4. What is the hard cap and the amount they are trying to raise? 5. What are they going to do with the ICO funds?
Thank you for asking questions and sorry for late reply.
1. What problems does the business aim to solve?
We will solve fraud and decrease in project motivation – the problems raised by ICOs – through the decentralized approach of DAICO. (The concept of DAICO, which was advocated by Ethereum co-founder Vitalik Buterin in January 2018.)
With the mission of having all ICOs use DAICO, we will develop and open source DAICOVO, which is aligned with the thinking behind DAICO.
In addition, we will issue OVO tokens, which will be specialized as a currency for procuring ICO investments.
2. Who is in the team? Are they identifiable? Is it a real person?
Please check it at our official website. There is the Linkdin link of our team.
3. Who is spearheading the development?
Nishimura, he is CTO.
his interview movie is here.
4. What is the hard cap and the amount they are trying to raise?
Hard Cap: 60,360 ETH
Target: 33,533 ETH
5. What are they going to do with the ICO funds?
The working capital needed to become profitable is 0.5 million USD, funds needed for development are 1 million USD, funds for advertising and publicizing are 2 million USD, and funds to be distributed to team members and contributors are 2 million USD. The remaining funds are planned to be used for marketing in order to increase the speed of scaling. The funds distributed to team members and contributors will be less than 10% of the total funds procured.
If we are able to procure funds exceeding the soft cap, growth of our service can be expected to be steady.
If we reach our goal of 20 million USD, capital for marketing will be abundant and exponential growth can be expected. At the crux of our marketing strategy lies incubation of innovative blockchain-related startups and acquisition of high quality ICO projects.