-There are 5,000,000 QSCX(A16795732744712565000) Tokens for sale at 1 XCP Each.
So wait a second, you can only invest with XCP? You can't purchase any QSCX with BTC?
Take a look at the order books for XCP at Poloniex. I have great respect for Counterparty so no disrespect to that project but to put it bluntly, XCP liquidity is fucking non-existent. It makes no sense to only accept XCP if this is a legitimate ICO that aims to raise a solid development fund. HOWEVER, it makes perfect sense to only accept XCP if this is a scam and nothing more than a thinnly veiled excuse for running an XCP pump and dump.
We understand your concerns.
We were seeking a way to be able to invest with other Cryptocurrency. We looked into the NXT Monetary System as well as StartJOIN. After a lot of discussion, we've decided that the XCP System is perfect for running our IPO. We greatly apologize that this is an inconvenience for most BTC holders who can't obtain XCP. The Team did originally believe that the XCP system could also accept BTC and not just XCP. Again, we deeply apologize and promise to deliver a fantastic project after all of the confusion that may come up.
You don't have to apologize to me. You and your team will be the ones who suffer from lack of funding if you are legitimate.
Obviously you can't accept BTC and XCP. It has to be one or the other or else it becomes a debacle like the MAID ICO long ago. This is why all major Counterparty ICOs to date have only accepted payment in the form of BTC and simply issued the appropriate tokens to the public BTC address that each individual investment was made from. It works out beautifully since the Counterparty protocol piggybacks onto the BTC blockchain anyway.
It strikes me as odd that if your project is legitimate, you would choose the option that is GUARANTEED to SEVERELY limit the funding of your ICO, especially as you have already stated that you and your team looked into NXT and StartJOIN as well and therefore have no particular loyalty or alliance to the Counterparty project. Let's even disregard liquidity for a second and point out the fact that there are only approximately 2.7 million XCP in existence yet there are 5 million QSCX for sale! Not a chance in hell even 1% of those ever get purchased.
This shit makes absolutely zero sense.
https://i.imgur.com/KZk3nI2.png"When Qusocia finally launches, all 12,000,000 PSC will [be] rewarded to those who participated in the QSCX Sale and to Development Funds."
Well we already know that logically a very small amount of the 5 million tokens will ever be purchased. There isn't enough XCP to purchase it all and the only ICO that could possibly raise 5,000,000$ these days would be if Satoshi returned to launch Bitcoin 2.0. So will your team still be keeping 2,000,000 QSC regardless? If I (generously) estimate you sell 50,000 QSCX and your team keeps 2,000,000 QSCX, your pie chart would need to be readjusted to be 97.5% green.
This project is either a scam or your team is incompetent if you are bungling the terms of the pre-sale this badly.
We won't be keeping 2,000,000 QSC. 80% of 12,000,000(slightly under 10,000,000) will automatically be dispersed to QSCX Holders as soon as they transfer. The remaining QSC kept will be a split between Development and rewarding QSCX Holders. Development will take far less than 2,000,000. We ourselves won't be holding any QSC after we continue to roll out more plans and utilize more services. We will admit that a small amount of these funds will be going towards the Qusocia Media Events next year. This will continue to expand Qusocia and help it become a success.
Anyways, what platform would you consider we use to Crowdfund our efforts? Since you seem biased against the Counterparty system, should we consider splitting the crowdfunding campaign between 2 different services? 2,500,000 QSCX available on the Counterparty network and 2,500,000 available on StartJOIN? These are things we considered and maybe we could have rolled things out much better.
We simply did not want to confuse everyone between the QSCX Token and Qusocia itself. We will fix this confusion in due time and we apologize.
