We are waiting for the confidence to return to the market. During the recent bear market, a lot of investors seem to be wary of sinking money into new projects. The BTC BIP91 lock-in should be a good shot in the arm to the crypto markets as a whole and go a long way to restoring confidence. A couple weeks of another bull market before our crowdsale should get the money flowing again and help us hit our goals. What we DON'T want to do is pull the trigger early and fizzle out with a mediocre raise. CFI needs us to hit this out of the park, both for our sake and theirs.

A low ETH price actually helps us in the long run, as the value will appreciate, as opposed to the teams that got funded at $350 ETH and now have only 2/3 the funding because of the price dip after their crowdsales. And since our target is a set amount of USD (not ETH), we aren't really looking at the price of ETH as a major deciding factor.

Project Update! Musiconomi FAQ (Part 1)

The team answers some of the basic questions people have been asking about the project. Short, but sweet, with another FAQ or two planned to follow in the coming weeks before the crowdsale.

Original post updated with a link to the high res version of our development roadmap due to popular request!

The plan is to announce the new date during our live AMA event tomorrow at 1pm Eastern. We will also be answering a ton of great questions curated over the past week and proposed live via our Facebook page.

Official Update: Friday, July 28, 7-8 pm CET (1pm Eastern)  we have a Live Q&A w/ a special acoustic performance from @TheMotorleague updates  #crowdsale w/ @cofound_it (via Twitter: https://twitter.com/Musiconomi/status/889922465044066304). Check out our slack or Twitter for updates and the official link around the specified time.

Questions can be submitted here: https://goo.gl/forms/ejjslw5V6ASm83Tk1

no bounties or airdrop will be held soon??

Sorry, no freebies here! We are not hosting any bounties or air drops. We aren't just another random scamcoin! We are looking for serious participants that will stick with us and grow with us all while having some skin in the game. No pump-and-dumpers who will sell off whatever they get the second the token is tradeable. 

So bounty or air drop makes you scamcoin? Okay

Update: Here's the link to the Live Q&A we did the other day. https://www.youtube.com/watch?v=GpCwePQFL7A

And here's a blog version of the video (thanks @FiresOfMay!) https://medium.com/@firesofmay/notes-from-first-live-video-ama-by-musioconomi-team-496897a29ede

Due to the recent statement by the SEC we are taking some time to carefully evaluate the MCI token and see where it falls in relation to the Howey Test as well as get the opinions of our legal counsel before proceeding. We expect this process to take no more than a month, and we will release updated crowdsale dates when we have a better feel for the exact completion dates. Thanks for sticking with us, guys and gals!