Q1: Wouldn’t it be better for future crowdsales if the token trading wouldn’t start right away but instead the trading would be locked for 6–12 months or until the project is closer to launch?

A: We expect that with time, as the whole space and understanding of utility tokens realign, the issued tokens should already have a utility. Right now the utility tokens are often camouflaged equity tokens.

Q2: Do you plan to develop a wallet?

A: Under European Law, the AML/KYC requirements are very demanding for a wallet provider or an exchange, so we are currently not planning that.

Q3: Does Cofound.it have any big partnership with government center or investors up and coming?

A: Jan was just at the event with Slovenia’s PM Miro Cerar and half of the government a few hours before the Q&A. Cofound.it has been active both locally in discussions with the government, Bank of Slovenia and regulators since summer 2017 and we’re also working on the EU level. We are very close to a regulatory framework for crowdsales and the elections are near, so who knows what will happen ;)

Q4: Are you planning to publish your roadmap?

A: We expect to publish it soon.

Behind the scenes of the Q&A: Moderators are moderating.

Q5: It seems that Cofound.it is attending many events, which ones?

A: You can find the list in our newsletter. We will be attending even more events from now on and build local networks in San Francisco, Amsterdam, London, and Stockholm.

Q6: How do the token rewards work?

A: The traditional ICO worked like this: a person sent ETH, received tokens and no equity. Our proposed way is splitting the roles: a fund will provide funding in exchange for equity, while the utility tokens will be used to kickstart the service. This includes distribution to qualifying potential users as a reward to encourage them to start using the startup’s service. You can read more about this in our blog post.

Q7: What efforts are being made to increase and motivate the community on Telegram? Why are there so few users in comparison to other startups?

A: We’ve noticed that there are two flows of communication, one focused on the platform, features, roadmap, tutorials etc. and one for casual conversation. Tools like Telegram or Slack are not really great for the first group. We’re looking into installing Discourse, which will allow a more constructive conversation.

Q8: What can we expect from Cofound.it in 2018?

A: We will be much more focused on proactive outreach to startups via accelerators and provide much more visible effects of our labor than in 2017. While the crowdsales in the last year were amazing and we learned a lot, they required a lot of resources from our team. This is precisely why we’re re-focusing our efforts to strategic advisory in order to build the foundation for a much faster and bigger execution of our initial business plan.

Q9: How do you keep abreast with the rapidly changing legal scene around the world?

A: We have two amazing advisors — Randall in the US and Nejc in the EU — who not only stay ahead of the happenings and keep us in the loop but actually help co-create the legal frameworks that are evolving.