Ignite Q&A 2020:

AS promised here are the answers to your questions over the last week.

Q: What are the projected timelines for different phases of the project?

Phase 1 is estimated to launch in March 2020.

Phase 2 will begin development when sufficient funds are available, this will be largely dependent on our capital raising efforts which are ongoing.

Q: A lot of IGNX holders wouldn’t care even if you sold lemons as long as there is token appreciation — when might this happen I.e IGNX on a decent exchange?

Discussions are currently ongoing with a very reputable exchange, however, to provide sustainability, we will hold off listing untill a market maker is in place and the company has consistent revenues or funding to support the ongoing costs of providing liquidity.

Q: Why have others not achieved this function

I am assuming to the rating and tokenisation of asset ratings? Transparent asset ratings have not been necessary as companies can raise money without being transparent. By targeting SME and existing crypto businesses which typically struggle to raise funds, we are able to insist they use our guidelines in order to reduce costs of borrowing and increase the likelihood that they can raise capital.

Q: What is the Ignite USP?

A: Helping crypto companies and SME businesses access legacy capital markets, which are traditionally inaccessible or costly. Increasing investor confidence by providing clarity and understanding of rating metrics. Preventing manipulation by using blockchain ledgers. Increasing bond liquidity by tokenisation via our partner company.

Q: How interested are investors in an equity raise?

A: Preliminary discussions have been promising, with several investors offering soft commitments. The primary goal was to arrange partnerships and develop a business model which could generate revenue quickly, at this point we do not need any investment to launch phase -one. However, some of the nice to haves- like exchanges, market makers and things like this will require funds and investment but is not a barrier to the project progressing.

Q: What has happened to the funds held in the index? Whitepaper stated that 60% of funds raised will be retained in the Master Index right?

A: Our community should understand the index value was never intended to be distributed to token holders in any event other than trading rewards. In that sense, the index incentive model is preserved by Ignite for future redeployment, when it’s possible to do so as originally intended.

Q: Will there be any extra incentives for larger IGNX holders? So something proportional to weighted holdings?

A: As it was previously, in the sense that this played a slight role in influencing one's reward distribution.

Q: What are the forecasts y1, y2? When does the company aim to be profitable?

A: A separate business plan will be made available for those who are interested to invest in the equity raise. Those who are interested should message me directly, as several of you have.

Q: How is the team incentivized to do buybacks? How is the size of buyback determined?

I cant see a greater incentive then the team itself wanting to also profit from our holdings. In order to achieve this goal, a liquid market must be provided with the token being a tool to access our services.

The size of the buyback is determined by the amount of revenue generated by the company. Rated companies will also be required to hold tokens. In order to increase efficiency, Ignite might in some cases directly purchase these tokens for the companies directly.

A detailed Tokenomics paper will be released in the near future.

Q: Why not move the index funds over to Cornucopia and use ignx and ignt there? It had the most chance of making gains. Those companies are solid and could use some heavy-duty analysis.

A: Cornocopia was a separate project and company which signed up to use the Ignite platform and technology. Unfortunately, Cornucopia could not raise sufficient funds and is no longer in existence. While the idea is certainly interesting and trading IPOs highly profitable, the current software itself would require significant investment prior to any product launch, as all the automation features are currently undeveloped.