Another question,
Smith and crown website says,
"ย Itโs worth noting that one of the founders is also using ChronoBank to solve a very real problem in his own industryโheโs a guaranteed first customer."
Is it true? And if it is true, then the scenario 2 on your website doesn't make sense.
It is. The scenario 2 was set to remind you that this is the investment in venture project, not guaranteed success. Besides that, the second scenario is highly unlikely to happen.
Good.
Coming onto my next question,
According to Smith and crown,
"Delivering a decentralized labor market platform seems unlikely with this round of funding: both Handy and Upwork needed close to $100 million in funding over several years."
Please comment on this.
I need to clarify that we have two different tasks here:
1) Creating software for decentralised marketplace
2) Making the marketplace a global leader like Upwork.
Task 2 requires up to 20x more funding even if the software in 1 and 2 is absolutely the same.
Check out our development plan, please! There's detailed information about funding and milestones
We can deliver a decentralised labour platform in this round (depends on ICO size)
However, we have plans to attract similar amount of VC money as Upwork did in later rounds to fund platform's growth in the next 3-10 years