO thread to spam here about how you think signature campaigns is a bad idea!???

Seriously!!??

As a Legendary member I think you would be well aware by now that Signature campaigns is used by pretty much every single large project on Bitcointalk. If you have a problem with that please bring it up with Theymos instead of coming here to spam our thread.

Yes, we ran a signature campaign but we tried to do it as clean as possible by rewarding those who made quality posts.

The user you have an issue with:

Bitcointalk Username: Crislyn4116
Rank: jr member
Bitcointalk profile URL: https://bitcointalksearch.org/user/crislyn4116-1091518
BTC Address: 3PzSBL9DhzuRSBq5nQVEt1XMjc94aSvVuh

THIS PERSON IS NOT A MEMBER OF OUR SIGNATURE CAMPAIGN AND HAS NOT BEEN FROM DAY ONE. IN FACT, I DON'T EVEN THINK HE/SHE HAS APPLIED TO BE PART OF OUR CAMPAIGN!

You have clearly done very little reasearch on the Angel Token project, (nor on our signature campaign before coming here complaining about it!), and you simply don't understand the benefits of an anonymous team for a project like this.

In regards to us offering what is possibly the most generous "early investor bonus" of any ICO to date this has already been discussed numerous times. Both the positive aspects for those investors who get in early, (the first 20 million tokens or so), and the negative aspects for the later investors. You can start by reading here if you actually care: https://bitcointalksearch.org/topic/m.24801632

I wasn't sure if I was going to delete your comments or not, since you hadn't even bothered to check out that the person you came here to complain about was a part of our campaign, but I will just let your comments stay up now for transparancy.

However, as has been mentioned before we are trying to keep this Announcement thread CLEAN from the same questions being repeated again and again by people who don't even bother to read the thread before posting, so we are now done with the conversation and will delete any more questions that are repeating what has already been clearly explained.

We want it to be a useful resource for those potential investors who have GENUINE questions about the project that we may not have answered already, or answered poorly, not your spammy comments about "why signatures campaigns are bad".[/i]

Edit:
After dm with Llec i decided to adjust this post.

personally I cant invest in anonymous anymore and I'm not a fan of the bonus system used.

GOOD NEWS - WE HAVE PASSED OUR FIRST (SMALL) MILESTONE OF 500 ETHER RAISED!

HELP US SPREAD THE WORD ABOUT ANGEL TOKEN AND MAKE THIS ICO A SMASHING SUCCESS!

I think there is no point in trying to convince you of anything, your mind seems pretty firmly set... 

If you are genuinely interested in this project all of the so called "huge red flags" that you are bringing up have been thoroughly addresses in this thread already, meaning I really should delete your post as per our thread rules, (you have to bring up a genuine point that has not already been answered or addresses in the thread, or otherwise add value to the thread).

However, since you openly criticized our signature campaign and blame us for spamming the forum, I will let your comment stand and answer that.

1. I think you will find few people who care about this forum as much as we do. A couple of us on the Angel Team first learned about Bitcoin and cryptocurrencies here on this very forum back in 2011, and we will be forever grateful for having the opportunities this forum has given us.

2. How many campaign managers do you know that manually check every single post in their campaign? We have had a team of 3 who have been doing exactly that and discounted all bad/spammy/low value posts.

3. We denied more than 50% of all "good" applicants in our signature campaign. I am not talking about those on the SMAS list or a outright spammers, but from those that were left after those basic checks less than 50% were approved to take part in our campaign, because we only wanted the best. We also banned several posters during the campaign who were simply not posting any high quality posts.

4. I agree that it is hard to find genuine quality posts on the forum nowadays which is also why we handed out $200 every week to the top quality posters. How many campaigns have you seen doing that? It is not easy but we have spent around $15,000 on this campaign and we have tried very hard to actively work towards higher quality posts in our campaign.

5. Since you responded to paolo99 who actually was our first week's winner for "best quality posts" I urge you to find some examples of him spamming the forum?

Let's be clear about a couple of things.

- You may not like our project, bonus plan or the fact that we have decided to stay anonymous or semi-anonymous. That's ok!

- This is the first signature campaign we have ever run (and the first ICO for any of us) and we have tried our utmost to run as clean of a campaign as possible. For anyone else to say something different is simply unfair.

- If you read through this thread and the answers from me and Alex, as well as join our Slack community you have every opportunity to understand what we are about and what we are trying to do, as well as get to know us better.