I'd really like to understand what the thought process was/is, for pricing an ICO @$60M/48,000BTC.
Tis a shame, cos alot of other metrics of this offering seem to be in place. But this pricing smacks of incredible arrogance, which has completely killed interest for me. Think you guys have just added to the farce of crypto ICO's.
Dear stereotype, we don't know where you got this information from. You might have mistaken 100% of EON emission for the amount, which will be available on ICO (
150 720 000 EON). Our objectives are stated in the document
"ICO Keypoints Development Plan" published on our site. It contains all the info of how the money will be spent:
For example, if 1 000 - 3 500 BTC is invested:Formation of a decentralized EON network.
Expansion of the ecosystem products to the second stage.
Expansion of the ecosystem products to the 3rd stage.
Certification of the company as a financial institution in accordance with international
standards.
General marketing and product launch.
If 3 500 - 10 000 BTC is invested:Increase of the liquidity of the ecosystem in fiat currency to reduce commission and
time delays when working with fiat currencies through our partner banks.
Opening of the companys operational offices in China, USA, Great Britain.
Local procedures of legal conformity in some countries which will enable us to work
with financial institutions.
And so on, continue to read
here.
We just did not want to limit the ICO with artificial boundaries, that's why the current scheme is following: all the EON coins unsold during the ICO will be divided (50%/50%) between a special EON Fund, which will then be a financial source of further EON blockchain development, and our investors. The investors will get the other 50% of unsold EON coins proportionally to the sum they investedin during the ICO.
You may find more details in our
Project whitepaper and
EON Blockchain Whitepaper.
