....
Appreciate your time to reply and solve questions and wish you luck in the ico. If you come from marketing you must know how bad it looks to ICO anonymously. Might considere to jump in later if your platform works and you´re proven to be legit.
The main point from our side is that
long-term we believe it is beneficial for both ourselves and investors that we keep a low profile and stay semi-anonymous... We have explained why in the posts I have copied below.
We also believe that the 80% Guaranteed Investor Protection that is build into our immutable Ethereum Smart Contract offers MUCH MORE protection to investors than having some names and faces on a team page does. After all, in the Angel Token ICO the investor remains in control of 80% of the investment and can simply request it back if they are not happy with us as a team, the investments we make, the price of Angel Token on the exchanges or for any other reason up until March 7th 2018.Anyway, we will not dwell any more on this topic and just post some of our previous comments on this here below, but I think this question has been addressed enough times by now!
There has been several question on this now, and I want to comment on the issue of personally identifying the team members, and why we have chosen not to do this, or at least not at this stage.
1. First of all let's clarify that
there have been many successful ICOs and projects launched with anonymous teams, so we are hardly breaking new ground here.
2. As we have said before,
we would like our proposal to speak for itself, and we do not believe that revealing our identities would add any significant value to this proposal.
3. We believe that a person’s name guarantees
nothing, (at least not unless it is a very well-known person within his field), and in the fast-changing and largely unregulated environment in which cryptocurrencies and assets currently exist
we see few benefits for either the investors, or the founders, to fully divulge their identities.You have full access to the team through various channels, including here and on Slack
http://angelinvestors.io/slack. We only use our first names, but you can ask us anything you want, and we will do our best to answer you.
4. For those of you that have invested in other ICOs that pay dividends, (in Ether or otherwise), you should also consider the fact that anything centralized, (
i.e. the people behind the ICO are easy to go after),
is much more likely to be tied up in legal battles and/or have "difficulties" meeting old or new compliance regulations. These legals situations may at times prove to be directly harmful and dangerous, not
only to the founding team members, but also to the investors.
They may also hinder the team from being able to always act in the best interest, (i.e. most profitable) for their token holders.Various governments around the world use force and threat of violence (i.e. prison), often in an almost arbitrary manner. They go after certain companies and people, and sometimes imprison them to "
set an example", even if there are
no victims and no crime has taken place.
When you offer something like an ICO to an almost worldwide audience it is easy to fall foul of some regulation somewhere...
We are doing everything we can to avoid legal trouble of any sort, and to make sure that we don't breach any regulation that we are aware of. That includes not allowing investors from those countries that have made it clear that token sales and ICOs could be considered securities in their jurisdiction to take part in the ICO. However, since new laws and regulations constantly come into place in various parts of the world we feel that staying at least "
semi-anonymous" may give us (and all other Angel Token holders!) another small safeguard for the future.
If were to do
anything truly criminal, like stealing the 20% of the funds we raise during the ICO as "the newbie wodan11" suggested above, our anonymity here
certainly won't protect us from law enforcement. This is more about not making ourselves "the easiest target in the forest"...
ICOs are generally risky, and this one is only slightly different. Yes, we are an anonymous (or
semi-anonymous) team, but we also offer the
80% Guaranteed Investor Protection through our immutable Ethereum smart contract.
This means that an investor basically remains "in control" over 80% of his/her's invested Ether until March 7th 2018, and 40% of the invested Ether until April 26th 2018. At any point during the coming 5 months they can simply initiate an immediate and automatic refund of up to 80% of their investments by simply sending their tokens back to our smart contract from the same address they sent their intial Ether investment.
We believe this offers more protection than almost all other recent ICOs, despite the fact that we are not completely open with our identities.However, we do understand that some people may have wanted to take part in this ICO, but are concerned about our anonymity. We can fully appreciate any such caution and if that is how you feel, we are not trying and persuade to invest in this ICO.
What we suggest is this.Read our white paper,
review our smart contracts on Github and
review the Initial Coin Offering as we have laid it out in the white paper and on our website.
If you believe that our goals are achievable and that we have set-out a sensible and rigorous structure, and that our smart contracts are secure and robust, then join us in our vision for the future of Angel Token and help us create it.
Our smart contract allows you to scrutinize our performance and ensures that you can always recover at any point (until March 7th 2018) 80% of your investment.
Reach out to us and get to know us over on Slack, or ask more questions here.
In the end, if you decide that this is not for you, we understand. Each one has their own criteria for risk and there are zero hard feelings from our side if you don't join us...we promise!
As a team we believe very much in "if it's meant to be and we are good fit it will happen, and if not that's ok too".
We don't try to hard-sell anything we do.
We's rather just point to the opportunity and honestly explain what we can do, and then let people decide if they think we are good fit for them or not.
If you do decide to invest, only invest as much as you can afford.
Yes, you have the
80% Guaranteed Investor Protection, but even so, always stay within your comfort limits when investing in ICOs.
For those of you that DO decide to join us, we very much look forward to seeing you on the inside!
But if early investors will have 690% ROI won't they just then dump their cheaply bought coins on the market to realize a 5X or 6X gain, thus tanking the price as usual?
Yes, it is quite likely that
some early ICO investors will take advantage of the generous bonus structure for the early investors,
purely to flip them for a quick 5x or 6x gain on the exchanges as you suggest.
However, what we don't think you will see is the price tanking as a result of this, (and even if it does we expect that to be short lived).
Let me explain why...Every investor who decides to come on board and invest in this project during the ICO has a Guaranteed Investor Protection that makes it IMPOSSIBLE for them to lose more than 20% of their Ether investment before March 7th, 2018, because they can simply refund instead if they risked losing more from a lower exchange rate price.
Now let's assume a worst-case-scenario.1. A
large investor comes in early to take advantage of the generous bonus and gets
a lot of extra bonus tokens.
Immediately after the ICO is over he goes on to the exchanges and dumps his newly acquired Angel Tokens for a tidy profit of 500% or something similar. 2. As a result the price of Angel Tokens start to drop...
let's assume it drops by 35%.3. Now, as an ICO investor you know for a
FACT that you can at any time, instantly and automatically, get 80% of the your Ether investment back by simply returning your tokens to our smart contract address until March 7th, 2018.
4. Would you rather return your tokens for a refund
with a 20% loss or would you rather sell them on the exchange
with a 35% loss?
We think the answer is obvious! In this sort of situation
it doesn't make ANY SENSE for ICO investors to sell their Angel Tokens on an exchange with a bigger loss than 20%, because
they already HAVE that as a built in guarantee in the smart contract. A guarantee that they can execute it
INSTANTLY and
AUTOMATICALLY themselves, without asking anyone's approval or permission, or checking that there is enough funds in the
Angel Token Central Bank.
80% of their Ether investment is secured in that smart contract, and they can view it themselves on the blockchain at any time to see it is still there, and they can get it back instantly at any point they so desire up until March 7th 2018.So my point is this.
The ICO investors are already PROTECTED from any "tanking" of the price of more than 20%, so the
only time it makes sense for ICO investors to sell their Angel Tokens on an exchange before March 7th, 2018 is to do so
with a profit, not if the price "
tanks" as you suggest.
We are also very interested in seeing how this kind of unique Guaranteed Investor Protection that we offer will affect the price on the exchanges, but
we don't think it will have a negative impact...rather the opposite. If you succeed in hacking or breaking our smart contract you will be rewarded with up to 15 ETH, and we pay out for smaller bugs as well.
Do you also reward for any CVE regarding your web application / server... ?
As I understand, angelinvestors.io want to be anonymous regarding their dev/team... If I found breach that reveal the information of one or more of your team, do you pay for it too ?
Thanks,
Just a point on anonymity though, because I think you may have misunderstood what we mean with it.
We are not trying to "hide" from investors or the public at any cost! We even use our first names when chatting with investors in Slack, on the website or in other places.
We are normal people and we have to provide various kinds of documents like everyone else when we trade on exchanges or open accounts in various places etc.
We are not criminals that are trying to hide from anyone...
That is NOT what our semi-anonymous ICO is all about. I explained this in an earlier post that I will quote from here below a bit. Both our reasoning for this and what levels we go to.
There is a vast difference in trying to hide your identity at any cost from anyone, and flashing your name and credentials, business contacts, home address and other revealing information on a public "Team Page" for any lazy government investigator in any country to see.
