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Author Topic: We need a language translation for a new Token.  (Read 74 times)
LuckydogTeam (OP)
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January 26, 2018, 03:02:48 PM
 #1

Hello there,
We need a language translation for a new Token. The theme of the prologue is "online lottery". It is also a donation to charitable organizations dealing with world problems. A short whitepaper and website will be translated. Translators will be added to the team list. We would like to ask the interested people to send a message. 500-1000 units of new token will be paid. The unit price after ICO is estimated as 1 USD.

Technical details:
Token Name: LuckyDog Token (XLD)
Token amount: 100,000,000
Recreateable: Yes
Token Planform: Waves
Team and promotion start budget: $118k
Funding incubator: Up to $300k
paxmao
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January 26, 2018, 03:35:35 PM
 #2

Your valuation of the token looks incredibly high. If you sell your tokens for 1 USD you are trying to have a marketcap of 100 Million USD right from the start. Since that is not possible, the translator will eventually find that the real value of the pay is more like 10 USD.

It is difficult to find a translator for that price, so you firstly need to justify very clearly why your business is worth 100 million dollars. It looks like the WAVES platform is a magnet for this type of overvalued business.

LuckydogTeam (OP)
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January 26, 2018, 09:42:19 PM
 #3

Thanks for your interest.
With Waves; over 200 tokens were produced in world stock exchanges. There is no reliability problem. All processes, such as the same Ethereum, can be monitored. Waves also provides a stable environment for us.

The expected value for XLD is 1 USD. The reason is that the lottery tickets and prizes are paid by XLD. We give 1 XLD a 1 USD purchase guarantee. Our 30-year official lottery experience in the Middle East and Cyprus is progressing steadily.
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January 29, 2018, 10:49:53 AM
 #4

Thanks for your interest.
With Waves; over 200 tokens were produced in world stock exchanges. There is no reliability problem. All processes, such as the same Ethereum, can be monitored. Waves also provides a stable environment for us.

The expected value for XLD is 1 USD. The reason is that the lottery tickets and prizes are paid by XLD. We give 1 XLD a 1 USD purchase guarantee. Our 30-year official lottery experience in the Middle East and Cyprus is progressing steadily.

I am not questioning the technical suitability of the WAVES platform, just the type of projects I see on it. I am not going to check the legitimacy of the project, the people behind, etc.. But just pure business logic:

As for the rest, your answer does justify the value of the tokens as they are convertible and backed up by your business. However it raises two questions:

a) You are pre-selling 100 million USD of future tickets. What is your current revenue / sales per year?

If your ticket costs 1 dollar and is convertible in 1 dollar (backed by your business sales)

b) As an investor I want to make profit. Why would the token rise in price? Why would I not simply use my dollars, which are a solid fiat whenever I want to buy your tickets?
c) How do you ensure the convertibility? Is it just your word or will you have a deposit certificate?




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