Our public sale will run from December 11 until January 14, 2018.
extend ICO for few months? Its madness!! If you cant raise money in one or 2 weeks, you cant raise in half of year.
You was must launch public prototype in this year, and now you extented ICO till next year?
Hi Magisterr,
We had to extend the dates for various reasons based on the current market conditions. One of the main drivers was the Bitcoin Segwit2x fork which was at the time (prior to its cancellation) compelling most of the accredited/institutional investors who we had verbal commitments from to hold their existing crypto positions. With the fork out of the way, there is more liquidity now in the market and are now back in the conversation with these potential investors. It's also quite obvious that the ICO market is not the same as it was back in the summer so it's taking us longer than expected to close on presale contributors. This additional time also gives us the ability to continue to go out there and promote our project. We are in Singapore this week at the Singapore Fintech Festival and are speaking at the North America Blockchain Expo in Silicon Valley at the end of the month.
Additionally, due to current environment, the feedback from the general community was that we had to revisit our terms and scale back our token supply, hard cap and minimum buy-in amount which we have done.
The public sale now begins December 11th. If we had kept the same duration, the tail end of the sale would've overlapped with Christmas and the holiday season. We thought it would make sense to extend it 2 weeks past January should there be contributors who were away for the holidays or didn't have access to a computer during the sale period.
I hope this answers your questions/concerns.
Nick