15% weight

1. Soft cap 100,000 USD

Hard cap 6,000,000 USD



→ US$100,000 is enough to get started? What's the runway?



2. Milestones → Is the MVP ready? If not, the Q3-4 seems unrealistic?



3. Team → Is too lean to develop the full scale product?



Willing to revise rating if team responds.



All the best!



~~~~~~~~~~~

Utku kerem Gulcek

ICO team member replied on 20 Feb 2019

Dear Clemen,



Thank you for sharing your thoughts and considerations!

Let me respond to them.



As for your first point regarding soft cap, our business model or start-up is not based on our token sale or its price. We are running an equity seed round at the moment at Seedrs which will start-up the business. On the other hand, soft cap of our token sale completely covers a year long development, maintenance and marketing costs.



We have our MVP alpha version out on Google Play store and App Store. We have already over 15k users who downloaded the app and signed up for the waiting list. Our product is rather a business which gathers proven technologies together to offer more efficient versions of the selected traditional banking and cryptocurrency services to the users. Most of the development will be in the shape of integration rather than blockchain development. Therefore, we believe the given targets are realistic.



Our background as a team is more on business side rather than technology. We believe most vital part of a cryptocurrency related business is to have a robust business model which is bear market resistant and independent of the token price. In addition, team needs to have a business management perspective in order to sustain the business. We have all seen many projects raising tens of millions of dollars a year ago and now bankrupt. You know there are many options in terms of talents and team when it comes to development. We already have several contractor developers we are in talks. We are preparing to start development on a fully scale after fund-raising finishes.



I hope these help. If there are further concerns, we would be happily respond.



Kind regards,

~~~~~~~~~~~



Dear Utku



Thank you for your detailed response.



1. Your photo - Why is it not displayed on ICObench? Why you don't have a LinkedIn account?



2. Mobile devices - both are available on App Store and Google Play which is a good progress.



Please update us on your progress of raising Seed round.



All the best!

+2 Agree +2

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