I have few questions on this...
1. Is there any difference whether the coins are purchased in Phase 1 or Phase 2? I mean will the reward be different depending on how much BTC was received in a specific phase? In not, then what is the point in dividing the distribution into two phases? Why not to have just one phase with 100,000 coins distributed to make it simple?
2. What is the minimum you want to raise for these 100,000 coins? What if the minimum will not be met? Will you continue the project, and how? I didn't find any info on this in the crowdfunding agreement...
If there are answers to those questions somewhere in the thread, please just point me to them.. Thanks!
www.MasterTraderCoin.comwww.Twitter.com/MTRDevelopersHello,
Thanks for your questions.
---"Is there any difference whether the coins are purchased in Phase 1 or Phase 2? I mean will the reward be different depending on how much BTC was received in a specific phase?"---Yes, each phase (1 & 2) will reward 50,000 MTR proportionately to the BTC crowd sale within that specific phase. The first phase of the crowd sale was to gauge the level of interest in what MTR administration has to offer. The first phase was also intended to give early investors and supporters potentially, a better price per coin considering we didn't intend to launch a full blown marketing plan until the second phase.
The second phase is geared towards conservative investors. Everyone is different and will make an investment based upon their own level of comfort. MTR administration wanted some time to pass between each crowd-funding phase allowing time for these type of important questions to surface and be answered. MTR is a quality coin and has the support of a quality development team. We have no plans on rushing things simply to make a quick "Buck".
---"What is the minimum you want to raise for these 100,000 coins? What if the minimum will not be met? Will you continue the project, and how?"---MTR administration is currently engineering ToshiDesk, a much needed social trading platform we feel will enhance crypto trading overall. If MTR administration could raise at least 100-150 BTC, we would comfortably be able to complete development of ToshiDesk and market the product effectively. In case the crowd-sale proved to be unsuccessful, our Development team will continue working based on deferred compensation agreements. We have put a lot of our own funding into this project and my team has been working on this concept for months.
These talks have been had many times and I feel I have a great plan B, C in the event the minimum would not be raised. Development would never cease here at MasterTrader HQ, as I have developers that believe not only in the project, but believe in me and have already invested personally into achieving our goal. The developers are not just some hired freelancer help I found on Odesk, these are my personal friends dating back to high school days and others that I have met over the many years being involved in Crypto.
We have all been silent about my project for many months, and if you think money is going to stop me from making my dream come true, then you're mistaken. It's a question...and I respect you asking it, but I'm giving you some true words from the heart as the answer. I have a lot of passion and determination when it comes to achieving my personal goals, and I will do my best to show the whole community this over the coming weeks. I just need a little support from the community to speed up the project and bring it to the light.
I have launched this thread without clicking the option to allow me to delete comments or concerns, trying to be 100% transparent. This is what crypto needs in my opinion. CoinSource live trust rating meeting is tomorrow at 12PST, and you will be updated with that info as soon as it becomes available and posted on the official CoinSource ratings page.
I'm grateful to have people like you coming here checking it out and answering these questions. They are all very legitimate questions and I hope my response has settled your concerns.
Invest Wisely,
MasterTrader777
www.MasterTraderCoin.comtwitter.com/MTRDevelopers