Thanks for the update.1. Are you going to contact additional exchanges after the swap?
Ans: We are surely going to contact more exchanges but we'll not disclose which ones until we are listed.
2. Are you planning to contact CoinMarketCap.com to make fame a coin in the list?
Ans: This is also on our to do list, we'll get coinmarketcap to list us the moment we are done with distribution.
3. Are the amount of coins before and after the swap remains the same?
Ans: We are going to have a Maximum money of 50 000 000 fame of which 27 000 000 will be distributed through a 1:1 swap ratio and bounties. 3 000 000 will be reserved for development and etc, 20 000 000 fame will be distributed through the photo sharing app at the rate of 5479 fame a day for 10 years.
4. Where does the development fund come from? are you holding significant amount of coins and developing in order to increase coin value enough to make a decent profit for your development time? (which I assume it will be a lot of time to create an actual app and support it)
Ans: Infact, the development fund comes from my personal money and the idea is to get the product ready so we can run marketing on the platform with a growing user base. I have already signed up for admob which i believe will do well with a good number of users on the platform. New users will have to pay with fame to create accounts and also perform other interesting activities on the platform.
So basically, we intend to generate revenue from the platform, increase the spread of the fame tokens, make fame popular and increase in value etc.
5. Are you the only developer? Any plans to add developers to be paid in fame? if so, from which fund?
Ans: Currently, I have 3 people on the team to speed up the project. With Myself managing the project, i have a developer working on the mobile app and a marketing strategist. So i believe we have a strong team to kick start the fame project. We shall get permanent developers when we take off.
6. Any time estimation / roadmap for a working app? any plans for PR to promote it?
Ans: Yes, Frankly, we have a working demo app but we are still working on it to get it completed to industry standard.
We shall receive request from some community members to test the app right after our announcement thread is created on Monday 21st August 2017. we hope to have a published app a month after distribution is completed.
Thanks in advance and appreciate your work so far in promoting this project.
We are most grateful for taking your time to outline your concerns, we honestly appreciate your involvement with our project.
Kindly join our slack and Instagram for any further questions.
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