Is ICO time only 60 days?
Is not that a short time?
Why are you so sure of that short time?
Yes, the ICO will last 60 hours.
Is this an intention to fuel FOMO sentiment?
560,000,000 tokens available to the public, each cost $0.10 totaling $56 mil.
Do you really need that much money to build something that is not brick and mortar?
If I participate in your project, from where will I see the cash flow coming in (excluding token price appreciation listed in an exchange)?
I asked for the official word on this matter from the dev team.
"How will the profit sharing work?
This token, like almost every other blockchain-based token, has no profit sharing mechanism. It does not represent ownership or equity in the project, and the token is not a security. As with almost all other “Initial Coin Offering” tokens, there is inherent value in the tokens - they will be the unit of payment in the Pillar system. In many other cases, the value of the token has gone up in the months after the token sale. However, the token will be priced by the market, and it’s worth being aware that other tokens have not increased much in value and several have gone down. We have a long-term view. We believe our tokens will become valuable as our system becomes more real and gets traction with customers. As an open-source project, we believe people should have their own personal operating system, without any company owning it. If we work hard and get traction with users and OEM customers, we are sure the value of our token will rise.
We discourage investors who plan to sell for a quick profit. We are aiming to change the world. We are looking for supporters who believe in our vision."
Thank you for your reply.
Your answer sounds like the main profit potential will be based on price appreciation of the token alone, but where exactly is the source of economic income? How will Pillar make money out of this? In other words, why would I want to buy the token other than for trading profits? Obviously your wallet isn't some manufacturing business that requires tens of millions of capital to buy heavy machineries, so why the need for so many millions? Many other companies do not need similar ICO and yet they have pretty good and free wallets. If Pillar does not have a compelling case of economic prosperity that's different from the competition as a result of your project, then I am afraid if I participate in your ICO, the profit potential of it may not be sustainable. I am very sure I can make lots of money from your ICO but at the same time I know my trading sucks, so I am reluctant to take the risk unless there is some sign of sustainability in which I can hold for medium to long term while seeing the token price appreciating not because people are buying into it (pumping, before dumping) but because there is some economic use for the token.
