I ran some numbers. They plan to release 100 million tokens. If I spend say 15 Ethereum I only get 1000 tokens or less than 0%. At today's exchange rate of 10.95 each it comes to 164.95. I don't know what the return will be on 1000 tokens. I am not sure what I am buying also, where is the payment schedule or any information on return? Are you just gambling the token is going to be worth more after this fund raising?
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Hi vrdad,
thank you for your question. We are going to introduce several products in the market over the next few months, starting with BlockPay "S" and BlockPay for Odoo in Q4 2016. I am a huge fan of lean startup and a milestone to milestone project management. We are offering in this Pre-ICO 5 million tokens so that we can valid our vision and business plans in the market . Once we have proven our concepts we will proceed with a 2nd ICO to fund global growth. It is too early today to base future earning on the 100 million tokens, 5 million is more realistic.
Please also consider that when we move into the 2nd ICO we will have a steady positive cash flow, multiple products on the market and an active global partner network that support our plans. Our monthly transaction volume and fees will be higher by then.