@ Oxycoin Team
A few questions.
Q1: What gives the OxyCoin token value over time? I understand the use case for OxyCoin is real but aren't people going to be buying cryptocurrencies directly with Fiat. What am i missing here. Genuine question
Q2: How come an escrow agent isn't being used? What are the reasons for this. Thanks
Q3: (Last question). This question might be a bit advanced, but when will the PR/Marketing campaign start approx? Q2/Q3 2018?
Looking forward to your answers. Cheers
Guys, come on you have a potential investor here with simple questions requiring some answers. Why does another guy who posted days after me get his answer first? Would appreciate some attentiveness. Thanks
Hi Reija,
I apologise for the delay in getting answers to your questions but as you can imagine the devs are busy in the run up to the ICO launch on 1st September.
however I can now pass on their replies to your questions
Q1: What gives the OxyCoin token value over time? I understand the use case for OxyCoin is real but aren't people going to be buying cryptocurrencies directly with Fiat. What am i missing here. Genuine question
1. We want people to only need our Oxy App. Buy, send and receive any of the supported cryptocurrencies and read all the important information there is about the coins and their plans from respectable sources. OXY itself is needed for registering your username (as every blockchain transaction needs some coins to secure the network), it will be used to invest in future projects like our Enhanced Mobile SDK - which will enable developers without blockchain knowledge to easily build a DAPP that can work with mobile applications and therefore let our community grow even more - and other options we will discuss with the Early Investors as they will be part of the decision-making at Oxycoin.
Q2: How come an escrow agent isn't being used? What are the reasons for this. Thanks
2. When a new coin - without any information about the founders - sets up an ICO, I too think its wise to have an escrow in place but we’re very transparent in who we are, where we live and what we are going to do for the crypto community. We have a good reputation in several coins and that’s not only for being around a long time. When we look at the already raised funds, I think we’re trustworthy enough already. If not, we can always ask Mike from Ark (one of the Co-Founders) to be our escrow. He already offered to help with this if it is required.
Q3: (Last question). This question might be a bit advanced, but when will the PR/Marketing campaign start approx? Q2/Q3 2018?
3. The world is ready for an app like ours. The marketing team will start their marketing strategy when the ICO ends and we have collected enough funds to start our project. When the first version of our app is finished, we will try to get as many top coins available in our mobile app as possible, have the contracts ready with third-parties and be sure our legal position is covered. Most of the Marketing work will happen at the same time
as we prepare for the big launch. No date is set yet, let’s take it one step at a time. First the ICO, then the version 1 app.
