Stefan Lockowandt ICO team member replied on 13 Aug 2018

Dear Steve,Thank you for your honest feedback! We will and already have used it to further improve our presentation and communication. We are glad to hear that you like the idea of the MADANA project. Therefore, we took some time to clarify possible misunderstandings by providing a more detailed explanation.The Name MADANAMADANA is short for “Market for Data Analysis” which is the core of what we are building. We think it is well-chosen, recognizable and has the potential for great branding. But of course, we cannot fit the taste of everyone.The PAX token modelLet us talk about our token model briefly. Out of a maximum total supply of 100 Mio. PAX token, 10 Mio. PAX token are sold to seed investors, 15 Mio. PAX token will be sold in the Pre-Sale and 30 Mio. PAX token will be sold in the Main Sale. The PAX token Pre-Sale price for 1 PAX = 0.5 € and the Main Sale price is 1 PAX = 1 €. The result is a hard cap of 37.5 Mio. €. As stated on the website. Maybe you missed the different price for the Main Sale and that the PAX token for seed investors are not sold in the Pre-Sale nor in the Main Sale.Furthermore, we will publish a token paper this month.Our new website provides an overview of the project and explains more than just the tokenomics. We know, this is very important for investors, but ultimately it is about our idea, its real-world application, and use-cases. This is why we have a slightly different focus than the ICO investment website from many other projects. We streamlined the user flow, but obviously, it is not the traditional one-pager, it is more. Therefore, we explain our project, its ecosystem, and our business idea, and do not only show only the information about the token sale. There is a real project behind it. The ICO timeline is displayed on the tokenomics page as well as in future milestones in the roadmap.The MADANA teamThe MADANA team consists of early crypto believers and enthusiasts who promote the blockchain technology for more than five years. Here are some examples: Our CEO Christian began his crypto career began in 2013 co-founded the Bitcoin meetup in Aachen, worked in Business Development for various blockchain projects and was involved in the founding process of Lisk.For the last 8 years, our CTO J.-Fabian Wenisch worked in the German automotive industry as IT System and Software Engineer and developed a secure transmission system (OFTP) which is used by 3,000 commercial customers worldwide. His love for Blockchain began with GPU mining over four years ago and he is highly experienced in this fields.Eugen Salkutzan is our community manager. He registered at Bitcointalk forum in early 2013 (https://bitcointalk.org/index.php?action=profile;u=97355).As with every promising project, the members should have gained experience in the field, by working in similar fields on different projects. Exactly this is what our team members did. MADANA itself emerged from one of these previous projects of the Co-Founders called DigiClothes Technologies. Though DigiClothes is on hold and all MADANA team members work full-time for MADANA. We will clean up this entry in our LinkedIn profiles soon.Further, our team consists of several nationalities and a wide variety of skills. Our nationalities currently cover German, English, Spanish, Russian, Moldavian, Chinese and Congolese. For a more efficient and effective working process, we moved earlier this year to Berlin, one of the greatest Blockchain and Tech Startup hubs in Europe. Also, this gives us the possibility to work closer together with Lisk.We strongly believe that we are a great team, that is able to realize the vision we created together and make MADANA a successful German company.AdvisorsWe are considering to get a fitting ICO advisor on-board soon. Actually, we are doing this for quite a while to avoid advisors that are just a face for the website. We want them to be actually beneficial for what we do – even after the ICO since we are in close and regular contact with all of our advisors.ProductRegarding our product, I do not know if you had a look at our whitepaper but there are a lot of your questions answered. There you can find a precise description of the technical aspects of our project as well as the storage, handling, and processing of the data. Furthermore, we have submitted a patent for our system.The access to corporates, we realize with our scaling strategy: We want to grow MADANA to become a viable business. We are building a business network with the help of our advisors and will build a pilot project in collaboration with leading consulting companies with which we are partnering. After showcasing the MADANA platform, industry partners will be able to solve real-world problems. As the last and biggest step, MADANA will be opened to the public. Consumers, App developers, and service providers will be able to take advantage of our privacy-preserving data analysis.I hope we were able to give you a deeper insight into MADANA and clarify some misunderstandings. If you have further questions or recommendations, we would love to hear from you. Just contact us via Email at [email protected] Best,the MADANA team