🌲🌲[ANN] RootProject - Restructure Capitalism [pre-ICO live]🌲🌲

[adsjohn]

The developer is a big beauty, and I think it's fun to follow this project, waiting for ICO

[rauderce]

Keep it up! Pre ICO amount hit even in market turmoil. Good project backed with sound points

[chickenpie]

Awesome! So happy to see the goal being reached. This will motivate more welfare projects!

[Jack Liver]

passed 122% goal and the community is growing and growing, congrats !

[imtiazmahmood]

very promising rootproject and most active slack support for investors and supporters i never seen like this slack service.

[df2k5]

Unique economics approach - Non-profit feedback loop - to disrupt other alt coins. Tax subsidized and non-profit to help poverty at the same time. Easy to get behind. Strong team with both solid startup and academic backgrounds.  If these guys follow through with their non-profit initiatives and show solid results. Their valuation will sky rocket as they will be the first alt coin to tap into the massive non-profit charity sector.

[VirtualCloudMining]

The pre-ICO is now going to run until friday 28th of july with no hardcap of $300k. What are the new dates for the ICO?

Quote from slack:

"
Nicholas Judge:

- We will accelerate the release of the tokens relative to the ICO.  So, this delay will only push the release of the tokens back 4-5 days from the originally promised date.  (pushing the ICO back a bit less than 4 weeks, but the token release date up three weeks, relative to the ICO end date). 

- We will remove the hard cap of $300k.  If donations accelerate too much, we will close it down, as we don't want to let a market-significant share of tokens be awared with a 50% premium.  We want to have the time and resources to have a truly world-class ICO. 

- We're going to keep working just as hard at it.

- We will begin major development projects and more hiring now, not at the end of the pre-ICO.  We've got some surprises in store when it comes to the MVP and its release date, relative to the ICO :slightly_smiling_face: :slightly_smiling_face: :slightly_smiling_face:

- Let's have an open discussion about this in our community:  If anyone has any points they'd like to discuss please let us know.
"

https://rootstoken.slack.com/archives/C64FZQ68H/p1500351303175663

[TonTon]

Hey everyone, A BIG announcement.  Thanks for all your incredible help during the past ten days!  We met our goal, in really, really difficult market conditions.  We're so proud of the team that's come together and all we've accomplished.  Together,

- We've raised 122% of our goal, with a mean contribution of just 3.75 ether.  
- We've translated our material into a large number of languages
- We've built a 720 person community here on Slack, making our first hires and brought some really dedicated volunteers together with incredible bounty campaigners.
- We've generated interest among some very big names and powerful players
- We've refined our message and learned from one another.

Anton, Chris and I are proud of our role in that, as well.  But, we made one big mistake:  In trying to adhere to the lessons Chris and I have learned the hard way from our tech start ups (release early, go fast, iterate) we underestimated the necessary time lag involved when organizing a campaign.  We knew from shopping around the whitepaper that we had a powerful idea that a community could rally around.  But we went TOO fast.  You guys probably recall last Wednesday, the lull from the first excitement but the day before we got our material up on some listing sites, and started communicating our ideas better to the public.  That made Thursday, Friday and today all the better.  But we still were left with only three business days with this organization fully up and running.  

It seems almost absurd to get such a team up and running and then use it fully for just three weekdays, only to pause until the ICO.  So, Chris, Anton and I talked about it, and we've decided to extend the pre-ICO until the following Friday, the 28th.  The team is in place, the work is being done, and why stop?  Learning from our mistake - and concerned about BIP 148 - we're also pushing the ICO itself back to Tuesday, September 5th, the day after Labor Day.  

Important things to know:  
- We will accelerate the release of the tokens relative to the ICO.  So, this delay will only push the release of the tokens back 4-5 days from the originally promised date.  (pushing the ICO back a bit less than 4 weeks, but the token release date up three weeks, relative to the ICO end date).  
- We will remove the hard cap of $300k.  If donations accelerate too much, we will close it down, as we don't want to let a market-significant share of tokens be awared with a 50% premium.  We want to have the time and resources to have a truly world-class ICO.  
- We're going to keep working just as hard at it.
- We will begin major development projects and more hiring now, not at the end of the pre-ICO.  We've got some surprises in store when it comes to the MVP and its release date, relative to the ICO
- Let's have an open discussion about this in our community:  If anyone has any points they'd like to discuss please let us know.  

Thanks for your support.  It seems surreal to say this team didn't even exist the Thursday before last.  What we've done in ten days is incredible.  I'm as excited for the next few months as any time in my life!

Regards,
Nick (and Anton, Chris, Ashley, Zac and Alex)

[bitbytes]

I'm so glad this project will definitely go forward now. The world needs people to care for our future by caring for each other. Anything that helps make that happen can change the world.

[Guerrix]

Just hope you guys keep thiss safe. Didnt enjoyed the hack story...

[lsgnaija]

Root project will eradicate poverty across the globe
Legitimate project with outstanding staff that is capable of taking it to higher level

[TonTon]

Just hope you guys keep thiss safe. Didnt enjoyed the hack story...

Guerrix, security is our top concern. The smart contract for the main ICO will be fully audited, and the address will be published on RootProject hours before the main ICO start.

Regards,
Anton

[chickenpie]

We'll have to invest and wait to see the real life impact. Seems interesting, but how much it would actually impact poverty remains to be seen.

[Kishan748]

Root Project will surely a game changer in the future. Roottoken is rewarding for all 3 stake holders
Donors
Investors
And Labours

[riyaz22]

Hey everyone, A BIG announcement.  Thanks for all your incredible help during the past ten days!  We met our goal, in really, really difficult market conditions.  We're so proud of the team that's come together and all we've accomplished.  Together,

- We've raised 122% of our goal, with a mean contribution of just 3.75 ether.  
- We've translated our material into a large number of languages
- We've built a 720 person community here on Slack, making our first hires and brought some really dedicated volunteers together with incredible bounty campaigners.
- We've generated interest among some very big names and powerful players
- We've refined our message and learned from one another.

Anton, Chris and I are proud of our role in that, as well.  But, we made one big mistake:  In trying to adhere to the lessons Chris and I have learned the hard way from our tech start ups (release early, go fast, iterate) we underestimated the necessary time lag involved when organizing a campaign.  We knew from shopping around the whitepaper that we had a powerful idea that a community could rally around.  But we went TOO fast.  You guys probably recall last Wednesday, the lull from the first excitement but the day before we got our material up on some listing sites, and started communicating our ideas better to the public.  That made Thursday, Friday and today all the better.  But we still were left with only three business days with this organization fully up and running.  

It seems almost absurd to get such a team up and running and then use it fully for just three weekdays, only to pause until the ICO.  So, Chris, Anton and I talked about it, and we've decided to extend the pre-ICO until the following Friday, the 28th.  The team is in place, the work is being done, and why stop?  Learning from our mistake - and concerned about BIP 148 - we're also pushing the ICO itself back to Tuesday, September 5th, the day after Labor Day.  

Important things to know:  
- We will accelerate the release of the tokens relative to the ICO.  So, this delay will only push the release of the tokens back 4-5 days from the originally promised date.  (pushing the ICO back a bit less than 4 weeks, but the token release date up three weeks, relative to the ICO end date).  
- We will remove the hard cap of $300k.  If donations accelerate too much, we will close it down, as we don't want to let a market-significant share of tokens be awared with a 50% premium.  We want to have the time and resources to have a truly world-class ICO.  
- We're going to keep working just as hard at it.
- We will begin major development projects and more hiring now, not at the end of the pre-ICO.  We've got some surprises in store when it comes to the MVP and its release date, relative to the ICO
- Let's have an open discussion about this in our community:  If anyone has any points they'd like to discuss please let us know.  

Thanks for your support.  It seems surreal to say this team didn't even exist the Thursday before last.  What we've done in ten days is incredible.  I'm as excited for the next few months as any time in my life!

Regards,
Nick (and Anton, Chris, Ashley, Zac and Alex)

Best of luck to your rest of the project campaign.I appreciate support and hope we have more good surprise s coming.

[Pgr79]

Root Project is definitly on the launch pad ....
and the countdown has begun! I wish you good luck 

[bubblebubble]

How many roots will be issued?

[YouShallNotPass]

This project seems to be going so well. I am getting interested on what might come for us in the future. Good luck devs. Keep up the good work. You've done so much for this project and hoping it will paid of with a huge success 

[bubblebubble]

How many time you wait to close the crowdsale?

[sego_jagung]

 grats RootProject team!