Haha, your allocation of proceeds is so unclear and doesn't make sense at all. Please clarify what those allocations are and specify why you need them:
- $2.5 million - discounts for partnering funds
?? - $3.5 million - referral payments ??
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation (seriously?? so much money for marketing? wtf..)
Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?
In other words, it seems like you are wasting $12 million of investor money
First of all, we don't have "investors". When you buy a token you become a tokenholder. Our token allows tokenholders to gain a profit by leasing the tokens to potential clients, which means that tokenholder is granted a monetary gain.
Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens.
These calculations show that with the goal that we have set we will need to spend this amount of funds.
Various companies were involved in these calculations, they prepared documentation that was based on the current economic situations in regions in which we are planning the development.
We thank you for your deep interest in our product and we will be happy to listen if you have any examples of projects with similar scope of goal and financial indicators we will gladly become acquainted with them. We hope that your constructive feedback can benefit kyc.legal!
You don't have investors, but token holders? So people don't invest money? They get tokens for free?
"Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens."
So... why 3 million? Can you show calculations? How much do you need to increase the size of your product? What kind of services do you need?
These calculations show that with the goal that we have set we will need to spend this amount of funds.
What calculations? Share them please.
And, you did not answer why you need so much money for:
- $2.5 million - discounts for partnering funds
- $3.5 million - referral payments
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation
Please answer these in detail.
Token holders buy, hold or sell tokens.
All information about planned costs is displayed in the White Paper. We will provide additional information about costs as the project develops. We have a working product, a strong team and support from partners.
Haha yes, so a token holder that has bought a token has invested money, right? So it's an investor.
All information about planned costs is displayed in the White Paper.
What a joke.
There is no information in the white paper about how you came up with that costs. You don't explain why you need the money and how you calculated the amount.We will provide additional information about costs as the project develops.
Huh? Wtf? How can you now allocate money already if it is not yet clear where you need the money for?
Why don't you tell us exactly what you need the money for and how you calculated it?
Can you nswer my questions, please.
Haha, you have got to be kidding me with saying that someone is not an investor because you have utility tokens.
And why don't you answer my other questions? I will copy them for you to make it a bit easier:
First point:
There is no information in the white paper about how you came up with that costs. You don't explain why you need this amount of money and how you calculated the amount. Please elaborate on these costs:
- $2.5 million - discounts for partnering funds
- $3.5 million - referral payments
- $1 million - team salaries
- $1 million - technology advertising (what the hell is technology advertising???)
- $3 million - marketing efforts and monthly road show participation
Second point:
We will provide additional information about costs as the project develops.
Question:
How can you now allocate money already if it is not yet clear where you need the money for?
Why don't you tell us exactly what you need the money for and how you calculated it?
Third point: So... why 3 million for marketing? Can you show calculations? How much do you need to increase the size of your product? What kind of services do you need?
This information is NOT in your white paper, so don't refer to that document.
