Important Updates on Quizando ICO
It’s been a busy few weeks at Quizando. We’ve had the formal announcement that Boyce Avenue have become shareholders in the company, we’ve participated in World Blockchain Forum in London and we’ve been featured in Money Magazine as one of the leading local companies making headway as #Malta becomes the Blockchain Island.
And while all this has been going on, a lot has been happening in Malta with regards the regulation for the blockchain industry. With several consultation papers having been issued covering everything from the actual blockchain technology to ICOs and from investor protection to compliance auditing, we have been adapting our plans to make sure as and when the regulation is rolled out we will be in full compliance and ready to apply it from the word go.
Obviously, with such compliance comes cost. The cost of engaging a Virtual Financial Assets Agent, escrow agents, external systems auditors and technical administrators. Costs which, as and when we were initially building our ICO white paper were not factored in, because they didn’t exist.
What’s more, the cost of running and marketing the ICO itself are much greater then we initially anticipated. With our team having a background in traditional digital marketing, we underestimated the complexity involved with getting the amazing news of our ICO out to the wider world.
Initially we thought we could squeeze some of these costs into our original plan and tighten our belts to get through to launch and the beginning of serious revenue generation. However, we realised this would have been an on-going distraction from our primary focus — launching the awesome new version of Quizando including the Live platform which will revolutionise the way influencers around the world monetize their followings.
After extensive discussions with our team, partners and investors, we have made a sensible decision to increase our ICO hard cap to $2.95 Million, while at the same time postpone our ICO pre-sale by 7 days so we can launch it at the Delta Summit on October 3rd to 5th, where Quizando will be actively participating.
The new hard cap has been calculated taking into account the additional costs of regulation and compliance and the added marketing budgets we need to spread the word to blockchain and ICO investors around the world. We need to let them know why they should pay attention to Quizando and why they shouldn’t miss out on this possible influencer market unicorn.
Whitelist registration for our ICO Pre-sale is now open, so we would suggest signing up now to avoid disappointment in what will prove to be one of the most ground breaking ICOs of the year!
You can download our latest version of the whitepaper from here:
https://www.quizando.io/whitepaper
If you have any further questions, please email Info@quizando.io
Stay tuned to our social media channels as there are more exciting announcements coming out regarding Quizando development, partnerships and progress.
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If you want to join the conversation about Quizando then please follow our various accounts below!
ICO Website: https://www.quizando.io
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LinkedIn: https://www.linkedin.com/company/quizando
Reddit: https://www.reddit.com/r/quizando
