I gotta say, this sure looks like an awesome project
I do, however, have 6 general questions that I'd just love to hear explained as I have a hard time grasping them:
1. Having done a little bit of browsing I couldn't really find any clear info on how you run your operational costs: I'm assuming that you have offices to rent, servers to upkeep and wages to pay (and money-counting machines for all that sweet ICO dosh xoxo) - how much does it all cost on a monthly basis anyway? Nor did I manage to see any sources of operational revenue - I just don't quite understand what and to whom you are going to sell (apart from the tokens in the initial offering). Also I don't think I quite get the part about your predictors remuneration - what and how are they getting paid? how many are getting paid?
2. What exactly do you need blockchain technology for? Wouldn't it all be easier to run normally without adding a new layer of tech? What part of the project is actually connected to the blockchain - what sort of info is stored on it, who runs the nodes, what is the blockchain consensus mechanism?
3. How are you going to sell your products to institutional investors? Didn't the reject your early offers? How did the introduction of CND tokens make it more appealing to them, especially once the forecaster fees kick in?
4. To my understanding, Cindicator wants to play a major role in both the CND token exchange as well as being a major CND holder. Key CND project entities also rely on CND for remuneration - this certainly lends pressure for the CND token to go upwards, yet the customers might not feel like it's a good thing. How is the CND market going to find a stable equilibrium?
5. Your Russian WP has a pretty weird clause on p. 13 where it says that you reserve the right to change any and all clauses of the present agreement... Is that a typo? As an investor, I would be bummed about changes to the tokens I bought after already having bought them.
6. I believe it was mentioned somewhere that you set up a company in Gibraltar for the actual fundraising part. How is the Cindicator project related to the Gibraltar company: are you in any way officially affiliated? Are the project's key figures in any way affiliated with the company? How are the the token funds declared in their legal space and to what tax authorities does the Gibraltar company report to?
Very excited to be a part of this!
1. Can't disclose it now, but we are a frugal startup
2. Cindicator needs blockchain to create its own ecosystem.
- Cindicator tokens are ERC-20 compatible tokens distributed on the Ethereum blockchain (edited)
- We are engaged in the analysis of blockchain and crypto markets.
- Our tokens are infrastructure tokens that create the internal economy of our ecosystem.
Decentralization make relationship between forecasters, traders and data scientists more transparent. It also makes it possible for us to create the type of distribution system which is impossible for centralized systems
3. We will sell our products through CND tokens. Client should buy tokens on exchanges to pay for out products.
4. >as well as being a major CND holder - why you think so?
>yet the customers might not feel like it's a good thing. - sure if the prices in CND will be too high - we will adjust them to boost the demand
5. That's not the typo - crypto market isn't stable for now (check China news this and last week for example) - that's why we can't garantee anything
6. THE SALE OF CND TOKENS CONSTITUTES THE SALE OF A LEGAL SOFTWARE PRODUCT UNDER GIBRALTAR LAW. THIS PRODUCT SALE IS CONDUCTED BY CINDICATOR LTD (GIBRALTAR), A GIBRALTAR COMPANY, OPERATING UNDER GIBRALTAR LAW.
BTW, useful links:
