Topic: Cajutel ICO Schedule: 18 Aug to 18 Nov 2017 - page 31. (Read 81045 times)

Question: What is the relation between the token and a share?

Answer: They are the same. 100% of the shareholders have decided that shares are issued in an electronic form of a token. This means your token is your electronic share certificate. The smart contract makes sure that when we pay dividend, all owners of a token get paid per share their part.

Question: How is this in light of the recent SEC rulings about ICOs?

Answer: The security and exchanges commission (SEC) opinion is not binding for us as we are not a US company. However their statements basically said that if you are selling tokens which are somewhat directly or indirectly tied to the companies profit, you are selling some kind of share of your company and thus they will look at you as having sold shares and the corresponding rules would apply. If you are US-Citizens, you might have to declare your shareholding in Cajutel in some way in your tax report and if you sell tokens and make a profit you probably have to pay capital gain taxes. In our case we explicitly declare that the cajutel tokes are in fact shares and we follow the rules about shareholders in our company. So for important decisions, the shareholders will be asked to vote upon etc. All existing shares (which never existed in any physical form) have been issued as tokens as well during the instantiation of the  smart contract.

can you explain the details information?? explain about what the platform of this project?? who are the developer team?? and how the distribution from total tokens??

Question:  why are the tokens so expensive? Most others start way below 1$ in value

Answer: the price has always be compared to the value you get. You can not compare the price of a sixpack of Pepsi with the price of a single bottle of Coke. In our case, we only have a limited supply of shares (1'780'000). If we would have 1'780'000'000 shares instead, the price would be 1000 times smaller. We decided to put the number of shares in a easy handable size. As the ICO is a increase of shares of the company, we didn't wanted to increase twice to get to ridiculously high numbers. And if the price per share becomes too high, you can simply buy & sell fractions of shares (which is impossible with paper based shares)

So when you buy a token, you own a piece of the company who now has your money and will use your money to buy assets which then belong to the company (which you partially own through holding the token which is your share). So your investment has not vanished yet. more than 2/3 of the investment goes straight into building up infrastructure and represent assets in the book of the company. So your token investment value is preserved to some extent and coverted to asset and futur revenues of which you also have a part through the dividende.

Question: What will the token (alias share) be worth in a couple of years?

Answer:  Of course this is a lot of guesswork. But in comparison to lots of ICO companies who have a totally new idea and hope to become the next Google or Facebook, things in our area are a bit more realistically predictable because we have a prooven business case. There are many telcos out there today who serve customers with Internet. All over the world. So we can check out how they are valuated today on the stockmarket.

For telecom companies, the EBITA value is the key value to look at. (see also http://www.investopedia.com/articles/fundamental-analysis/09/analyzing-telecom-stocks.asp)

For example I take AT&T USA.  AT&T trades at 37.37$ per share currently and has 6.140 billion shares . So the stockmarket basically says AT&T's value is roughtly 229 Billion dollars. Their EBITA figure on the last annual report is 28.9B$. This means AT&T is valued at a factor of roughly 8x EBITA. Other telecom companies have similar values up to 20x EBITA. EBITA is a good figure to compare companies in a well established market.

There is however more than just the EBITA. Key other factors are:

• Can the company grow or has it reached a saturatio point?
   In a market where everybody has a computer and a fiber to the home, its much much
   harder to connect new customers as it basically means taking a customer away from
   a competitor. Its a hell of a lot easier to get a new customer who never had internet
   ever before and unless you screw up, he will be resistant to go to your competitor
   unless he has very good arguments. Saving 10% wont do the hassle of changing ISP.

• Can the company make revenue from these customers?
   If you provide everything for free, this is a good question. If you look at totally
   overvaluated companies such as Facebook, you can ask yourself that question. having
   a lot of customers is nice but unless you can turn this into real money, its just a
   burden.
   
In the case of AT&T and other telcos in the US, its obvious that they are simply competing against each other. Everybody in the country more or less has access to the internet. So in total you can not sell more internet subscriptions than the population of the country. This means if ISP A gains a customer, ISP B looses one. And to not have this happening, ISP B will do whatever he can to keep the customer. This means lowering the price, give other insentives to stay, offer more services. These are advertizement costs in some sense and are a high expense.

If you now go to the market where we are operating in, we pick up brand new customers. Customers who have never seen the internet ever before. You don't have to convince them that your offer is better than the competitors offer. You have to convince them that the internet is something useful. And this is much much easier because their friend who
discover the internet will be excited and do the advertizement for you.

Now coming back full circle to what is the value of a Cajutel token/share in 5 years, we all can only guess. It depends on the buyer who at the end buys your share on how he values the company. If we tak the conservative 8x EBITA figure from AT&T, we end up with 550M$ or 309$ per share. The businessplan presumes we have a 10% market share by then which is quite a pessimistic estimate due to the fact that it took GSM to go from 0%(2003) to 100%(2013) of market about 10 years. What happens if we reach 20% of market share?, the value of the company would more or less be double. Now the additional points in the valuation both play in our favour. The company is not in a saturated market which means its much easier to gro and we make direct revenues from customers on day one and have the potential to sell other services lateron to the same customers as well (IPTV for example). This could mean that investors could work with a 15x-20x EBITA figure evaluationg Cajutel which doul mean the company could climb to 2.7 billion or 1'500$ per share. Compared to the initial investment this is a factor of 100x!

The other side of the coin. What if things go wrong? Lets assume we build this stuff and fail to get customers. Well the company still owns a lot of equipment. Towwers, fibers etc. This is value which is not destroyed when the company would close. It would be assets
sold to the next buyer. This is a 151M$ in the books in year 5. So even if it sells for 60% of its book value, there's still 100M$ to share amongst the shareholders. Thats 56$ per share.

So one could say a 15$ investment of today could end up in a value of around 56$ to 1500$ within 5 years. Only time will tell. And of course while you are holding the token you get dividend. Year after year after year.

Andreas Fink
CEO & Founder
Cajutel

*IMPORTANT CHANGE*


Dear all,
Our smartcontract developers have called us and informed us on a security issue they have detected while refactoring our contract.
We thus had to update it and redeploy it. The new contract address is 0x2F50AB197F950e0c2184CF5d804f4141502Cd987
The old contract has been locked so you cant send ethers to it anymore. I'm really sorry about this last minute change but we want to make sure your investment is secure.

The git repo shows the new code now and the new contract is now deployed:
 https://etherscan.io/token/0x2F50AB197F950e0c2184CF5d804f4141502Cd987

Andreas Fink
Founder & CEO
Cajutel

It seems that sold word creating confusion.
Thanks for pointing it out.

Yes, we had very little time before the final announcement.
But the ICO time is sufficient for us, we are looking for small investment for an infra project in Western Africa.

The company is Pre-established and running successfully, this ICO is for building infrastructure to serve the masses in west Africa with high-speed internet at affordable prices.For more detail on this project visit us:http://www.cajutel.gw/

Our ICO website:https://cajutel.io/

White paper with complete project cost breakup:http://cajutel.gw/whitepaper.pdf

Why so few interested people in this project?

You have written in front of each phase sold at this rate and that rate. Do you mean all the tokens have been sold out ? If not then too this is very short time of notice when ICO is getting started tomorrow. Lack or marketing and promotion will be seen once it is live in coming hours. I am watching the development of ICO how is moves ahead.

2017-08-18  08:30 is in a couple of hours...

Get ready for your early access tokens: The early bird catches the worm...

 www.cajutel.io   has details of the ICO
 www.cajutel.gw has details on the project

and the Whitepaper is here http://www.cajutel.gw/whitepaper.pdf

The smart contract address is here:  0x96d0b9AA47356Dc088B50D4e4ce72af31C8ae9B5
The source is also here https://github.com/andreasfink/cajutel-smartcontract/blob/master/contract.sol
And it can be verified here: https://etherscan.io/token/0x96d0b9AA47356Dc088B50D4e4ce72af31C8ae9B5

Andreas Fink
CEO & Founder
Cajutel

ICO Structure

The rules (governed by the smart contract) are:
ICO starts on August 18, 2017 @08.30:00.
CAJ is governed by the ERC20-compatible smart contract on Ethereum blockchain, we will publish the link for direct acquisition soon;
CAJ tokens can be acquired directly by sending ether to the smart contract, or using our platform as a proxy;
There are 720'000 tokens being sold;

The pricing is being determined by the below logic-

             The company has authorized 720'000 additional shares to be issued for this ICO.
             These Shares are distributed in 5 Phases
 
             Phase 1          10'000 Shares/Tokens           0.05 Ether
             Phase 2          10'000 Shares/Tokens           0.075 Ether
             Phase 3          100'000 Shares/Tokens         0.10 Ether
             Phase 4          200'000 Shares/Tokens         0.15 Ether
             Phase 5          400'000 Shares/Tokens         0.20 Ether

            
 
           Reaching funding phase 4 allows us to build the network in Guinea-bissau.
           Reaching funding phase 5 allows us to expand the plan into Guinea as well.






Resources
ICO Project White Paper
Slack group
Facebook
Reddit
Medium

How to buy directly from the smart contract:

If you are unfamiliar with this, you can buy CAJ on our platform ,But if you know how to do it, you can buy directly from the smart contract.

Official address of CAJ Token contract is
Send the transaction directly to the contract or to the buy() method. You need to increase gas limit.
 
Marketing
Bounty Campaign

We were going to have this ICO as more of a private thing between people who already know us and want to fund our projects, so we're having an announcement a small time before the ICO opens. Anybody is welcome to participate though.Except for US citizens, sorry, you know the drill.

Please post here if you have any questions, or to [email protected] if your question is of a private nature.

Thanks.
Best,
Cajutel sarl internet Team