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We are a group of four based in California, we met and all currently work in some capacity for a similar application. It's large, you've heard of it. One of our members holds a rather important position and works in exclusivity. Devoting time to other applications is grounds for his termination. That is the current reason we do not have any team information available at this point.
The revenue we make there is what allows us to fund development and other associated costs. Once the ICO is over we have all agreed to put in our two weeks so we can fully devote time to Snapshot. Our team Page will be released on August 10th.
We understand this isnt ideal, but it is the only option available where we have enough funding pre ICO to operate. This will cast doubt on our project and will prevent some from investing but it is necessary to get Snapshot off the ground, and realistically our funding target is set at a price where we aren't worried about our ability to raise it.
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That will be a big challenge for the team. I don't know if you can attract so much investors with that kind of style.
Since the community is fed up with all those scammers, crappy projects, name it, a lot of them will be hesitant to risk their hard-earned money.
Unless, you know someone who has big pockets, who believe in your platform and who's willing to shell out for your initial fund. That would be awesome.
But who knows, if you have concrete plans and this project is a promising one, maybe you will pull it off.
We completely agree, That is one of the main reasons our target funding is so low compared to similar projects. We feel the low ICO value will properly pay back the users who invest on the ground floor, the profits mirror the risk investors are taking.
Part of the reason we aren't worried is because we brought our project forward to a few select angel investors and after they signed their non disclosure agreements and we pitched they wanted to follow through. We ended up recanting the offer as we felt having tokens in the hands of actual users would be much better for the projects longevity, even if it means lower than possible funding.
So if the
worst happens and the offering doesn't go anywhere we will have other avenues for funding, even though we think they are less than ideal.