[ANN][ICO] Natmin Pure Escrow - Escrow Services powered by Blockchain Technology - page 35.

natmin

copper member

Activity: 96

Merit: 0

Quote from: nxnqauff on September 28, 2018, 05:43:15 AM

Do we already know how much of investments have been raised till now? Any private investors on-board already? Where there is no ICO progress bar in the website which gives better feeling to the investors about the transparency of the project and its team.

We have recently added two advisors that specialize in fundraising. We are also in negotiations with some private investors and our progress bar will be added in the next few days.

nxnqauff

member

Activity: 840

Merit: 17

PG-PAY Gold Backed Token

Do we already know how much of investments have been raised till now? Any private investors on-board already? Where there is no ICO progress bar in the website which gives better feeling to the investors about the transparency of the project and its team.

ganeshramk

full member

Activity: 868

Merit: 104

Quote from: cryptossi on September 28, 2018, 03:51:31 AM

Quote from: natmin on September 27, 2018, 06:33:14 PM

Quote from: cryptossi on September 27, 2018, 02:13:03 PM

I do not think I’ve seen a project with no softcap before, this is encouraging for investors, but it does beg the question where will the funds come from if they raise a small amount? What’s the point in doing an ICO if you do not have a minimum?

The reason for no softcap is simple; we believe in the project and know it will work. If we don't raise enough money for team expansion after the ICO, the project will end up being self-funded by the CEO. The problem with that is the timelines for product delivery will then, unfortunately, increase significantly.

I love the belief from the CEO and the team. I’ve been talking to a couple of the team members on the telegram group and it is refreshing to speak with an admin that actually knows what they are talking about. I got instant answers and it seems like everyone in the team wants to succeed.

Obviously very understandable if time frames and turn around times are extended if the token sale isn’t successful, but I have a strong feeling Natmin will do well and I’m extremely excited to see how the team will progress.

First, it clearly shows how much the team is believing in their own concept. If they don't believe it, who will then. Salute to the decision of the CEO. Its just a nice opportunity to grab such a nice token to be part of our portfolio.

Ace44

member

Activity: 672

Merit: 11

Quote from: natmin on September 27, 2018, 06:26:09 PM

Quote from: TimeTeller on September 27, 2018, 06:08:26 PM

If you are offering escrow services, where can we see all your works that can prove that you can be trusted and can deliver such objectives?
Do you have this company legally registered? And where?
Online fraud is very rampant in crypto world, by any chance do you have members here in bitcointalk who are already trusted by the community?

Hey there,
You can follow us on Github to see our progress on development. We are in the process to convert our demo platform to the Ropsten test network, so all transactions can be confirmed on the blockchain.
We are legally registered in Australia and fall under the jurisdiction of ASIC (Australian Securities and Investments Commission). The registration information can be obtained in our whitepaper. Please see it here https://www.natmin.io/docs/whitepaper.pdf.
We are working hard to get our demo platform ready to be converted to an MVP. That way we can prove what we have developed so far is working and prove to the community we are here to stay and not just another failing ICO.

A nice way of buttressing your authenticity and yes, that's what the community should seek before investing into any business, i remember asking such on their telegram group and they gave an affirmation of such and they also said something about having a physical office if i'm not mistaken, i don't think it will be wise for any investor to just zoom in and invest without following due protocols

cryptossi

full member

Activity: 504

Merit: 106

★Bitvest.io★ Play Plinko or Invest!

Quote from: natmin on September 27, 2018, 06:33:14 PM

Quote from: cryptossi on September 27, 2018, 02:13:03 PM

I do not think I’ve seen a project with no softcap before, this is encouraging for investors, but it does beg the question where will the funds come from if they raise a small amount? What’s the point in doing an ICO if you do not have a minimum?

The reason for no softcap is simple; we believe in the project and know it will work. If we don't raise enough money for team expansion after the ICO, the project will end up being self-funded by the CEO. The problem with that is the timelines for product delivery will then, unfortunately, increase significantly.

I love the belief from the CEO and the team. I’ve been talking to a couple of the team members on the telegram group and it is refreshing to speak with an admin that actually knows what they are talking about. I got instant answers and it seems like everyone in the team wants to succeed.

Obviously very understandable if time frames and turn around times are extended if the token sale isn’t successful, but I have a strong feeling Natmin will do well and I’m extremely excited to see how the team will progress.

Cnote112

copper member

Activity: 224

Merit: 1

I was about to start reading your whitepaper, I noticed it's already translated into about 13 languages, Italian, German, Arabic and French all inclusive, I was impressed for real.

nesh1

full member

Activity: 448

Merit: 110

Check out their amazing introduction video about the project here: https://www.youtube.com/watch?v=F4MQvqW4IqY, They got a lot of likes and views.

gee777

member

Activity: 728

Merit: 10

Quote from: natmin on September 27, 2018, 06:02:09 PM

We would like to give Miikka Saloseutu a hearty welcome to our team.

Miikka in an ICO Strategic Marketing Advisor and an ICO Bench ranked advisor.
We look forward to working with Miikka.

https://www.linkedin.com/in/miikka-saloseutu-72141a131/

Wow. He will surely make you guys improve on a lot of aspect during your ico planning. Seeing that he is ranked by ico bench themselves.

natmin

copper member

Activity: 96

Merit: 0

Quote from: ibininja on September 27, 2018, 09:51:07 PM

Quote from: natmin on September 27, 2018, 09:17:13 PM

Quote from: Getadaaa on September 27, 2018, 08:40:16 PM

Finally, an Escrow Services secures by smart contract is made available. Good luck to team on Public sales. Went through whitepaper; https://www.natmin.io/docs/whitepaper.pdf , found out about the token burn of 15%. How would be other 15% be made available on the Natmin platform for purchase? Would there be an a NAT/Fiat Exchange on platform?

Yes, that is correct. 15% of the unsold tokens will instantly be burned. 15% will be made available to be purchased on the platform itself and that 15% will then be burned at a rate of 1% per month or until the available amount reaches 0, whichever comes first. The rest of the 70% unsold tokens will be distributed to the investors according to their contribution.

The 15% sold on the platform is for the creation of transaction right? I mean do transaction creators need to buy from that pool or they have the option to either buy from those or an exchange?

Transaction creators do not have to buy from that pool. It will be easier and quicker to buy from the platform directly, but the price might be marginally more expensive. This is to encourage platform users to buy directly from exchanges and in turn provide more liquidity for investors.

ibininja

member

Activity: 490

Merit: 10

Quote from: natmin on September 27, 2018, 09:17:13 PM

Quote from: Getadaaa on September 27, 2018, 08:40:16 PM

Finally, an Escrow Services secures by smart contract is made available. Good luck to team on Public sales. Went through whitepaper; https://www.natmin.io/docs/whitepaper.pdf , found out about the token burn of 15%. How would be other 15% be made available on the Natmin platform for purchase? Would there be an a NAT/Fiat Exchange on platform?

Yes, that is correct. 15% of the unsold tokens will instantly be burned. 15% will be made available to be purchased on the platform itself and that 15% will then be burned at a rate of 1% per month or until the available amount reaches 0, whichever comes first. The rest of the 70% unsold tokens will be distributed to the investors according to their contribution.

The 15% sold on the platform is for the creation of transaction right? I mean do transaction creators need to buy from that pool or they have the option to either buy from those or an exchange?

natmin

copper member

Activity: 96

Merit: 0

Quote from: Getadaaa on September 27, 2018, 08:40:16 PM

Finally, an Escrow Services secures by smart contract is made available. Good luck to team on Public sales. Went through whitepaper; https://www.natmin.io/docs/whitepaper.pdf , found out about the token burn of 15%. How would be other 15% be made available on the Natmin platform for purchase? Would there be an a NAT/Fiat Exchange on platform?

Yes, that is correct. 15% of the unsold tokens will instantly be burned. 15% will be made available to be purchased on the platform itself and that 15% will then be burned at a rate of 1% per month or until the available amount reaches 0, whichever comes first. The rest of the 70% unsold tokens will be distributed to the investors according to their contribution.

Getadaaa

jr. member

Activity: 448

Merit: 3

Finally, an Escrow Services secures by smart contract is made available. Good luck to team on Public sales. Went through whitepaper; https://www.natmin.io/docs/whitepaper.pdf , found out about the token burn of 15%. How would be other 15% be made available on the Natmin platform for purchase? Would there be an a NAT/Fiat Exchange on platform?

AngelJoshua

member

Activity: 630

Merit: 10

Quote from: natmin on September 27, 2018, 06:44:43 PM

Quote from: ganeshramk on September 27, 2018, 01:03:56 PM

You have mentioned 35% of the investments raised will be spent on the Research and Development. What exactly does that mean? If it is including product development, then this budget is too less. I am looking for the clarification on that part for my better understanding.

Yes, product development is only 35% of the funds raised. We have a team of brilliant developers, which is overseen by the CEO himself. Realistic product development for our project does not need more than 35%. We have also allotted a token amount of 5% for the development of the platform.

I see, If that's the case then there's no need to worry if you only put 35% for the product developments. By the way, Thank you for clarifying this for us.

natmin

copper member

Activity: 96

Merit: 0

Quote from: ganeshramk on September 27, 2018, 01:03:56 PM

You have mentioned 35% of the investments raised will be spent on the Research and Development. What exactly does that mean? If it is including product development, then this budget is too less. I am looking for the clarification on that part for my better understanding.

Yes, product development is only 35% of the funds raised. We have a team of brilliant developers, which is overseen by the CEO himself. Realistic product development for our project does not need more than 35%. We have also allotted a token amount of 5% for the development of the platform.

natmin

copper member

Activity: 96

Merit: 0

Quote from: cryptossi on September 27, 2018, 02:13:03 PM

I do not think I’ve seen a project with no softcap before, this is encouraging for investors, but it does beg the question where will the funds come from if they raise a small amount? What’s the point in doing an ICO if you do not have a minimum?

The reason for no softcap is simple; we believe in the project and know it will work. If we don't raise enough money for team expansion after the ICO, the project will end up being self-funded by the CEO. The problem with that is the timelines for product delivery will then, unfortunately, increase significantly.

cryptossi

full member

Activity: 504

Merit: 106

★Bitvest.io★ Play Plinko or Invest!

Quote from: Ace44 on September 27, 2018, 03:26:34 PM

Quote from: ibininja on September 27, 2018, 02:36:54 PM

Quote from: cryptossi on September 27, 2018, 02:13:03 PM

I do not think I’ve seen a project with no softcap before, this is encouraging for investors, but it does beg the question where will the funds come from if they raise a small amount? What’s the point in doing an ICO if you do not have a minimum?

I am wondering the same. I don't think there was another ICO with the same approach; well at least to the extent of my knowledge. For the softcap is usually the min needed to kickstart the project and start making money.

Its nice to see them taking another kind of approach, personally i never liked the softcap and hardcap thing, brands should just state what they need, go for it and stop bickering about soft and hardcaps, their concept is pretty sleek, the virtual world is not safe and with this brand coming into play, we may get to see a boost in transactions, with relief from both parties involved

Yeah, I feel like the softcap and hardcap goals can be a bit misleading and sometimes projects set ridiculous targets that they will not achieve. This is why I like the idea of no softcap because if people really like the project they do not need to worry about the team reaching their softcap which also adds a lot of pressure to both parties.

natmin

copper member

Activity: 96

Merit: 0

Quote from: TimeTeller on September 27, 2018, 06:08:26 PM

If you are offering escrow services, where can we see all your works that can prove that you can be trusted and can deliver such objectives?
Do you have this company legally registered? And where?
Online fraud is very rampant in crypto world, by any chance do you have members here in bitcointalk who are already trusted by the community?

Hey there,
You can follow us on Github to see our progress on development. We are in the process to convert our demo platform to the Ropsten test network, so all transactions can be confirmed on the blockchain.
We are legally registered in Australia and fall under the jurisdiction of ASIC (Australian Securities and Investments Commission). The registration information can be obtained in our whitepaper. Please see it here https://www.natmin.io/docs/whitepaper.pdf.
We are working hard to get our demo platform ready to be converted to an MVP. That way we can prove what we have developed so far is working and prove to the community we are here to stay and not just another failing ICO.

101nowby

copper member

Activity: 434

Merit: 19

BTC

You fellows who made this version. With the possibility of testing the operation of the circuit itself.

I, like all other users, want to know about real members of the crypto community. Tell us about them

TimeTeller

hero member

Activity: 2744

Merit: 588

If you are offering escrow services, where can we see all your works that can prove that you can be trusted and can deliver such objectives?
Do you have this company legally registered? And where?
Online fraud is very rampant in crypto world, by any chance do you have members here in bitcointalk who are already trusted by the community?

em777

jr. member

Activity: 574

Merit: 1

when you are fed up transfer your crypto to me

Quote from: natmin on September 27, 2018, 06:02:09 PM

We would like to give Miikka Saloseutu a hearty welcome to our team.

Miikka in an ICO Strategic Marketing Advisor and an ICO Bench ranked advisor.
We look forward to working with Miikka.

https://www.linkedin.com/in/miikka-saloseutu-72141a131/

congratulations to him as well as to you guys i hope this wonderful development bears fruit for all the parties involve and also knowing the concept behind Natmin i believe a lot would soon start to happen

Topic: [ANN][ICO] Natmin Pure Escrow - Escrow Services powered by Blockchain Technology - page 35. (Read 24762 times)