It's been 20 days since the beginning of the token sale. But the process of token sales is very slow. If the team collects little money, how does it plan to develop its project?
Thank you for your comment, I can appreciate your concerns. However, the token sale was put into place with no soft cap or hard cap making it very open.
The company already have their network in place and the software to execute it, The point of the token sale is to create a liquid currency to be used within their network.
The tokens that are bought are currency not equity. The XY tokens will be used to purchase information via the XYO mainchain and also used as rewards for people who have a device which is used within the oracle to retrieve information.
But there is no issue of this project not going ahead, the team are 100% dedicated and this will be happening with or without a large token sale.
I hope that answers your question and puts your mind at rest