🔥⭐[ANN] WiC|Monetizing WiFi Sharing| ⭐🔥 App Launched! 🔥⭐

[Lambo06]

IMPORTANT:

A lot of users have been messaging us asking to reduce the Token Sale time a little so that their WiC tokens are not locked in for so much time. Some presale participants were under the impression that they will get the tokens after the end of the presale itself but we cannot do that since that will encourage OTC trading and have a negative effect on the Token Sale.

We could reduce the Token Sale time however ending it around the 15th-20th September if that is what the majority of the community wants. Please let us know what you think!

Thanks!

I am ok with speeding things up a bit.
As around 29 mil WiC are left, it would mean that 71 mil  + 29 mil * 0.5 =  84.5 mil WiCs would be distributed.
I know it would be less funding at the start but the sooner the app gets live the better.

But I've read somewhere you had some marketing in the works that would happen during the ICO to attract more investors. (can't find it now) Would that still be in time to reach more investors before an early closure?
And of the tokens you get back (the 50% of unsold) what are your plans for those? Are you going to sell them on the market or keep them for a while and use for the gift cards? I am sure you had a plan for when you would not sell out.

Hey,

So yes we have a press release scheduled to release this week and an article pushed by ICOlert to 14,000+ users today or tomorrow. This will be done even we reduce the Token Sale duration.

We will not be using the unsold tokens for WiC reloadable cards as explained earlier. Will paste that below for convenience sake:

"We will not be buying back WiC or funding the reloadable cards with the 5% which is reserved solely for in-app distribution.
The customer who wants to buy a reloadable card will pay in fiat and the seller of the cards will buy the exact amount of WiC at that moment's price and forward it to the customer. So that means the seller will not have pre-bought WiC but will buy as per the customer demands."

Also, we do not intend to sell the unsold 50% tokens on the market since selling it so early will be not be ideal and we expect the prices to rise much more than what they are now. We will sell only in small quantities and only as and when needed.

Thanks!

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[Stroto]

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Hey,

So yes we have a press release scheduled to release this week and an article pushed by ICOlert to 14,000+ users today or tomorrow. This will be done even we reduce the Token Sale duration.

We will not be using the unsold tokens for WiC reloadable cards as explained earlier. Will paste that below for convenience sake:

"We will not be buying back WiC or funding the reloadable cards with the 5% which is reserved solely for in-app distribution.
The customer who wants to buy a reloadable card will pay in fiat and the seller of the cards will buy the exact amount of WiC at that moment's price and forward it to the customer. So that means the seller will not have pre-bought WiC but will buy as per the customer demands."

Also, we do not intend to sell the unsold 50% tokens on the market since selling it so early will be not be ideal and we expect the prices to rise much more than what they are now. We will sell only in small quantities and only as and when needed.

Thanks!

Given the time for some extra investors that will be reached this week and the fact that a sooner app release is for the better (imo).
I say yes reduce the token sale duration.

[kashish948]

i also vote to reduce the time....

[assa12]

i also vote to reduce the time....

[DreamBusto]

Yup. Please reduce time.

[Pab]

It is very low cap ico,wic is not asking about lot of money,it is disruptive project,poeple who invested in pre-ico invested with promo price,they knew all conditions,wic need money to make that project succesfoul,i think it is best to run ico to max amount of money,looks like some pre-icoinvestors want only dump coin and move other ico.Project succes is succes of all investor.So take care to get max money for project,,now becouse of sell off your ico will slow down

[amacar1]

Just wait till the end of ico (october) and get max amount of money from investors.

[xpzycox]

I also agree that waiting would be best... try to let the ICO sell out. If it doesnt make great movement by say 9/20 perhaps re-evaluate ending early on 9/30 or so.  The earlier it ends the less the price for WiC will be!

Now that ETH market sold out and BTC didnt for stage 1 its confusing, lets let at least the next stages sell out before we consider ending early

[Stroto]

It is very low cap ico,wic is not asking about lot of money,it is disruptive project,poeple who invested in pre-ico invested with promo price,they knew all conditions,wic need money to make that project succesfoul,i think it is best to run ico to max amount of money,looks like some pre-icoinvestors want only dump coin and move other ico.Project succes is succes of all investor.So take care to get max money for project,,now becouse of sell off your ico will slow down

In general I agree with you. My main reason to speed up things is seeing some competitive ico's running and in that case it is best to get the app and network running asap, to grab a huge share of that market.

Besides that, about the money flow, I asked:

~

And of the tokens you get back (the 50% of unsold) what are your plans for those? Are you going to sell them on the market or keep them for a while and use for the gift cards? I am sure you had a plan for when you would not sell out.

~

"We will not be buying back WiC or funding the reloadable cards with the 5% which is reserved solely for in-app distribution.
The customer who wants to buy a reloadable card will pay in fiat and the seller of the cards will buy the exact amount of WiC at that moment's price and forward it to the customer. So that means the seller will not have pre-bought WiC but will buy as per the customer demands."

Also, we do not intend to sell the unsold 50% tokens on the market since selling it so early will be not be ideal and we expect the prices to rise much more than what they are now. We will sell only in small quantities and only as and when needed.

Thanks!

If they hold 50% of the unsold tokens and only sell when needed they might even have a bigger bankroll to pay stuff of. as they expect the prices to rise much more. And who knows, maybe after that ICOlert they get sold out before the end of the shorter period.

[Lambo06]

@Pab @amacar1 @xpzycox

Even we initially wanted to run it for the full length but keep in mind the China ICO news too. Although it is completely irrelevant to us, we are not sure how it might affect Livecoin and how they will react to it.

Most of the contributions usually come during the start and end of the token sale so the in-between period is usually the "slow period". And if we cut short the Token Sale on Livecoin, we also mitigate the China/Livecoin risk (this is nothing major as of now) while not losing a lot since this will as it is be a slow contribution period.

Let us know what you think about it

Thanks!

[EleanorZ]

@Pab @amacar1 @xpzycox

Even we initially wanted to run it for the full length but keep in mind the China ICO news too. Although it is completely irrelevant to us, we are not sure how it might affect Livecoin and how they will react to it.

Most of the contributions usually come during the start and end of the token sale so the in-between period is usually the "slow period". And if we cut short the Token Sale on Livecoin, we also mitigate the China/Livecoin risk (this is nothing major as of now) while not losing a lot since this will as it is be a slow contribution period.

Let us know what you think about it

Thanks!

My worry would be that the markets will be unhappy until the Chinese situation gets formally resolved. At the moment nothing is certain, and it's not clear if only ICOs will be affected or if all crypto trading will be regulated or even prohibited. Ending the ICO in the depths of a bear market could make it harder to generate excitement and trading volume for WiC.

[riskthebiscuit]

i also vote to reduce the time....

Originally I wanted to see this because I felt it would be good for the project. But now with news from China coming out I am undecided on what would be best for this project.

I see both sides of the coin and think I tend to lean with lets hurry this up so we can get to market but that may be missing out on some value with those days left behind.

Truly puzzled on what to do on this one

[xpzycox]

Are the ICOs OFFICALLY banned in china as of this second? Or are they going to ban them? This is actually news to me which I wish I had earlier insight on as I would've converted most to FIAT. Where is livecoin exchange located? Maybe it might be a good thing to end early, maybe not...
I dont know what would be the better option. Going all the way to the 15th or ending early, If I had a solid answer on anything crypto-based I would be a millionaire. I'm sure an official announcement on an early end date might push the sale faster... Maybe on the later end around the 20th versus the 15th.  Need to get a crystal ball..

[kashish948]

it is a tough call.....i personally feel we should get it done early......look at btc-e for example its probably better to get it done earlier after china news.

but im sure u guys will take the best call on this.......whats the opinion on telegram and slack?

[Lambo06]

Are the ICOs OFFICALLY banned in china as of this second?

So far it looks like an immediate ban on all ICOs in China.

[bobq]

Given the circumstances I too think it'd better to reduce the time...

[Lambo06]

it is a tough call.....i personally feel we should get it done early......look at btc-e for example its probably better to get it done earlier after china news.

but im sure u guys will take the best call on this.......whats the opinion on telegram and slack?

Slack:


Telegram Poll 1 (Was mistakenly closed by a user):


Telegram Poll 2:

[Lambo06]

Contribution update of the token sale:

Coins sold:  6,064,127.5
$ value contributed: $109,154.29
ETH/WiC stage 1 sold out
Amount remaining in BTC/WiC stage 1 = 6.0961 BTC

[xpzycox]

How widespread could an early end announcement be placed? I'm thinking it seems like a safe bet at this point...  If the announcement reaches enough people they will sell faster

[Pab]

So look that article about China ban,It is real,done by consulting ,financial co from Shanghai
https://www.kapronasia.com/china-cryptocurrency-research-category/item/894-china-regulation-and-icos.html

Ban is tempoary,Will give regulators time to develop rules,you can be sure other asia country will also set up his rules.About Livecoin,simply ask them,can you  still run your ico

Manegment need to decide,with that money will be hard to hire country,region representative,uber taxi app received 80mln$ from us banks,than 40mln more,some lawyers help can be needed,also cost


Some travels on conferences can be needed,look china need internet for his ecommerce
http://www.campaignasia.com/article/social-media-is-the-future-of-mobile-payments-in-china/439268


You can ask Livecoin to block China ip,and keep that email in your archive,even if livecoin will say no,it will be proof that you did everything to meet china regulation