Hello Peter,
I've already invested to your platform and have a strong idea to invest some more as it seems to be very useful project. I myself fond of reading and having one space for all the worldwide events in book industry is really awesome)
If you wouldn't mind I have some questions to be solid clear with. Well some points may already been asked here so I apologize if it was so.
I talked to Dave recently and he said that it's everything settled with the bittrex exchange and token trading launch would be in no time there. And what about Poloniex? Do you plan to start on both platforms at one time?
Have one confusing contradiction. Well, as an investor, I want to be clear with ATS tokens primal trading price. On your website I found this statement: "...1 ATS will have a recommended starting trading price, through exchanges of $0.15 (15 cents), no matter what amount we raise..." But while reading Terms and Conditions of your ICO I noted absolutely different statement to one I mentioned above: "...ATS Price
1 ETH will purchase a minimum of 2000 ATS. The exact price will be determined when the sale ends using the formula:
1 ATS = Total Amount Raised / 100.000.000 tokens..." I wonder what is true and which investor can take as a reference?
Q about the roadmap. I wanted to see it on the website, but it seems to be down now. Just want to know When Exactly The Athorship Platform Starts To Work as a ... just like retail version?
Last one - you said that upon the end of ICO campaign 100 mln ATS tokens would be divided to the whole contributed sum in eth equivalent. But on the website it is stated that 80% of the 100 mln ATS would be delivered to investors. So, according to this I understand that not 100 mln must be divided but 80 mln? Or am I wrong? And how fiat funds would be converted to eth and at what rate?
Thank you for your time and for making all these clear for me.
I wish your platform stable growth in the future.
Hi and thank you for your message.
On our T&C that refers to the price you are paying for 1 ATS, not the value of 1 ATS. This is why it's saying that the minimum number of ATS you can receive for 1 ETH is 2000. Tho that should have been updated to ~4500 as we changed the maximum amount we would raise to $7M, so the minimum amount increased as well.
How many ATS you receive when the ICO is over can be calculated by dividing the 100M tokens to the amount we raise.
If we raise $7M (~21,000 ETH) , for 1 ETH invested you will receive 5,000 ATS (100M / 21000 =~5000 ATS)
If we raise $5M (~15,000 ETH) , for 1 ETH invested you will receive 6,600 ATS (100M / 15000 = 6600 ATS)
If we raise $3M (~9,000 ETH) , for 1 ETH invested you will receive 11,000 ATS
If we raise $2M (~6,000 ETH) , for 1 ETH invested you will receive 16,600 ATS
Regarding the project roadmap, it is expected to be officially launched on June 1st 2018.
Regards,
Peter