Actually escrows can be used of here, as there can be some arrangement, that you can just get the funds from escrow if you will really enhance something on the site. As i have said, If you will just use people's money to be as site bankroll and enhance your site, you clearly doesn't risk anything.
You say you risk your name or reputation, Will the owners of betopen introduce themselves in the public? How about if you are a scammer who doesn't care weather your reputation is damaged or not. I'm not accusing you here, i'm just telling, What if? Maybe? Because afterall, the investors need to make sure that the money they will invest will go to something worth it.
Another thing, if being transparent will be time consuming, why open an ICO?
Why not just open your site for investors to invest on the sites bankroll just like some dice site out there. In this case they can track it easily, no more need in troubling yourself in opening an ICO.
Quoted for emphasis mate,
We truly feel the same needs for our investors privacy, but this is in their interest that the gathered money is actually used to enhance the site. You are somehow telling us that we might not use the ICO funds to fuel the website nor enhance it, but what could be its use ? Pay us ? We are asbolutely not in this way of mind. Even though it could be the most successful ICO ever, we would not take a penny more than our regular paycheck. We believe in building something on long-term, both funny for our users and rewarding for our investors. For those reasons, money is needed as soon as it is available, why should it make seat for three weeks and then take it all ? That would be useless. We understand that transparency is as much important to you than it is to us, so we will during ICO take a complete reports of where money is actually spent. Would that be something suitable to you ?
Being transparent is not time consuming, this is to report anything in an actual readable way that is. Of course we can give every investor the general address, but things could not be as well explained as on the reports. But if this is something our investors want, we see no problem to this.
So, we chose to make an ICO instead of simply opening the bankroll for the reason that we wanted to let our investors the possibility to have an hyper-liquid asset, that they can sell or buy whenever they want, which would not be possible if there was no ICO.
We have elected a system where the price of one BETOP is not fiexd. The price of each BETOP will depends of how muhc money is raised. The more successful the crowdfund is, fewer BETOP one will get, but they will be more valuable. Due to this system, in case the total amount of BTC is relatively low, the price of each BETOP will not be that expensive. But hopefully for our supporters, that will not last
!
Don't you think it will be a bad idea that every BETOP don't have a fix price, because you had a set bounty for different campaigns which is fixed. At least I think it will be better if the bounties will be the percentage of the total sold coins, and not of the total amount.
Don't get me wrong as trolling, I just love to invest in this kind of coins and in gaming altcoins, but of course I want to know certain things so that I can invest in wise manner.
The bounties will be from the total amount of coins, how else that could be ?
We know you are some genuine user wanting to know a bit more about our project, and we really enjoy this. This is people debatting our project that make it become better, and for this we greatly thank you !