How sure are the team thatthey can gather $2M for the Project to run?
I wiildn't want to wait for weeks for the refund if for instance they won't get the $2M while the refund fee is also worth half th invested amount.
If the project won't raise 1000BTC on the first day like ChronoBank did, I doubt it will hit the target, the valuation of the token is quite high and have seen people comment on this issue also. First day performance is very important
I would like to take this opportunity to discuss the valuation questions regarding Centz that have come up, as valuation is a more complex issue than just saying “such and such is too expensive” or “Devs getting greeding, let the free market decide the price. It won’t trade at that price during the beginning stages.”
We can understand these comments as people have been burned in the past, but each situation is different and should be looked at on a case by case basis.
If the ICO industry is to survive and grow into a real and viable financing option, one that can become a true difference maker in the world of finance, then one must look a lot more closely into the valuation question, understand how these decisions are made and who they ultimately affect.
Company’s such as OpenLedger, that offer deals are totally dependent on the public trust, which is never given lightly, and when broken, is hard to repair. So a symbiotic relationship is created where by the presenting company needs to offer fairly priced deals or they won’t get any of them done, and ultimately be doomed to failure.
In our experience, OpenLedger asked tough questions, were extremely thorough and applied all kinds of different factors to evaluate and value our company. Some of these included previous rounds of investment, the uniqueness of our business model, management/development teams, intellectual property protection, potential to disrupt or fundamentally change a significantly large worldwide business, etc… All the different factors that make up each and every individual deal.
What makes this ICO different from any others are the following. First the Centz coin is convertible into Centz Gold Bucks, which have a real $1 USD value to buy gift cards. Second the Coin will generate interest payments based on revenue. Third, Centz has several other means of generating revenues (take a read of “The Business” on the ICO website).
Someone commented "I agree with you, all this pre-valued tokens, I don't even know how they come up with their valuation. Incent, Golem, SNGLS, Fisrtblood, VSlice all dropped significantly below the ICO price when they hit exchanges and all have fixed ICO price. I like the concept but the valuation is too high for me.”
To lump all of the above companies into one basket is not only naive but also demonstrates a lack of how a valuation process must work - the ability to EVALUATE each deal - thru a due diligence process carefully considering all of the pros and cons of every situation based on their own individual merits.
We have no idea who vetted these other deals and what factors were used to determine any of the value of these businesses, but I do know that NONE of the above companies have any relationship to each other, to Centz’s value proposition or were brought to the market by OpenLedger.
From Centz’s point of view we are not totally “satisfied” with the valuation that OpenLedger placed on us. We view our business as much MORE valuable than the initial ICO price, but understand that maybe a fair deal is one where neither side is not totally content.
Bottom line is that investors have a responsibility to go out and do some of their own leg work to determine the worth of any investment and not rely on blanket statements made by individuals who don’t appear to have done so.
Mr. Swen Swenson
President
Centz, Inc.
