Is the escrow and knowing the team with face pictures online who is behind the project enough due diligence to make a decition to participate in this project?
No. They don't have an escrow yet. And they have less than 2 months until the ICO starts...
It is nice they show face pics of the team, but they are not showing CVs or LinkedIn profiles, so they are not proving to have skills or experience in crypto-currencies. We can't even confirm if the whole team is real
Me and other users are showing a lot of concerns about a lot of topics regarding this crypto, so until everything is clear I do not recommend investing here
When Participant decides to invest in the crowd sale he will open an account in our web page. After that he will input his EHT address in his account. Users account will be secured by username password and Google 2fa or via 10 or more words wallet seed. The ETH addresses are unique. There is no ways two different user to have the same address. After crowd sale BUILD tokens will be distributed to the participants ETH addresses. Users have to be sure that they provide their ETH address without a mistake. You cannot steal their tokens because you need to know their username password and app key for their 2fa authenticator or their wallet seed to hack their account and change their ETH address. Also confirmation email will be sent to user when someone tries to change his EHT address. If someone provides wrong EHT address, the real owner of the address will receive BUILD tokens. If you buy tokens later form exchanges you have to send them to the your address. If you used not your address but random address form the blockchain will you sent your tokens to someone else? I think no. Nobody will spent money for buying something and sent it as a gift to someone.
Ok, so this is a complete new dimension of the things, that you haven't stated before. So the right to receive dividends from the benefits of the construction is provided only to the original investors of the ICO. Anyone else that buys the tokens on a exchange will not have the right to dividend because his address is not on your database. Do you know what this means about the market value of your token, right?:
- Market value of BUILD token = 0 BTC
- Market cap of BUILD = 0 BTC x 1.000.000 tokens = 0 BTC
Who is going to buy this token on secondary exchanges if they can't claim the dividend?
We do not see any problem to have bank account linked to the smart contract. This will be the official bank account of the organization. The funds from the crowd sale will be sent to this bank account. Collected BTCs will be exchanged for FIAT and sent to official bank account of the organization. There is no way to buy a plot and construction materials via BTC will have to use traditional currencies.
WOW! This is a really big thing!! So you are telling me that you have a FIAT bank account controlled not by an individual but by a decentralized, automatic and trustless smart contract. And which bank is going to provide you such a thing, you say? If you are claiming you have a such advanced technical milestone,
you should start showing some of your code to the community if you want someone believes it. Because, you know, this is great technological leap from what you have shown us so far...
All possible audit agencies will be able to check our organization. Of course we will use lawyers and notary services.
Who? Which ones? Where are going to be those documents? You can't expect people is going to invest in this token if the security features of its only real value are "to be determined"...
And finaly If you don’t like our project KINDLY DO NOT INVEST IN IT, choose another company and buy shares from it!
The more this thread progresses, the more I am sure I will not, don't worry. From what you are answering me in these posts I have the feeling you are improvising the features of the token on the go. You don't really have a plan.
Even not investing is going to prevent anyone to point flaws on a project or report potential scams. When someone loses his money in a new altcoin, the shame is on the whole community. And crypto community have experienced too many scams already
EDIT--> It is really, really suspicious that arguing with a different user, you have to show stuff about his private business (and out of context), instead of debating the points he makes. It is you who is asking 1.000.000 USD is this thread, so it is you who has to demonstrate you are legit. He doesn't have to prove anything about himself in this thread