Good day to all the community members and people who wrote on this thread.... I must apologize for taking this long to reply, I normally received a notification about a new comment on the thread. Not sure why this was missing this time around...
due to limitations on the number of replies I can do in a certain amount of time, I will combine all answers in this reply, and the team will monitor our ANN thread far more closely in future..
@btcthor : again, sorry for the wait. Iceland allows exemptions to IT and similar projects that meet certain requirements (we do) - the IT equipment is exempt from VAT or import duties (effectively 0% Tax) & corporate income tax is capped, irrespective of revenue - there are no maximum / minimum thresholds.
Our income from presale and ICO was around $9m , and additionally we received around $21m in large scale institutional investment in many forms (direct investment to the project, bank guarantees for suppliers, property purchase guarantees, and other instruments such as credit lines for IT equipment etc) - our capitalization model is fairly complex, as we could no longer rely on 1 smart contract address to get 100% of our funding. in these tough ICO times, we would have failed if it were not for being more dynamic in our offering/approach
we made certain deals with large scale investors that allowed them unseen security and liquidity inside of the deal, such as bank guarantees presentable to our suppliers who require guarantees - the net result is we did not have to fork out our ICO earnings on these commitments.
I would like to re-itterate:
- our project has been funded successfully, and we are proceeding as planned
- our token is trading on fork delta (ether delta too, but more slowly) - (
https://forkdelta.github.io/#!/trade/0x0d62dc6cd8c81dca8caadccf01ffe7c1f31d9402-ETH)
- all pre-sale tokens have been successfully distributed to the contributors
- our bounty tokens have been sent to the bounty manager, and are currently being distributed to the bounters.
- we are working with 3 other exchanges, but will be holding a vote amongst the token holders as to how we will proceed with this - more info in the newsletter mentioned next;
- SEE OUR MOST RECENT NEWSLETTER FOR MORE DETAILED INFO ON THE PROGRESS OF OUR PROJECT, YOU CAN EVEN SIGN UP
-
https://mailchi.mp/f13262116868/ready-set-go-data-centre-here-we-comewe are super grateful to the community for embracing our project, as without this, we would not have been funded to the levels we see today. Any talk of Moonlite being a scam is not even worth replying to - my suggestion would be to start saving for your trip to Iceland in Aug'18, where you can come and visit the DC, and see it with your own eyes. I don't think a little "reply" on BCT would suffice in this case
MNL Team