I have couple of question related to this coin and the reason why this coin came up?
Everybody knows that out of 1000's altcoin which come in the market only a few handful can survive after a year. So how different you think this coin is and its elasticity to survive even 6 months in the market with having a good user base with value in terms of price?
For me, The idea is good in theory but in practice and the level of funding received it will be tough to make this work.
I agree, however we are planning accordingly. For one as the minimum treashold wasn't reached and some will ask for refund, there will be ARK left over that can be used to obtain additional funding at a later date. We also have some other ideas, that we are yet to discuss in public. For example we specifically created the TEC backend so it can be easily lendable to other projects who need backend for fundraising. We will also be available for escrow for these projects if they request it. There already had been some inquiry on this front.
So, while it's very important to have a good foundation and we obtain as much funding from TEC as possible, we try our best so the project doesn't solely depend on it. As cannabanana said we are a large team of experienced crpyto enthusiasts, we know what to look for, and it also allows us to do this while not effecting development speed and direction negatively, as we have separate people for development, fundrasing efforts, public relations, investor group contacts, etc.
We know it will be an ongoing effort not only to develop but to fund that development, and we are getting ready for the challenge.