I agree. You can lose your investments anywhere, regulated or not. However such risks are much lower when investing using regulated tools. My message was perhaps vague, but simply put it's following:
This project sounds risky even for conventional investments (lack of business plan, appropriate calculations of NPV, PI, IRR, PBP, DPBP, legal framework analyses etc.). In addition, ICO only adds risks and uncertainty here for an investor. Basically you don't have any tools to assess viability AND you don't have legal framework protecting your money (even though developer gets to keep it's business AND your investment).
Well, I started my startup journey years ago following courses and reading books mostly from the East coast. They all agreed that explaining a business model (aka business model canvas) stands over business plans and the likes (when talking about new businesses). We could produce all the reports and KPIs you mentioned but they would be completely useless if we can't convince people that our technology works. If we were interested in making easy money we would have: a) spent much more in marketing b) launched a much larger pre-sale with a 50-70% bonus c) hidden our identities much better instead, we are investing most of our time in explaining the technology and launching a small (quite irrelevant) pre-sale. We have also created an entity in the Czech Republic (a much more convenient location than Russia, for EU investors). That said, I understand that this project is raising some concerns both on technology and on the crypto adoption. We will spend much more time in the following days to address both issues. Best, Mauro |
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How much will I get $ if I wear your signature?
Hi, bounty value: 2% of money raised during ICO signature: 80% of bounty value We use a stake system to share money between participants |
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I think price can increase after time. inflation and etc.
The main token benefit will be the dividend distribution. Also, if the project works well, a price increase is also expected (Given the likely medium/low initial cap) |
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Yes, I've been following the development of this project for a week already. The guys know their business. I think the decision to do without facebook and twitter - will bear fruit.
in some bounty companies Facebook and Twitter help to attract an audience. I also think that all means of attracting are good. But perhaps the administration's strategy will bring its results. Let's see! I'm very pessimistic about the ability to drive investors from Twitter/Facebook, in particular for a complex project like ours. In some projects facebook and twitter companies helped to to collect the required amount of investment, but it doesnt work good with just reposts and likes) I do agree that FB/TW influencers can help, but not a generic bounty campaign |
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Yes, I've been following the development of this project for a week already. The guys know their business. I think the decision to do without facebook and twitter - will bear fruit.
in some bounty companies Facebook and Twitter help to attract an audience. I also think that all means of attracting are good. But perhaps the administration's strategy will bring its results. Let's see! I'm very pessimistic about the ability to drive investors from Twitter/Facebook, in particular for a complex project like ours. |
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Just specified. Now waiting my 27k tokens!  |
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You see in civilized society I don't really have to chase anyone who steals from me
thanks for the lesson on the civilized society... |
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After reading your project it does not really adds up for me.
1. You have no experience in crypto, your project have nothing to do with crypto and this project can live without crypto. That makes it very easy for you to take your money, close your current company and resurface somewhere else holding no obligations and funded for smooth run. With little to no legal obligations it bares great risk for an investor.
This point is very interesting: I do agree that cryptocurrencies and tokens have the best fitting when censorship is a central point. Of course, this doesn't apply to this project. But, here, tokens are mostly a means to raise funds and to build a token economic based on dividends distribution. Would it be possible without cryptos? Of course YES, but with 2 drawbacks: a) IPO and/or seeding rounds are very expensive b) not everybody lives in countries with a large base of angels/VC So, but it's just my view, a small/medium cap project, with a definite token economic (with mechanisms to preserve tokens value like dividends, sinking, buybacks) has perfect sense and can be profitable for investors. About risks, this project is based in the Czech Republic and you can find all the team on Linkedin. Not much difficult to chase them if they steal your money You see in civilized society I don't really have to chase anyone who steals from me, I can simply sue them. In case if ICO suing is out of the question since it's not regulated area. So Investing in the ICO I will have to put all my trust in their honesty or be prepared to "chase" them as you suggest. Obviously I'm not a big fan of chasing people, and even If I'll have to, law wouldn't be on my side. This make my investments pretty vulnerable, because in case anything happen I will not have tools to return significant part of my investment without investing even more. If that project was crypto oriented I could easily audit code and at least partially mitigate risks, but since it's not I can easily find myself with bag of worthless tokens looking at the company that legally owes me nothing without legal tools for dispute. Besides that I don't really see how my corresponding share of profits can be delivered to me. What will happen if legal basis of tokens in Europe will change in 2018 or 2019? Those questions bothers me the most in "crypto-illiterate" projects (does not meant as an insult). When I said chasing, I was joking. I don't know which kind of investment gives you " tools to return significant part of my investment without investing even more". My father lost 20k (99% of invested capital) from his investment in a local Italian bank, many people lose their money investing in startup's seeding rounds, big VC lose constantly their money investing in startups and you can easily lose your money by investing in stocks. I've been running a local Startup Grind chapter for years, here in Italy, and I've countless examples of angels investing their money in projects failing in the next 5-10 months: will they have the money back? Absolutely not. Even bonds can't guarantee you to have the money back nowadays. That said, investing in ICO is highly risky. Regulations can change maybe tomorrow or maybe the day after tomorrow and I would never risk high % of my savings. About "crypto-illiterate" projects.. was Tezos a crypto-literate project in your view? |
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Im the website, we are displaying time to pre-sale end. |
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Can we see in real time somewhere how much has been contributed so far?
Yes, we will add such a widget to the site. good idea, this will give confidence to investors. I hope the first will be brave. we will convince them  |
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Will have you problems paying dividends to the holders?(i talk about SEC)
why have to appear the problems? yes, SEC doesn't rule in the EU... |
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wish success to the team in business and make useful Crypto promotion in Russia
If you are interested, i'm directly involved in a couple of low cap Russian projects |
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meanwhile today the last day when you can buy Tokens on Waves DEX with the ICO price 1$. So it's almost the end...  Hope AltoCar will be more successful than other Waves projects ) So far, it's hard to find successful projects even in the Ethereum eco-system |
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The white paper is only 4 pages. Maybe is not enough? We have a lot of technical information in our website. we tried to make white paper as understandable and convenient for reading it's cool that whitepaper so shot and clear, but there is enough information to understand process. Good point; recently I've been reading lots of comments from US VC complaining about typical WP. Too long and too much complex compared to the common slide deck format. We probably took it too seriously |
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I have seen very few reviews about this product, maybe there are people here who have already used it?
We will be posting a lot more information in the coming days |
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After reading your project it does not really adds up for me.
1. You have no experience in crypto, your project have nothing to do with crypto and this project can live without crypto. That makes it very easy for you to take your money, close your current company and resurface somewhere else holding no obligations and funded for smooth run. With little to no legal obligations it bares great risk for an investor.
This point is very interesting: I do agree that cryptocurrencies and tokens have the best fitting when censorship is a central point. Of course, this doesn't apply to this project. But, here, tokens are mostly a means to raise funds and to build a token economic based on dividends distribution. Would it be possible without cryptos? Of course YES, but with 2 drawbacks: a) IPO and/or seeding rounds are very expensive b) not everybody lives in countries with a large base of angels/VC So, but it's just my view, a small/medium cap project, with a definite token economic (with mechanisms to preserve tokens value like dividends, sinking, buybacks) has perfect sense and can be profitable for investors. About risks, this project is based in the Czech Republic and you can find all the team on Linkedin. Not much difficult to chase them if they steal your money |
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Yes, I think that the participants of bounty is also not rush to merge its tokens I will personally keep their growth
Yes, i'm holdling .. if they can really implement and sell franchises with tokens, we could become rich |
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Very interesting. As I understand, the project managers after the ICO, will buy their crypto currency from investors. For what currency will you do it, for dollars?
Do you mean a buyback program? |
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