Topic: ㉫ ENJIN COIN - World's most Secure Mobile Wallet RELEASED for BTC / LTC / ETH - page 101. (Read 101020 times)

Understand this simple fact - there have been ICO's conducted in the past whereby those running it listed multiple 'team members' who turned out to be either entirely fabricated, or were not who they were being portrayed as. It is unacceptable to be seeking millions of dollars in investment funding for your project and for there to be a question mark over exactly who 'everyone here' at Enjin actually is.

So, I ask you again, please provide links, other than your own virtual community, which show who these people are in RL.

I meant did you have any links external to your own site that show these people as who you claim them to be? You're asking for many millions in investment from the public and yet three of your team slated for a share of the pre-mine are not easily found as actual people on the web. Given their stated roles and experience I would have expected to be able to find them quite easily somewhere on social media. I am asking that you provide a little more to substantiate your claims regarding who your team are.

Lilia, Chris and Brad are incredibly instrumental to Enjin and we’ve been working together for many years.

Please view their Enjin profiles and post history as follows:

we don't intend to drop tokens on the market. We're happy to time-lock the release of the partnership tokens over 18-24 months with as we intend to release them very slowly, to promote adoption of ENJ over many years.

Regarding the 18% Team/Advisors portion of the coins, we have a lot of people working on Enjin Coin, and 18% gives everyone here a fair stake in the project.

Has this platform been available for everyone? Looking at your LOGO, I thought it was a Chinese project

If you guys manage to get big gaming companies into this (Activision-Blizzard, EA, Sony, Microsoft, Nintendo, etc) then I'm more than interested. The success of your ICO will depend on how much priority you give to this task.

For what it's worth, I'm also extremely familiar with Enjin. I'm not entirely sure if this is actually endorsed by them, though...?

so many coins focused on gaming coming out. bookmarking as it looks interesting

This is interesting, i have been using Enjin services for many many years and i have been 100% satisfied. The space they provide for online communities to establish has played a crucial role in the growth of mmorpg games. Their customer support is good, the prices are competitive and the service is stable.

On the other hand i dont see where an enjin coin is required in the business model nor what will be its use.

They do have the clientbase to push the coin's adoption. I will be following, best of luck! 

16% Partnerships:
That is a huge chunk of money you are going to be diluting the pot with. You want people to buy 66% of the coin supply with ETH and then you are effectively in control of the other 34% which, as they are being sold on the market, rob those 66% coin-holders of value. So they are not just buying at the ICO price, they are buying at the ICO price and then facing a 50% 'tax' being applied to their market share value as those remaining 34% of coins are distributed and ultimately sold for ETH.

Who came up with those figures and thought they'd be an acceptable structure for an ICO-funded project?
...

That is a huge chunk of money you are going to be diluting the pot with. You want people to buy 66% of the coin supply with ETH and then you are effectively in control of the other 34% which, as they are being sold on the market, rob those 66% coin-holders of value. So they are not just buying at the ICO price, they are buying at the ICO price and then facing a 50% 'tax' being applied to their market share value as those remaining 34% of coins are distributed and ultimately sold for ETH.

Who came up with those figures and thought they'd be an acceptable structure for an ICO-funded project?

You are running the crowdsale with the intent of reaching a minimum of 60,000 ETH, yes? That equates to about USD$12,000,000.00 at today's prices. Why is that insufficient for your project's spending needs to the degree that you also want to distribute another USD$3,000,000.00 dollars-worth (16% Partnerships) of coins from the pre-mine to pay for other aspects of the project which are not apparently covered by the initial ICO amount collected.

Would it not be fairer to use ICO funds to purchase coins from the post-ICO market for paying for these third-party 'community' distributions? That would at least mitigate the persistent down-pressure on the market from value dilution.

Indeed, they should, which is why it is *really* important to ensure the people you are listing as team-members are legitimate. Which leads me to the other issue of trying to establish the who's who of the Enjin team.

You listed Lilia Pritchard as somebody who 'works in the background', yet she is supposed to be a social media and marketing expert who happens to have no presence on the web, at all. Why is this and how can we be sure she is who you say she?

The same goes for these two people:
and

Neither of whom I can find any details for outside of your infographic. Please provide links to show these three exist somewhere on the web as actual people, as opposed to us having to simply take your words for it.

I am not being unreasonable in these requests and Vanbex, the excellent and highly professional marketing firm you are looking to pay with your ICO funds, will know exactly why I am asking these questions of you and will most definitely agree with the need to ensure that you and your project are exactly who and what you say you are.

If you doubt me, ask them.