The $25-amount for OpenPoll is the registration fee to use your platform?
But nowadays, there are bunch of online survey sites that you can register for free and at the same time earning also.
But you have additional feature here, which is mining.
Also, 35% allotment for the team - development, marketing and others is a big percentage.
Aside from the fact that you are planning to sell 50% of your tokens.
That's too much already I can say. Roughly, 70-85% will go to the team.
Please I need a valid and substantial explanation on this.
There is absolutely
no registration fee for respondents, the cost given in that image is the sample cost of creating a poll on the network. When a poll is conducted, respondents are paid in POL tokens. In a small 100 person sample, it would cost roughly $25 total (which includes paying each respondent in tokens). If you have your own respondents, you can use the platform for free, but they will not be paid. As for the token distribution, we will
not give 70-80% of tokens reserved to the team. Future development is a huge, unavoidable cost; we cannot rely on open source contributions early on. We are only selling $8.5MM worth of tokens during our ICO, which is sufficient to develop an initial release as well as gain traction, but not for a full fledged national marketing campaign and development of enhanced features. If you would like additional information, our team is happy to answer.
Thanks for the prompt response.
But from your wp, you stated that the 50% of the tokens is allotted for token sale (in which, obviously it will go to the team).
And 15% for these politicians, etc.
Aside from the 35%-allotment for the team - to wherever you will use it.
So basically, 85% will go to you. And deduct small percentage for marketing - bounties, etc.
That's why I came up with the rough estimate of 70-85%.
Please don't get me wrong. But I'm just getting the figures from your wp.
Also, I'm not against on your project.
As I'm also registered to couple of survey sites that from time to time I visit and answer in my free time.
You can get few bucks just by answering simple surveys and load up your Paypal account.
And by the way, your wp is well-written.
Thank you for the question, we appreciate when people perform due diligence as it helps better the community as a whole. 50% of tokens are being sold initially during the ICO- these funds are used to build the initial platform and do
not go to our team members directly, but in the form of reasonable compensation (i.e. no one is being paid over $100k USD, regardless of how much we sell). The $8.5MM sold in our ICO is used to pay for initial platform development, early stage marketing, legal affairs, political outreach, and other large costs associated with getting the platform deployed to lay individuals. Obviously, $8.5MM is not sufficient to market internationally or scale the platform and perform continuous platform updates. The 35% of tokens being retained will be used primarily to perform long-term ongoing operations, compensate advisors, etc. The 50% being sold for $8.5MM will not be used to compensate advisors, rather 'get the platform up and going, fully developed, tested, and marketed.' Additionally, core team members will receive a small percentage of the 35% kept (we estimate all together, all founders, team members, and advisors will receive roughly 8% and the remaining 27% will be used for ongoing operations, the bounty program, etc). Please remember that of the 50% we will have no tokens as we are exchanging POL for ETH/BTC to pay for direct costs associated with launching the platform. I hope this helps to clarify, we are free to provide more information if you would like.
On a side note, as you are registered on a few survey sites you may understand how it is appealing to people to perform polls / surveys for money. By adding a mobile app, and doing it anonymously and decentralized over blockchain technology, we provide a unique value proposition that we can use to target all individuals without them requiring any technical knowledge.
Thank you for the comment on our white paper, we built it 100% ourselves and spent lots of time thoroughly vetting the project and explaining in detail. We did not add any 'fluff' or things we could not deliver on.
