IT WAS VERY CLOSE TO 1 MILLION DOLLARS.
"It" was? Which was, theoretical value at the time of ICO closing?
Very close to 1 million. Do you mean the $600k - $700 theoretical value excluding illiquid FIMK at ICO close, or the then future $800k theoretical rate of your calculation from yesterday, or something else?
Very close is vague indeed, but never <80%
total $809,439 USD received in the ICO
Thanks for the updated calculation, however did you consider the following -
How come do you calculate "Received in the ICO" in August at today's rate?
Did you account for the funds we've had to burn before the ICO, during the ICO and after ICO to run the business?
Did you consider Bitcoin's value during August - October when we liquidated a large part for EUR on our bank account?
Did you notice the ~140 BTC locked in Alcurex and C-CEX until genesis?
Did you account for the fact we have to spread our liquidation of the full amounts to a minimum of 6-12 months rather than any single point in time?
Did you take note of the taxes we have to pay for every $ increase in Bitcoin's value as compared to the time we received the BTC?
I guess not. If you had, you'd see there is no constant valuation that could be calculated at any particular point in time until retrospectively. You'd also know that for every cent of crypto we take out to the realm of fiat - at value that's fuzzy until that point - there's a combined bureaucracy cost of +50% to +100% on top of the amount usable at hand.
Taxes on seed capital? Are you joking?
Crowdfunding is taxed in Finland. Seed investment isn't directly until you use it - then it is through the capital gains from crypto and realization of EUR value when you use the money. We've put high effort in optimizing the seed funding accounting tax consequences, however the results can't be certain until taxes for 2016 are concluded in approx. 1 year from now.
can you hire some developers and marketing communications people?
In progress since November. Hiring qualified staff doesn't happen like a snap in this country and for this tech!
Those guys are done in crypto
Your warnings to future investors in bold red are no doubt with good intentions, but you'll be in for a surprise. It's astounding how little attention infantile trolling on past pages of a crypto geek playground receives from the fintech business circles, which is Heat Ledger's main audience. Which is indeed the vehicle to the long term appreciation of the HEAT token's value instead of the standard ~300-500 speculators pump and dump games on Poloniex.
