So this will be the only ICO in history without a whitepaper? All ICO have a whitepaper (plan). Shadow era has no plan in writing? Only a request for funding. It seems that this is a very big risk even when compared to any other altcoin.
So this will be the only ICO in history without a whitepaper? All ICO have a whitepaper (plan). Shadow era has no plan in writing? Only a request for funding. It seems that this is a very big risk even when compared to any other altcoin.
Crispy I'm sure the Board members will devise one as soon as they can. They don't takes control until another day
You're kidding, right? This is absolutely not how sales of this kind work. I don't see why you're defending Kyle! Admittedly, there's a few hours remaining - but assuming this is not forthcoming, he's manifestly failed on yet another promise. I've said before about the sale being all about confidence - which Kyle continues to undermine.
To my mind, it's unspeakable that Kyle is going ahead with the sale having provided zero information.
It's still unseemly that Kyle said he was going to release full financial info by a date in early July, but hasn't revealed it by the middle of the last day before the ICO. Why promise a whitepaper BEFORE the ICO and then string everybody along?
I suppose there could be a valid reason for the date to slip this way, but it hasn't even been acknowledged by Kyle, yet, and he only has twelve hours or so to explain everything.
This doesn't seem to be getting off to a very good start....
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Please STOP calling this an ICO - Kyle is not offering shares in the company, just selling tokens. And he's yet fully to articulate what that means.
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Nope:
https://en.m.wikipedia.org/wiki/Initial_coin_offering
"The term is often confused with 'token sale' or crowdsale, which refers to a method of selling participation in an economy, giving investors access to the features of a particular project starting at a later date. ICOs, on the other hand, sell a right of ownership or royalties to a project."
As I understand it, Kyle is not selling ownership.
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