1) Can you explain how came that 661000 tokens were bought for $440000, which is roughtly 1 PRP for $0,66 (pretty much pre-sale price).
* $200K were raised during pre-ico was 1 for $0,65.
* Then $240K was raised at prices $0,8 to $1.
Average should be around $0,75-$0,8. Ok, let's take your 250 PRP bonus into account, that'd shift the average down to $0,75. But no way it is $0,65.
During TGE1, ETH price was around $300, so that's not an explanation. BTC raised, but 12 BTC were raised first day at a price around $5400 or even less if it was during pre-ico.
I feel it's unfair, because my ETHs arrived #2 after the launch on October 12. So I took all the risks of unclear future of ICO, but instead of early-bird reward I got ~2500 PRP less than average investor would get with same amount of ETH. My price was $0,785 for PRP.
2) How long can you keep the development of project going with funds currently raised? Taking possible ICO bubble crash into account, 2018H1 might not be the best time to start TGE2. What if you feel it's needed to postpone it to later, than how later can you make it?
3) About bounty. ~2% of TGE1 tokens were intended for bounty program. Since you raised about 10% of your initial plan, does that mean that bounty distribution will be around 20% of what was purchased? If it's so, than as PRP hit exchanges, people may start selling their free tokens, which may crash the price down to 0.
Hi, thank you for your question.
1) We have some extended advisory discounts on pre sale private deals, that is why you see that amount of tokens sold. Don’t worry, you received the best possible discount during public sale.
2) We are considering our TGE 2 preparation strategy now with our partners and will announce it. As we have really advanced technology, solid team, world-class partners and great product that can save billions of dollars to advertisers, we expect to raise additional funding during additional token sales (TGE 1.1, TGE 2 pre sale). We haven’t decided on the actual plan for these events yet, will update on it later.
3) You are right, 2% of the overall PRP token supply. We are considering how to vest tokens to bounty program participants in a way so it won’t affect interests of token buyers. Information on that will also be published later. Bounty campaign continues until 1st of December.
Hi, keen to follow up updates on this. I agree that investors interests are paramount, however, hope that bounty participants' are also taken into consideration. Understand it's no simple feat to balance both, and that's particularly true when they are seemingly conflicting (and sometimes they may not). Appreciate the openness and frankness in such discussions. That is what attracts investors and talents to work with you, with clear communication, risks, and rewards which ensue our decisions.
When one decides to invest, s/he understands clearly the terms, risk profile, as well as the value. That I assume, includes token distribution and mechanics too.
Likewise, other participants also make informed decisions weighing all the above factors. And the way you communicate and deliver has been really helpful.
Let's keep the communication open. Thanks!
Show Posts
