What is the purpose of the adjustment? And how will this help the Investors? And to the people involved in liquidity pool?
Thanks for your valid question.
The purpose of the adjustment is trust building. There were a lot of comments regarding the fact that our previously suggested hard cap that was in the range of $450-990 million was simply too high and unnecessary. Many of our investors were reluctant to invest just because of the huge risk they perceived in this number.
It cost too much for investors to participate in the project and their participation within the project as well as within the Liquidity Pool would be simply to small - percentage-wise - had the original number stayed.
Taking into account the fact that Ether now costs 25% more than what it did just before the start of PRE-ICO, we simply had to listen to our members' and investor's comments.
This now makes for a more 'personal' trading platform and Liquidity Pool.
Can you explain more on "personal" trading platform? So does this mean that every time investors complain about the way you do things you're just gonna adjust with their liking? And every time your members will suggest something, you're sure to comply to their suggestions? Or does this only relates to the ethereum's price? Like what happened now. Will you eventually lower the minimum amount of tokens to join the liquidity pool if people will demand it to be lower? Or will you just lower it if ever eth's price will increase more?
I am suspicious of any company requiring such insane amount to build a software solution unless they are actually building a space craft or its an ico that requires going to the moon to be accomplish its goal
It is wise to be wary and suspicious of any new project really. This is the only way to safeguard yourself and your assets.
In regards to our project, it is not just about a software solution. Where did we give that idea?
It is a whole trading platform - an unrepresented at that. There is a whole ecosystem with hundreds of people behind it.
There are tremendous costs involved to acquire all those licences as well as connections with the global financial industry and a lot of R&D required to proceed with something that was never done before.
Plus, it includes a Liquidity Pool where all participants will be bale to deploy funds found within to fund upcoming projects thus boosting global development.
Keep seeking the truth and it shall be given to you - a wise man said!
Have a great day and thanks for your concern and question.
What is the purpose of the adjustment? And how will this help the Investors? And to the people involved in liquidity pool?
Thanks for your valid question.
The purpose of the adjustment is trust building. There were a lot of comments regarding the fact that our previously suggested hard cap that was in the range of $450-990 million was simply too high and unnecessary. Many of our investors were reluctant to invest just because of the huge risk they perceived in this number.
It cost too much for investors to participate in the project and their participation within the project as well as within the Liquidity Pool would be simply to small - percentage-wise - had the original number stayed.
Taking into account the fact that Ether now costs 25% more than what it did just before the start of PRE-ICO, we simply had to listen to our members' and investor's comments.
This now makes for a more 'personal' trading platform and Liquidity Pool.
Can you explain more on "personal" trading platform? So does this mean that every time investors complain about the way you do things you're just gonna adjust with their liking? And every time your members will suggest something, you're sure to comply to their suggestions? Or does this only relates to the ethereum's price? Like what happened now. Will you eventually lower the minimum amount of tokens to join the liquidity pool if people will demand it to be lower? Or will you just lower it if ever eth's price will increase more?
Again thanks for your question.
We have proceeded with only two adjustments during
PRE-ICO (this is a very early stage with our project still in its infancy):
The price of the token and Liquidity Pool participation requirements based on the market reaction.
If an organisation isn't quick to react and adopt it is doomed to fail. Rest assured that trade.io will not keep changing it's game-plan if there is no valid reason for it.
The reaction we've received from industry experts around the world as well as forum members, the increase in the number of funds flooding in as well as the revision seen in regards to the reviews our project is getting all indicate that the changes made were wise and widely accepted.
