Good idea, tidy website and thorough replies from the developers on any issues all signal an ICO with high potential.
But personally I don't think it's an important idea within the sphere of developments around blockchain technology and smart contracts. I do wish you much success and will be following the projects very closely. I may even invest. But the product isn't unique or necessary enough for me to intuitively feel as though it will most likely succeed.
Hello and thanks for joining the discussion.
If it is possible, I would really like to hear more about why do you think this is not important in the sphere of developments around blockchain and smart contracts technology. And also, if you know any kind of initiative similar to ours, since you mentioned it is not unique.
Most of the criticisms or concerns we have received so far are related to the platform security and to the difficulty associated with regulation since we are trying to create the first smart contract-based pension fund and the first platform for retirement solutions using smart contracts. We have responded to these concerns explaining our strategy of first creating an unregulated crypto currencies-based retirement fund as a proof of concept while using the funds raised in token sale to address legal issues, and also creating other products that are easier to monetize with less regulation, such as the annuities marketplace, and having security audits and bringing specialists to the development team before publicly releasing the platform.
We have some big challenges ahead: we need tokenized traditional assets, we need to build a safe platform, we need to spend a lot of efforts and resources to operate fully regulated, among other important questions we are already addressing.
However, despite the challenges, I really don't see how this could be irrelevant, trivial or not unique. We see some projects using the Ethereum network just to create their tokens and raise funds through an ICO that are not really exploring the smart contracts potential to address "real world" problems. Of course there are also a lot of very interesting projects developing decentralized apps using Ethereum's potential for transparency and decentralization, and this is what we are trying to do. As you begin to read about pension-related frauds and problems, coupled with the belief that Ethereum technology will be consolidated and used by general public and smart contracts can be recognized as official documents, this project can be seen as a natural step towards pension market evolution.