Topic: PitchMyICO - getting answers from ICO teams - page 2. (Read 643 times)

CROM answers are now available in PitchMyICO

What projects did you do before?
[CROM] the team has been involved in various stage projects in digital media, digital content and online entertainment.

What will happen if you will raise less money than you expect?
[CROM] we intend to pursue the project regardless. A minimum will be reaching the soft cap, of course.

Why should we buy your tokens during ICO and not when it goes to an exchange?
[CROM] during the pre-ICO there is a 25% bonus and for people missing out on the pre-ICO, the ICO still brings real value to investors

What is the legal status of the corporate entity behind the ICO?
[CROM] It is a fully incorporated legal entity in Hong Kong, with running books, legal and accounting verified.

All answers to our questions are availalbe here

5 more projects had successfully answered our questions today. Direct links to project answers are available below:

Titanium Blockchain Infrastructure Services   
https://telegram.me/pitchmyicobot?start=dGl0YW5pdW1fYmxvY2tjaGFpbl8=

DADI
https://telegram.me/pitchmyicobot?start=ZGFkaV8=

BALEHU   
https://telegram.me/pitchmyicobot?start=YmFsZWh1

FLUX COIN   
https://telegram.me/pitchmyicobot?start=Zmx1eF9jb2lu

Social Media Token   
https://telegram.me/pitchmyicobot?start=c29jaWFsX21lZGlhX3Rva2Vu

First few answers from Social Media Token:

What is the token role in your project?
Due to the SEC Howey test Social Media token scored only 20 points.

Did the team work on other projects before?
Yes, team worked on project named CSGO.cash (https://csgo.cash ) TOP in game items marketplace with traffic ~800K unique traffic monthly. Also, we are TOP digital distributor on G2A.com with over 10 million sales for a last year.

Is it a working company?
Yes, sure.

What will happen if you will raise less money than you expect?
If we will raise less - all contributions will be forwarded back to investors.

Why should we buy your tokens during ICO and not when it goes to an exchange?
Because price is much better now. On Presale you can buy SMT with 30% bonus. You will receive for 1 ETH - 800 SMT + 30% bonus. On a phase 2 for 1 ETH you will receive 700 SMT.

All answers from Social Media Token are avalable in our telegram bot: PitchMyICO.

First 7 answers from FLUX COIN:

Where is the ICO company based?
Estonia

Is it a working company?
Yes, it is impulse-lab.com, but for now, we are closed for orders as we are focused only on our project.

What will happen if you will raise less money than you expect?
We will continue develop the product but we will slow down the process and it's marketing campaign will be less global then we intend.

Why should we buy your tokens during ICO and not when it goes to an exchange?
The price now is lower, and we have an additional discount system.

What is the legal status of the corporate entity behind the ICO?
The IMPULSELAB OU is an LLC based in Estonia.

Is there a breakdown of how the token will be distributed?
Sure, all the information is available at our website https://flux.fund 85% will be available for Public 7% will be reserved for Team and Advisers 3% will be used for bounty campaign 5% will be used as an early stage fund.

Is there a vesting schedule for the project's team?
Yes, our team will be able to use our part of tokens after 1 year.

All answers about FLUX COIN are available in our telegram bot: PitchMyICO

We had reviewed your answers and added you to the system. You can use this direct link to answers about your project https://telegram.me/pitchmyicobot?start=ZGFkaV8=.

Who are your competitors? What is the difference between you and your competitors?
[Titanium Blockchain Infrastructure Services] Amazon Web Services (AWS), Microsoft Azure, RackSpace, HPE Helion, IBM Cloud Storage, iCloud, etc. are our competition, but Titanium IaaS is first-to-market on the blockchain platform. The decentralized nature of Titanium IaaS will allow us to guarantee Service Level Agreements (SLAs) that are unbeatable, our price point for services will be at least half the cost of our competitors, and the existing client relationships of Titanium's sister company, EHI, virtually guarantee our success and future prosperity. In fact, we are so far ahead of our competition at this point, I think it's highly likely that one of our competitors will simply purchase Titanium, and proceed to re-brand it, e.g., "Titanium Blockchain Infrastructure Services Inc., a Microsoft Company."

How many team members do you plan to hire in the future? 
[Titanium Blockchain Infrastructure Services] Since I want to implement an Agile Scrum methodology, that means teams of 5-10 in each area of the world, so that at the end of the shift in the North American time zone, for instance, we can give a hand-off to the next team in Argentina, Europe, Ukraine/Russia, India, Hong Kong, Japan, etc. This will mean Titanium development is occurring 24x7 using a software development methodology that maximizes chances of success. This will be a follow-the-sun team, so the sun will never set on Titanium development. I do not think it is overstating things to say that we will have a team of 100 in the first year.

More answers from Titanium Blockchain Infrastructure Services are available in PitchMyICO in telegram.

Teams that had answered only few questions so far:
ADPUMP
AMLT by Coinfirm
Ammbr
BALEHU
BananaCoin
Bank4YOU Group
BankEX
BetBox
BioCoin
CanYaCoin
Cash Poker Pro
CROM
Crypterium
DADI
Datum Network
Debitum Network
EtherSport
FLUX COIN
Foreground
Freedom Streaming
HealthHeart
Human Discovery Platform
Hut34 Project
indaHash
Jibrel Network
Karma
Latium
LAToken
Local World Forwarders
Loci Coin
Mavin
MilkCoin
Mobius Network
Nitro
SERENITY FINANCIAL
Signals
Social Media Token
Speed Mining Service
Storm
SwissBorg
TeleX AI
Titanium Blockchain Infrastructure Services
United Traders

Teams that had answered almost all of our questions are listed  below:
Aigang
Bazista
Beeqb
BitRent
Bonpay
Crowdholding
Cryptonetix
DAO IPCI
Envion
Experty
fidentiaX
FundRequest
Galaxy eSolutions
Gimmer
Global Jobcoin
Hacken
INS Ecosystem
Inspeer
Jury.Online
LockChain
Lordmancer II
MediBloc
Neuromation
NΛU
Protos
Publica
Simply Vital Health
SPECTRE
SportyFi
STACK
Starbase
Stars Group
Stayawhile
StrikeCoin by Dimensions Network
Trive
Worldwide Asset eXchange

We keep updating information about new projects answering questions.

What is the business model of the company you are building?
[Simply Vital Health] Our business model is based on the applications we build on our Health Nexus protocol. Just as ConnectingCare is our first revenue-generating application in our company (which alone addresses a $10B slice of the US h ealthcare market), we have strategically designed the road map of all our future applications built on Health Nexus as self-sustaining business models. Health Nexus is an open-source, rent-free, consortium-governed blockchain protocol that meets the stringent standard for adoption by the healthcare industry. It was designed to give decentralized service providers, like us, a robust framework to develop the next generation of healthcare technology. With it in place, our vision for ConnectingCare and SimplyVital can be fully realized.

Why should we buy your tokens during ICO and not when it goes to an exchange?
[Simply Vital Health] You get 40% bonus tokens during the Pre Sale, and if you purchase early on in the Main Sale you will qualify for bonus tokens then. After the Main Sale all unsold tokens will be burned, reducing the available supply at that time. In addition, in contrast to many other companies in this space, we already have customers and usability of our token before the Main Sale; we do not have to disappear to start from scratch. As a company, our plans are already in place to grow during and after the token sale.


More answers from Simply Vital Health are available in telegram

How many team members do you plan to hire in the future?
[DAO IPCI] We do not plan to hire team members. Team members join the project


More answers from [DAO IPCI] are available in telegram

Does your project have anything to do with blockchain or are you just trying to use the hype around blockchain and cryptocurrency?
[Envion] We are a blockchain infrastructure provider and will probably develop into a provider for larger companies, their applications and their private blockchains

Did any of your partners invest any money into your project already?
[Envion] 1,5m to develop the prototype

More answers from Envion are available in telegram

We see your form submitted. We will review your project and notify you as soon as it will be available in the system by email.

What category of questions do you want answers for: ICO, team, token, business model, product or advisors?

How are funds held? Do you have an Escrow?
[Trive] Funds were originally going to be held in multikey wallets. After reviewing the wallets we decided to not use them. Funds are currently held in the ICO contract. Upon ICO end funds will be held jointly between the CEO/CTO/CFO at a custodial service like Circle.

More answers from Trive are available in telegram

Who are the lead individuals running the project and do they have verifiable publicly available profiles?
[MediBloc] Allen Wookyun Kho was the lead software developer for Samsung Galaxy S and later became a dentist. Eunsol Lee also used to work at the Big Data department at Asan Medical Center, Korea’s biggest hospital as both data scientist and radiologist. Chaeho Shin used to work for the central bank of Korea where he was part of Basel III banking regulation reform team. He also worked at Citi as a FX and Derivatives Sales.

More answers from MediBloc are available in telegram

What is the business model of the company you are building?
[INS Ecosystem] The ecosystem will be built in accordance with a scalable and decentralized approach that ensures stability and sustainability in the long term. The ecosystem will involve the following participants, which will participate as depicted in the next diagram: Platform Consumers Manufacturers Fulfillment (fulfillment center operators and workers, couriers) INS Ecosystem will charge 1% from all transactions When INS Ecosystem is up and running in a city, it works pretty simple. Consumer makes an order via the website or mobile app. The order is processed automatically on the INS platform and supply requests are sent to manufacturers. Manufacturers deliver goods to a smart fulfillment center closest to the consumer's delivery address. Distribution center staff packs the order and passes it to a crowdsourced courier who delivers the order to a customer’s doorstep. Customer enjoys fresh groceries at lower prices!

More answers from INS Ecosystem are available in telegram

Did the CEO have any experience managing projects like that before?
[Stars Group] Daniel is the Co-founder and CEO of StarsGroup and the Only4Stars International Sports & Entertainment Corporation Ltd (ISEC). Only4stars is a global football, marketing, match and sports tourism agency that specializes in developing and managing elite youth players, high-profile players, and coaches around the world. Additionally, Daniel is the Co-founder and COO of Tipster, an IOS App and Web Widget that lets you get personalized style advice from vetted influencers. Tipster, a two sided marketplace, has been featured in Vogue, WWD, Yahoo Style, and Good Day New York. Daniel is an ex-professional football player, Brown University Graduate, and StartX S’ 17 Alum, Stanford University’s Accelerator Program. He currently sits on the board of advisors for Rise.Cool Blockchain, a transparent and effi cient marketplace for brands and influencers to partner on campaigns, and Avalanche Labs Ltd, a niche social media growth hacking agency. Previously, Daniel Taylor worked in the Goldman Sachs Securities Division and at Brightwood Capital, a mezzanine private equity firm.

More answers available in telegram

Initially we did something for ourselves and now sharing it with the community. Filtering ICOs is not an easy task and the more people we get to that process the better. We understand that situation around ICOs change every other months and it can start changing even quicker soon. This part will stay free. Teams spend time answering the questions we want them to benefit so others can review their answers and make their own decision. You cannot just rely on ICO listing or rating websites because they do not have any responsibility for your money. Only you do.