[ANN]ceal.io - decentralized information and messaging network - crowdfund live

[mishax1]

What happens if you don't raise enough BTC ?

[rubiprojects]

What happens if you don't raise enough BTC ?

Good question. Maybe continue with the little fund, maybe refund investors.

[ca333]

That is a question we would discuss with the persons who did back this project. If there is a case where a refund is better for the ecosystem and where a relaunch together with prerelease brings more interest to the community then we will follow the advice of our community.

What happens if you don't raise enough BTC ?

Good question. Maybe continue with the little fund, maybe refund investors.

[MbakNarti]

I hope in Ceal crowdsale can meet the target, although this may seem so far 25BTC of 1333 BTC
still time left 2 weeks.

Good LUCK ceal project!

[buwaytress]

we do not have a specific target. We only have a limit set. So for example if only 10% of the limit get filled, then all existent ceal-tokens are divided upon the supporters (of this 10%).

Thanks for the response ca333, and sorry for my own delayed acknowledgment. I suppose the main reason I asked this (as a newbie somewhat in crypto development anyway) is that I understood that the initial crowdfund was for release to the developer team. Do the developers not have a specific funding target or minimum needed? Surely they have costs that need to be met. Is there no theoretical minimum for the project to succeed?

Or have I misunderstood this concept of funding completely? =)

I do see a few questions above on the possibility of relaunch or refund so I suppose that does partially answer the question of what happens if not enough is raised. But any other insight you can share is much appreciated.

Thanks in advance for all your help.

[crazyjack]

What happens if you don't raise enough BTC ?

Currently there has been collected nearly 25.5 BTC. Without good marketing achieving 1,333 BTC is nearly impossible. Marketing is everything today, people  at first put packaging before the content, sadly, but that is how the way world runs.

[ca333]

What happens if you don't raise enough BTC ?

Currently there has been collected nearly 25.5 BTC. Without good marketing achieving 1,333 BTC is nearly impossible. Marketing is everything today, people  at first put packaging before the content, sadly, but that is how the way world runs.

sadly but you are complete right. This is what we are experiencing now.

we do not have a specific target. We only have a limit set. So for example if only 10% of the limit get filled, then all existent ceal-tokens are divided upon the supporters (of this 10%).

Thanks for the response ca333, and sorry for my own delayed acknowledgment. I suppose the main reason I asked this (as a newbie somewhat in crypto development anyway) is that I understood that the initial crowdfund was for release to the developer team. Do the developers not have a specific funding target or minimum needed? Surely they have costs that need to be met. Is there no theoretical minimum for the project to succeed?

Or have I misunderstood this concept of funding completely? =)

I do see a few questions above on the possibility of relaunch or refund so I suppose that does partially answer the question of what happens if not enough is raised. But any other insight you can share is much appreciated.

Thanks in advance for all your help.

Hi buwaytress, if we do not make better progress with the funded amount in the next days we are probably going to relaunch the crowdfund campaign in the next 2-3 weeks together with a layer-4 release and more development progress to present to the supporters. It would not make much sense to harm the ecosystem and potential of this project by distributing the tokens upon just few people. We have been reconsidering this the whole last 2 weeks and came to the conclusion to better do it more well-planned. Our team also thought over the early-adopters bonus, which was redesigned completely for a possible restart.. I hope my answer helps you.

By hook or by crook, we are launching cealNET and will do this as well as in any way possible.

thank you,
ca333

[Mongwapogi]

Don't lost hope, I'm here to support this project!

Please give me work to promote this project. I will do it for free!

[singalone]

Don't lost hope, I'm here to support this project!

Please give me work to promote this project. I will do it for free!

Lol, you mean signature for ceal? But yours is komodo. 

[ShooterXD]

ca333, how are you going sir?

Well, if you need help with marketing just shot me a pm and lets discuss it!

=D

[crazyjack]

Don't lost hope, I'm here to support this project!

Please give me work to promote this project. I will do it for free!

That is the spirit, desperation and oblivion can be put aside. The essence of every successful business is being persistent even if there is a lack of enthusiasm and positive feedback from your customer or business environment. The essence is believing in your work, your product, in longterm view.

[mamichula]

It's the first I've heard of this project. Hearing it the first time I quite didn't understand the goal. Is it a texting like service, file transfer. etc. I'll recheck. But I'm saying is that if the ICO is failing it could be because the concept doesn't really jump out. It seems interesting, just not sure why.

[Korber0]

What happens if you don't raise enough BTC ?

Currently there has been collected nearly 25.5 BTC. Without good marketing achieving 1,333 BTC is nearly impossible. Marketing is everything today, people  at first put packaging before the content, sadly, but that is how the way world runs.

sadly but you are complete right. This is what we are experiencing now.

we do not have a specific target. We only have a limit set. So for example if only 10% of the limit get filled, then all existent ceal-tokens are divided upon the supporters (of this 10%).

Thanks for the response ca333, and sorry for my own delayed acknowledgment. I suppose the main reason I asked this (as a newbie somewhat in crypto development anyway) is that I understood that the initial crowdfund was for release to the developer team. Do the developers not have a specific funding target or minimum needed? Surely they have costs that need to be met. Is there no theoretical minimum for the project to succeed?

Or have I misunderstood this concept of funding completely? =)

I do see a few questions above on the possibility of relaunch or refund so I suppose that does partially answer the question of what happens if not enough is raised. But any other insight you can share is much appreciated.

Thanks in advance for all your help.

Hi buwaytress, if we do not make better progress with the funded amount in the next days we are probably going to relaunch the crowdfund campaign in the next 2-3 weeks together with a layer-4 release and more development progress to present to the supporters. It would not make much sense to harm the ecosystem and potential of this project by distributing the tokens upon just few people. We have been reconsidering this the whole last 2 weeks and came to the conclusion to better do it more well-planned. Our team also thought over the early-adopters bonus, which was redesigned completely for a possible restart.. I hope my answer helps you.

By hook or by crook, we are launching cealNET and will do this as well as in any way possible.

thank you,
ca333

I think that a relaunch without token selling for those who already invested is not a fair way to go with.

If the ICO don't meet the goal I assume a more fair way is to decrease it's goal and distribute only part of the token for initial supporters. Then you built your self a small community + nice amount of money to pay developers to continue their work for few more months + adding PR member to improve marketing. Then few weeks later (once development has progressed + community awareness is higher) make the actual ICO with the rest of the tokens.
This initial ICO should become an early adopters or a pre sale. That way you don't harm those who believed in you before others did, otherwise it is just greedy.

Appreciate your response to that Ceal dev. Thanks and have  great day all

[CyanFox]

Funding situation is bad, far away from your big milestone, 1333 btc. Be realistic op, your project is not worth so much, you need more time to develop more features so people will invest you till you have real product.

[mooccowmoo]

no update ? 

[ca333]

no update ?  

We informed all supporters that we are temporary halting the crowdfund campaign. Each supporters can choose between refund or keeping funds in escrow plus bonus on ico-relaunch. The ico relaunch will take place on release of layer #4 token network. We changed the timeframe to 6 weeks total funding-campaign starting in november (this month). Bonus rewards are:
1 week   33% bonus
1 week   20% bonus
2 weeks 12% bonus
2 weeks regular

*early supporter from round #1 get additional 15% if they keep backup-amount in escrow.


We came to the conclusion that this step is the best for this project and its ecosystem and to proof technical competence on our side.

notice: You can make a deposit to ceal.io anytime - this will still qualify you for stage 1 bonus reward (1/3 more coins).

I think that a relaunch without token selling for those who already invested is not a fair way to go with.

If the ICO don't meet the goal I assume a more fair way is to decrease it's goal and distribute only part of the token for initial supporters. Then you built your self a small community + nice amount of money to pay developers to continue their work for few more months + adding PR member to improve marketing. Then few weeks later (once development has progressed + community awareness is higher) make the actual ICO with the rest of the tokens.
This initial ICO should become an early adopters or a pre sale. That way you don't harm those who believed in you before others did, otherwise it is just greedy.

Appreciate your response to that Ceal dev. Thanks and have  great day all

I fully understand your point. But to distribute 10% of total coin supply upon this small group of people and for the value of the funded amount brings no benefit to the project and marketsituation. We do of course respect the early supporter, who like you say, believed in us from the first moment. This people will get a special reward for this like I did explain in my previous answer to have a exclusive benefit.

thank you,
ca333

[Mallyx]

Hi ca333,

I think you should post about this on your social network

[ca333]

Hi Mallyx, thank you - our social network managers will post all information on twitter and facebook this day. New chinese channel, video and social manager will make introduction too.

Hi ca333,

I think you should post about this on your social network

[mishax1]

Taken from the OP , early supporters get 10% of the tokens, who are those early supporters?

Taken from the last update, who gets the 15% ?

I'm confused..

[kwest]

Taken from the OP , early supporters get 10% of the tokens, who are those early supporters?

Taken from the last update, who gets the 15% ?

I'm confused..

The 10% of all tokens is no longer valid, we realized that it was a bad idea. So the early supporters get a 15% bonus if they remain in escrow. And it's NOT 15% of all tokens, just a bonus. In other words, people that join the new ICO in the first week gets 33% bonus. Early adopters that remain in escrow get 33 + 15 = 48% bonus.