I see Nauticus have long term planning and the first planing is developing Nauticus Exchange (2018) and launched on the middle of this year right? after that, the second planing is developing Blockchain Mining Center (2019), so my question is, what happen if the fund raised not enough for developing Blockchain Minning Center? You will launch ICO again or how? Thanks
Hi there and thanks so much for your question! It's a great one!
The main purpose upon launching our ICO was to raise enough funds to launch the first pillar of our ecosystem (the crypto exchange) as you rightly pointed out. The soft cap that we set ($8M) was to allow for the accomplishment of that goal. Thankfully, as of today, we have raised almost $15.2M (effectively, almost doubling our soft cap) and equalling the amount Binance raised in its ICO last year.
This is excellent news as it allows us, not only to launch our high-speed exchange as planned by mid-August, however, it also gives us a head-start towards the launch of our green blockchain mining center next year as well.
In fact, the funds raised during the ICO and those raised during our leadership team's recent World Tour give us such a head-start, that our CEO, Bryan NG, was quoted in a recent article on our Medium blog, as saying, "“We have raised more than $4 million during our whirlwind world tour but, more importantly, we have forged new partnerships that could advance the project by an entire year.”
(Read full article here:
https://medium.com/nauticus-blockchain/nauticus-announces-bonus-sale-426827fc411f)
So, from our perspective we are doing exceedingly well meeting our targets.
Additionally, as outlined on page 18-19 of our whitepaper (found here:
https://cdn.nauticus.io/NauticusWhitepaperOfficial.pdf, our *very conservative* gross revenue projection for year 1 is $48.03 million, with a net profit (after tax) of $19 million.
This will put us in a strong position to open the green blockchain mining center without requiring additional ICOs.
Should this change, we will obviously inform all users. But at present, due to our current fundraise, no plans for additional ICOs exist. Hope this helps clarify!
Thanks for the answer, very helpful for me.. Now i can see the bright future of this project, and hoping i can see that soon! i will keep support Nauticus Project for now, next week, next month, next year, and so on!
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