[ANN][ICO] CROM - TRANSPARENCY, TRUST AND LIQUIDITY IN PERFORMANCE MARKETING

[jamzzz123]

Wow... This really strict  mehn... Anyway your minimum investment is 10 Eth, and your minimum token to buy is 1 CROM. Don't you think these are contradicting? Or is 1 CROM = 10 Eth???

Minimum in the pre-sale is 10 ETH with 0.008 ETH per token. The question I answered was about limits in the regular ICO starting December 1st. Hope that clears things up.

That clears up my concerns too
 Thanks for the clarification CROM team. So your target for presale is really the big investors. Increasing ETH price will have some effects on this sale. Do you have any plan B in that case?

What happens if ETH keeps rising and investors start to hold their coins because they dont want to miss out in ETH?

Yea. This is a good observation. With the current rise in price of ETH, it might likely raise up an issue. When ETHEREUM now worth way more than what it worth when you started your project planning, 10eth might not be that easy for investors to let go.  I really hope you guys have put this into consideration and have a way out?? If you do have, I would love to hear it if you care to share.

Thats my concern too. Why CROM is setting its price in ETH? Rather they can set price in USD and convert to ETH on the day of buying right? In that sense people wont avoid CROM completely. May be thats risk for CROM if ETH crashes. May be some reason for not considering this option?

I have been thinking about this, but correct me if I'm wrong.

With the massive recent peak of ETH this offers great value at the moment, it is very possible it could have a big correction.

With this in mind, wont ETH investors want to cash in on there high value ETH at this moment for CROM before it starts correcting(maybe).

[BaliScript]

In case of a possible upcoming correction, I can see that people would want to invest their ETH. But Ive got a feeling that the correction wont come any time soon

[cryptossi]

Will there be a public ICO fund raiser counter?
I think it helps when it's transparent and you can see how much is raised throughout the ICO campaign.

I would also like a Raiser Counter. On the one hand, because I'm curious. On the other hand, it helps a little bit to decide if I should invest too

I will raise this to the rest of the team, thank you for the suggestion.

Awesome news I really hope this is implemented to the website soon, I've seen it used by a lot of different projects and it has a positive effect.

I agree with jamz and fauler it would be nice to see how well the ICO is doing and it would be good to check how much ETH has been raised and how much CROM has been sold.

It does offer a lot of transparency for investors and it helps potential investors to make a decision because they believe that CROM is very trustworthy and it will be a good project to invest in.

Complete agreement, cryptossi.
And I think it's great that someone from the team reads so eagerly and shares our suggestions. Motivated to continue thinking

Yeah its great that msCROM gets involved, I know theres a lot of other people in the team but it's nice to have at least one person dedicated to moderating and monitoring the BCT Threads.

Looking through people's posts on this thread and the bounty one, I think there has been some really good suggestions and I hope the team are taking the recommendations on board.

Mainly I would like to see:

- Videos promoting the project (YouTube channel favourably)
- Live Counter on the website for ICO to check donations/contributions
- Facebook/Twitter Adverts (I haven't seen ad's on any social media or popular crypto websites for CROM)
- Updates on potential exchange listings (needs to be done early)
- More information about lending (potentially a new page on website)

I do like what the team are doing and you can tell they're working hard on getting new partners and closing some long term deals.

[alterseny93]

The growth of the ethereum is reminiscent of the story with the growth of bitcoins)) Investors do not want to participate in the ICO because it is less profitable. Maybe you need to add an opportunity to buy tokens for bitcoins?

[ganeshramk]

The growth of the ethereum is reminiscent of the story with the growth of bitcoins)) Investors do not want to participate in the ICO because it is less profitable. Maybe you need to add an opportunity to buy tokens for bitcoins?

I like this idea of introducing other currencies for buying CROM tokens. not only BTC but also some others like LTC, DASH, BCH, etc.. Also fiat currencies should be part of it. Then there is a possibility of getting more investors. Looking forward to hear from CROM team about their views. may be CROM tokens should be fixed in USD and convert based on the time of investment. This could be the ideal situation.

[BERMUDAL]

The growth of the ethereum is reminiscent of the story with the growth of bitcoins)) Investors do not want to participate in the ICO because it is less profitable. Maybe you need to add an opportunity to buy tokens for bitcoins?

I like this idea of introducing other currencies for buying CROM tokens. not only BTC but also some others like LTC, DASH, BCH, etc.. Also fiat currencies should be part of it. Then there is a possibility of getting more investors. Looking forward to hear from CROM team about their views. may be CROM tokens should be fixed in USD and convert based on the time of investment. This could be the ideal situation.

well i kinda get why the only accept ethereum. It's just more easy to maintain one wallet, the more different currency's you accept, the more work it is to maintain them. However, i would love to see them accept fiat currency at the ICO + very agressive marketing on social media. fiat currency makes entry barriere very low and social media makes it well known to those persons.

[jamzzz123]

The growth of the ethereum is reminiscent of the story with the growth of bitcoins)) Investors do not want to participate in the ICO because it is less profitable. Maybe you need to add an opportunity to buy tokens for bitcoins?

I like this idea of introducing other currencies for buying CROM tokens. not only BTC but also some others like LTC, DASH, BCH, etc.. Also fiat currencies should be part of it. Then there is a possibility of getting more investors. Looking forward to hear from CROM team about their views. may be CROM tokens should be fixed in USD and convert based on the time of investment. This could be the ideal situation.

This is a brilliant idea, I think this will most definetly pull in more investors who don't want to lose there ETH investment as there is potential that will generate more profits.

I think this will 100% increase the volume of ICO investors.

Somthing to consider CROM 

[cryptossi]

The growth of the ethereum is reminiscent of the story with the growth of bitcoins)) Investors do not want to participate in the ICO because it is less profitable. Maybe you need to add an opportunity to buy tokens for bitcoins?

Yeah I like the idea of using either BTC, ETH or LTC to purchase CROM during the ICO.

I don't really get these comments about using Fiat currencies to purchase it though... this means you could have people signing up and purchasing $3 worth of CROM, it's a bit pointless.

When other projects allow you to purchase tokens in Fiat it feels like a bit of a scam or a get rich quick scheme for the project owners.

I wouldn't personally want people to do that. Buy some BTC, LTC or ETH and then buy CROM, that would be the best way.

[2taps]

This ico is really one of the most reliable ico's right now and i think that CROM will have a bright future ahead.

[faulerwilli]

Hello msCrom, is the current increase in Ethereum affecting the ICO? Do you now have more investors, since you get more Crom for 1 ETH or is the opposite the case, because ETH holders see more success as the ETH course goes up?

[alterseny93]

The growth of the ethereum is reminiscent of the story with the growth of bitcoins)) Investors do not want to participate in the ICO because it is less profitable. Maybe you need to add an opportunity to buy tokens for bitcoins?

I like this idea of introducing other currencies for buying CROM tokens. not only BTC but also some others like LTC, DASH, BCH, etc.. Also fiat currencies should be part of it. Then there is a possibility of getting more investors. Looking forward to hear from CROM team about their views. may be CROM tokens should be fixed in USD and convert based on the time of investment. This could be the ideal situation.

In order to connect fiat to buy tokens you need to try very hard. I understand that there are some problems with the legality of buying tokens through fiat.

[BERMUDAL]

The growth of the ethereum is reminiscent of the story with the growth of bitcoins)) Investors do not want to participate in the ICO because it is less profitable. Maybe you need to add an opportunity to buy tokens for bitcoins?

Yeah I like the idea of using either BTC, ETH or LTC to purchase CROM during the ICO.

I don't really get these comments about using Fiat currencies to purchase it though... this means you could have people signing up and purchasing $3 worth of CROM, it's a bit pointless.

When other projects allow you to purchase tokens in Fiat it feels like a bit of a scam or a get rich quick scheme for the project owners.

I wouldn't personally want people to do that. Buy some BTC, LTC or ETH and then buy CROM, that would be the best way.

You simply put a minimum of 20 USD, not that hard.

And you are right most other platforms that offer the fiat option identify themselves with a get rich quick scheme. Do you know why they offer the fiat option? Mass-adoption. Cryptocurrency is wayyyyyy too complicated for the average person. For now it is alot of effort to get into crypto.. The best option is to offer a fiat option which they are familiar with.

Why do you think all those shitcoins still manage to get alot of funding? Fiat option! there is a huge market there which is barely tapped by legitimate projects due to ignorance like you just portrayed..  (i don't want those kind of persons / shitcoins do that so it must be avoided etc)

[cryptossi]

The growth of the ethereum is reminiscent of the story with the growth of bitcoins)) Investors do not want to participate in the ICO because it is less profitable. Maybe you need to add an opportunity to buy tokens for bitcoins?

Yeah I like the idea of using either BTC, ETH or LTC to purchase CROM during the ICO.

I don't really get these comments about using Fiat currencies to purchase it though... this means you could have people signing up and purchasing $3 worth of CROM, it's a bit pointless.

When other projects allow you to purchase tokens in Fiat it feels like a bit of a scam or a get rich quick scheme for the project owners.

I wouldn't personally want people to do that. Buy some BTC, LTC or ETH and then buy CROM, that would be the best way.

You simply put a minimum of 20 USD, not that hard.

And you are right most other platforms that offer the fiat option identify themselves with a get rich quick scheme. Do you know why they offer the fiat option? Mass-adoption. Cryptocurrency is wayyyyyy too complicated for the average person. For now it is alot of effort to get into crypto.. The best option is to offer a fiat option which they are familiar with.

Why do you think all those shitcoins still manage to get alot of funding? Fiat option! there is a huge market there which is barely tapped by legitimate projects due to ignorance like you just portrayed..  (i don't want those kind of persons / shitcoins do that so it must be avoided etc)

Thats why they're shit coins because they're sold to noobs who have no knowledge of crypto, like yourself. It's not hard to buy ETH/BTC I can show you some places if you're struggling.

[BaliScript]

Is it also possible to invest with fiat and bitcoin, or can you only participate in token sales with ETH?

[jamzzz123]

Is it also possible to invest with fiat and bitcoin, or can you only participate in token sales with ETH?

Looks like you can only invest in ETH, however from the comments above - maybe we can forward the suggestion to the CROM team and maybe they will accept other currencies.

I think it will definitely increase the audience/investors, as some people wont want to cash in there ETH espically as the market is on a nice upward trend.

[phantam]

I think a lot of people jumping into crypto get confused between the whole token vs coin debacle. People still think Eth = Btc but in reality etherium isn't made to be used like bitcoin, i've been trying to explain to my friends and family that Etherium is basically just the platform for all these coins like CROM, it's there for handling transactions and transaction fees. Etherium doesn't advertise or look to get accepted at stores like bitcoin does. The advertising part and growing the community is up to coins like CROM. The people i've managed to get through understand and see how much potential etherium has.

CROM for instance has every interest to spread itself and advertise everywhere i can to help it's network grow which will help to grow etherium.

The downside is that it makes the whole "where do i buy X coin" harder to explain as you end up needing to explain they have to have etherium AND a token to really take advantage of the platform.

[phantam]

Wow... This really strict  mehn... Anyway your minimum investment is 10 Eth, and your minimum token to buy is 1 CROM. Don't you think these are contradicting? Or is 1 CROM = 10 Eth???

Minimum in the pre-sale is 10 ETH with 0.008 ETH per token. The question I answered was about limits in the regular ICO starting December 1st. Hope that clears things up.

That clears up my concerns too
 Thanks for the clarification CROM team. So your target for presale is really the big investors. Increasing ETH price will have some effects on this sale. Do you have any plan B in that case?

What happens if ETH keeps rising and investors start to hold their coins because they dont want to miss out in ETH?

Yea. This is a good observation. With the current rise in price of ETH, it might likely raise up an issue. When ETHEREUM now worth way more than what it worth when you started your project planning, 10eth might not be that easy for investors to let go.  I really hope you guys have put this into consideration and have a way out?? If you do have, I would love to hear it if you care to share.

This is one of my main concerns when ICO prices are set in ETH instead of USD/EUR, as during the course of the ICO prices could drastically change, i mean its more controlled on Ethereum at the moment expectations are up to 25% before December, so a 25% higher cost price on crom might be a concern, but if you look at dash and bitcoin, the jumps are much more extreme even lately.

And on the flipside what happens if the floor falls out from the ethereum value, suddenly eth is worth 40$ instead of 400$ and because of that the ico is worth much less than when it was started.

[rathaha10]

Will there be a public ICO fund raiser counter?
I think it helps when it's transparent and you can see how much is raised throughout the ICO campaign.

I would also like a Raiser Counter. On the one hand, because I'm curious. On the other hand, it helps a little bit to decide if I should invest too

I will raise this to the rest of the team, thank you for the suggestion.

Awesome news I really hope this is implemented to the website soon, I've seen it used by a lot of different projects and it has a positive effect.

I agree with jamz and fauler it would be nice to see how well the ICO is doing and it would be good to check how much ETH has been raised and how much CROM has been sold.

It does offer a lot of transparency for investors and it helps potential investors to make a decision because they believe that CROM is very trustworthy and it will be a good project to invest in.

Finally, you can find in my older post that i was asking for this also. If Crom does add this feature really they would be one step further to make their site very professional. Its good to see how much they have collected and it will give information for investors.

[Ares0211]

I think a lot of people jumping into crypto get confused between the whole token vs coin debacle. People still think Eth = Btc but in reality etherium isn't made to be used like bitcoin, i've been trying to explain to my friends and family that Etherium is basically just the platform for all these coins like CROM, it's there for handling transactions and transaction fees. Etherium doesn't advertise or look to get accepted at stores like bitcoin does. The advertising part and growing the community is up to coins like CROM. The people i've managed to get through understand and see how much potential etherium has.

CROM for instance has every interest to spread itself and advertise everywhere i can to help it's network grow which will help to grow etherium.

The downside is that it makes the whole "where do i buy X coin" harder to explain as you end up needing to explain they have to have etherium AND a token to really take advantage of the platform.

I for myself think, that its good that not everyone could easily buy tokens. You need a bit of experience with the hole Crypto thing. If everyone could buy Ico tokens, we would have hundreds more shitcoins

[faulerwilli]

Why should they be interested in Fiat? Guess as soon as cash is involved, grab various regulations and rules of the central banks which one does not have in the realm of crypto currencies