The MOO Has Awesome Updates

2 min readApr 18, 2018

Our team has been hard at work the past weeks developing and closing strategic partnerships, resulting in significant savings from projected technology and operational costs. We are grateful to everyone who believes in us and the great support from our community despite the current market conditions.

This update will answer some of the questions that you have for us.

Update 1: Token Sale Amount Raised

We heard you.

Our total raised amount stands at US$12.3 million and we remain committed to delivering what we promised.

Update 2: Regarding the Hard Cap

As retail investors shy away from the current crypto markets, our efforts to nail down incoming strategic partnerships and investments proved timely and beneficial. With these developments, it became clear that reducing the Hard Cap from US$30 million to US$15 million is in the best interest of our investors and company. The following paragraphs will explain this in detail.

#1. Those who have been following us since February will know that we delayed our public sale as we were trying to obtain the Simple Agreement for Future Tokens (SAFT) that would have allowed us to accept contributions from American MOO enthusiasts. However, as a result of the SEC’s aggressive stance on ICOs and its 80 subpoenas on various crypto companies, we chose not to pursue that avenue to protect existing investors from any potential complications.

#2. We remain confident of delivering our plans as promised on a smaller budget. This is because of the cost savings that the strategic partnerships have brought us. In short, we are getting assistance from partner companies who are able to deliver more for less. It also means that we will be standing on the shoulders of giants.

#3. To improve the tokenomics of our token sale, Cloud Alliance will burn half of other token allocations (company, founders, advisors, etc.) to reflect the halving of the hard cap.

#4. We genuinely believe that the cryptocurrency market will recover and stabilize in the near future.

The token sale will continue to run until 30 April 2018 and we will burn all remaining unsold tokens from the public sale.

Additionally, we have achieved 82% of our new hard cap as of now.

We have several partnership announcements coming up real soon, and we will continue to provide you with regular updates.

Game On.

Useful links:

Website: https://www.cloudmoolah.io

Facebook: https://www.facebook.com/cloudmoolah/

Twitter: https://twitter.com/Cloud_Moolah

Telegram: https://t.me/cloudmoolah

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2819734.new#new

Reddit: https://www.reddit.com/r/CloudMoolah/