I have few more questions to ask though.
Very little information are provided on your website as-well in your white paper. It's well explained but it should be added a bit more information. For example the roadmap is too vague, it doesn't provide that many information I would like to know a few more things too.
1. When did the project started? (date)? – May 2017
2. So the token will act as utility token on your platform right? Is that going to be the whole purpose of the token? Correct on the first one, just to add to that, we will also pay a dividend to our token holders, these funds will come from our profits through the investment funds.
3. So besides featuring multiple investment funds that you are going to host and let token holders to profit off it is there going to be any other benefits to all token holders? – Refer to question two.
4. I haven't found any information about partnerships? Any plans on that? Our partnerships at the moment are with Bounty Portals and BullPay. Of course there are plans for more, this is work in progress
5. What would be the total market cap? $34,000,000
6. Are you going to release tokens to all token holders after the crowd-sale ends? Correct, we intend to issue the tokens circa 15th of January.
7. What's the plans for listing your token on exchanging sites such as Bittrex, Cryptopia, Poloniex etc ... We’re actively working on that.
8. Pre-sale starts on October 15th, but when does it ends? It runs until 00:00UTC on the 14th of November.
9. The price during pre-sale will be the same? $0.34 per token? Yes Also 50% discount will be throughout entire pre-sale period? 50% discount for $125k and above invested. 30% for $10-124999k
10. What would be total token supply during pre-sale? Presale cap is 20,000,000
11. Maximum funds raised during pre-sale? – Between $4,000,000-$6,000,000.
12. What would be total token supply during crowd-sale? 50,000,000
13. Maximum funds raised during crowd-sale? - 17,000,000
14. Price per token during crowd-sale will be $0.34 ? - Refer to question 9.
15. When does your pre-sale ends? And what would be the discount during the crowd-sale? – Refer to question 8.
16. I saw that you plan to release the Alpha product on 11/03/2018, do you have any demo at the moment? No demo at the moment. You can see some initial designs here.
https://icobazaar.com/cryptonetix 17. What will happen if you have any tokens left ? Are you going to burn them? – Possibly an SCO
18. I see that you plan to hold 23% of total funds raised, what's the plan, are you trying to lock them? Any vesting? Where you will be allowed to withdraw 5% every month, so that way you will give a little bit of protection towards investors and not dump all the tokens since day 1 of releasing on exchanging sites? – Our strategy is to hold the tokens long term because we want to drive the value of the company up. We’re in it for the long haul.
19. Do you plan to hire more core members in your team? Or maybe find more advisors? – The team we have right now are an exceptional bunch with a lot of experience, we’d like to keep them all. Of course if someone can bring bring something of value to the table we’d certainly explore that avenue. Yes we will be adding team members
20. What does MISC in your fund allocation means? – MISC means miscellaneous, this to account for any unexpected costs, which is normal in any business.
Thank you for your questions, please see responses above.
If you require any further clarification, please don not hesitate to contact us.
