e-residency is an interesting feature.
But where can we see the requirements to acquire this?
And what you are aiming for funding is high, so if a certain cap of that stage is not reached, then, it means you're not pursuing that goals?
I think that's what others want some clarifications from you.
Hi TimeTeller, thanks for your question. Its a good one and we will gladly answer it.
Its true that our hard cap seems to be high but there is much more to it to build a modern all-in-one financial platform like the CrowdCoinage OS than just the development process. We have to apply for at least five different licenses and permissions in order to offer the services that have been promised on our roadmap. These are not cheap and many of them require us to hire a certain quantity of qualified staff or people with special skills and knowledge. We also cannot forget the marketing and PR bills that need to be paid when we start expanding our services for example to Asia were ICO-s have been banned by many countries.
Currently we are working hard on our first beta/prototype version that includes the crowdfunding, ICO campaigns and escrow functionality and it will be launched very soon.
The roadmap is an indication of what will be developed when a certain amount has been met. We have agreed among the founders that we are going forward no matter how much funds would be raised. Even in the case of not meeting our hard cap during this ICO, we are going to deliver all the financially feasible milestones provided on the roadmap. It's important to bare in mind that 50% of all CCOS tokens will be sold during this ICO campaign. We've had great response from the community lately and when you guys believe in us and we get your trust and support we can launch another token sale to meet all the funding requirements needed for our further developments.
Wishing you all peaceful holidays
Peep Paum
CEO
