Need to wait until 2019 to have a mobile wallet?? That's too long.
That is a super long time. Maybe if this is more successful they'll be able to allocate the resources and get it done sooner?
Agreed, whole purpose of having a functional token like this is the ability to use it. With the mobile launch and beta so far away, there is very little incentive to buy this token in an ICO. It will not likely appreciate much in price from ICO date until platform launch as the team is not doing anything particularly innovative in the blockchain space. You are just building a sportsbook with low margins. This ICO would be more successful if you had a current website we could bet on with just bitcoin for instance to get excited about the low margin offerings with high liquidity. And then you could present the ICO and you'd raise a whole lot more.
Something like Wagerr may or may not work out, but at least there is a rationale for an ICO for a project like that. I'll wait for this one and look forward to using your platform as a bettor myself when it is ready in fall of next year, but I will be holding other coins/tokens until that time as they offer far more growth from now until that time. This token has no incentive to 'get in early' so to speak. Hold your bitcoin and/or altcoins and buy this one next year guys. You'll have a lot more FAN to bet with that time. If all the tokens in week 1 were sold, it'd raise 117,000 ETH. This project doesn't need 35+ million. It could do fine with 1/10 of that amount. The minimum raise of this project at 5,000,000 should actually be the hard cap if valuations actually mattered in the crypto space.
Hey cryptokyle,
Thanks for the support (long-term anyway
). There's definitely a little confusion as to the difference between a mobile wallet and a mobile app, our 2019 projection was a conservative timeline for a fully native mobile app launch...Also, our token is purely an ERC20 token, which will mean it can be stored on any mobile wallet that is set up for Ethereum altcoins. Our platform wallet will be available in conjuncture with our closed Beta launch June 2018.
While we do agree with your point that the price of FAN will likely shoot up significantly upon the launching of our actual betting platform, I think your expectation that we just build out a full functioning book already operating with a 1% margin and high liquidity with zero funding is a little unrealistic - the entire point of a token sale is to generate funds to build, market and license this project. As we are taking a fully regulatorily compliant approach, there are significant legal and startup costs associated with securing licenses globally. In addition, in order to meet our aggressive timelines and plans for rapid market acquisition, there are equally significant development and marketing costs that we will be incurring.
As always, thanks for all the feedback guys.
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