IMO, i think they will sold out all of tokens before their ICO ended. Actually i don't know why our investors can buy so much tokens like that? what is the main reason?
ulike other projects, they have market-ready product for business customers and not product that will develop in future, also they already made another project called pay.cards, So lots of things that make investors confidence in their project.
That’s great to know. Since the team already has one project, it won’t be much hard for them to sustain. Also they can get supporters from both platforms. As far as the product goes, yeah, it is a market-ready product, but I don’t think that they’ll hit the sweet spot on their first attempt. They’ll have to keep upadated the software.
of course, they will keep improving their product and fix problems and do lots of work before reaching large customer, I think the bad thing for investor is that faceter accept fiat which may not helps the price of token to go up.
And here you are wrong.
Accepting fiat is one of the best things that Faceter could think of.
Thanks to this, people who are not related to crypto, who do not have BTC or ETH or have an account on the exchange will be able to buy licenses in an easy way.
In order for the license to be issued, Faceter will replace Fiat money on Face tokens so that a smart contract can use some of these tokens to create the hash that will run the licenses.
These tokens, that is around 20%, will be burned.
Please look at the video where it is explained:
https://www.youtube.com/watch?v=VrxnxBZzuikWe are taking about two sides, when you said is good , is good for faceter as company and its customers who are interested in using their service !
As investor who buy their token to sell it when price go up, is bad for you, because customers that want to use their service have option to pay with fiat without buying tokens from exchange!
Well, you still do not understand.
Faceter is forced to buy back his own tokens from the market for those people who will buy with fiat.
Because even if they sells licenses for Fiat, they must have enough tokens to exchange for licenses, pay for miners and burn for hash to run the license.
Every quarter, they will allocate 20% of revenues to buy tokens from the market at market price.
This should counteract inflation and raise the price of Tokens.
So this system is good for the investor and the price of tokens for the future.
Everything is described in the whitepaper.
I got your idea from first read ! and you still think I don't understand your point, your alternative solution to the fact that you accept fiat it will not work perfectly for investors (in token) like all projects that offer service with other mode payment.
Only 40% offer to sale, and you still have around 60% of tokens ( Team + Advisers + reserve pool ), plus you not going to buy at high price and even not from exchange, plus you got token from people that pay with token.
You think that will work perfect, it's ok since it's your opinion and you do what good for your business, but I have different opinion.
Sorry. I do not understand what you wrote: "plus you not going to buy at high price and even not from exchange, plus you got token from people that pay with token."
Can You describe it more accurately because I would like to refer to it.
You said that you will buyback your token at market price, but what I know, companies don't act like individuals, so they always manipulate the price and buy when the price goes down a lot, they also don't prefer to buy directly from exchanges.
So even if you are going to buyback in some point, you have the power to do it in a way that works for you and not for investors, therefore your alternative solution is not going to work perfectly for investors in the way I see it.
I told You that the Faceter will buyback the Face tokens at the market price.
It is supposed to be every quarter at the current market price, all recorded in a smart contract, omitting exchange.
The rule is to be simple, you send tokens to the address given by Faceter, they are converted into ETH at the price of Coinmarketcap from a given hour.
I am happy with the possibility of fiat payments because I work on a daily basis in the security industry and have often installed surveillance software in various companies.
I do not know any company or person who would like to buy tokens to pay for the service every month.
They just want to make a quick money transfer and get an invoice and deduct it from the tax.
That is why this possibility of payment is necessary and I believe that without this business would have no future.
