Four Weeks Of The ICO Passed. What Now?
Market.space Launching A New Strategy
It’s been four weeks since the start of the ICO.
We’ve raised more than $3.2M so far with your help. Well done, you may note, but trivial calculations would suffice to say that we can hardly reach $15M soft cap moving at such a pace. We’ve recently heard quite a lot of concerns voiced as to the actions course in case we don’t reach soft cap. It’s high time we threw light on the new course of action we’re offering to our Community.
What went wrong?
We believe the main error was to jump straight to the token sale, omitting the private pre-sale round which 90% of projects do, and thus a whole bunch of work with private investors. The market is generally benevolent — we see that from the website analytics, community reactions and the feedback the project meets at the premier blockchain and crypto events.
We should have allocated more time for the token sale period. As we now see from the experiences of other projects (we mean large-scale ones, not these where $1M would suffice), more time is objectively required.
What next?
We are going to make up for this oversight and concentrate on cooperation with private investors and funds. We are inspired to see the interest already expressed by some of them, but we’ll need more time than the 2 weeks left in order to go through the due diligence and seal the agreements with them.
We would like to extend the ICO period for 5 more weeks during which we’ll be constantly keeping you updated on our progress.
What about my contribution?
It would be logical to assume that the aim of it was supporting our crusade for the new, professional data storage and getting hold of our tokens. We understand that it may look to you that things have got out of hand. We also understand that waiting 5 more weeks is quite a long time.
The truth is that we are simply performing a paradigm shift to reach our common goal. We are not going to disappear in the thin air — here the reputation of Rapidgator as an established file hosting company along with the good names of our team members are at stake. Therefore we ask for your patience and loyalty.
So will I get MASP tokens?
Absolutely! But later than you (and we) initially expected. Why not give you the tokens during the two weeks after May 27th? Because we won’t be able to reward our further supporters with these tokens then. That’s because we chose a model without a fixed supply. We would need to issue tokens again, and that would be another token, not MASP. Exchanging would be rather a confusing process for quite a lot of our clients, we believe.
What about Bounty participants?
The same goes for our Bounty participants. The more funds we raise, the bigger your stakes (and thus the amount of tokens you get) will be. We leave it up to you whether to quit our Bounty program on May 27th and give us some time to increase the weight of your stakes, or keep supporting us and earn more stakes.
Cordially,
Market.space team
We are eager to hear your concerns and learn your position on this crucial decision. Feel free to share your opinion in our social nets, contact us in live chats or at support@market.space
Telegram Group: https://t.me/Market_space_official
Twitter: https://twitter.com/Market_space_
Facebook: https://www.facebook.com/Market.space.system/
LinkedIn: https://www.linkedin.com/company/market-space-decentralized/
Bitcointalk: https://bitcointalk.org/index.php?topic=2961359
