Community New Money FAQThis is just the first batch of questions that address the pre-sales and a peek into future auctions. I've already submitted some ideas on how to handle the ICO portion that Solomon said he'll run past CCEDK. Once I get this done, I will get to work on the signature rewards program.
Anything under TravelsAsia is simply an opinion and not officially endorsed by the New Money Project.
Q1How long will the pre-sale fund raiser last?
"Tuesday April 5th 11.59pm CST (Chicago)"
Q2Once the pre-sale is over, when will the ICO launch
"(ICO will likely launch right away)"
Q3Are the ICO details finished?
The details of the ICO are still being worked out
Q4If the presale sells out, will there be an ICO?
"No"
Q5When will the trading pairs be available for SolCert?
" (trading pairs will not be available on the market until the ICO is over. We will most likely start it right away. Or at most a day or two later)"
Q6The ICO price WILL NOT go below the highest active pre-sale level ?
"
" -- Yes
TravelsAsia opinon "This is fantastic news for people that invest in the pre-sale. It was a concern for some people, including myself. Early adopters are rewarded for taking the chance on this project"
Q7 Although you can commit that the price of the ICO will not go below the pre-sale highest point, you CAN NOT guarantee any type of profits?
"
(US law)" -- It's not a security
Q8SolCerts will EVENTUALLY (could be years, long term project) will be able to exchange 1:1 for SollarDollar?
"
(yes they are meant to mimic zero-coupon bonds with a Sollar being what you receive at the end of the maturity date. That is why your potential "return" is already built into this type of "financing" token in the short term (1 potential Dollar)."
TravelsAsia opinion "We will dig deeper into this in future sections in the next day or two"
Q9Do you plan on having any additional auctions BEFORE the kickstarter?
"Absolutely not. No more ICOs for a while. Even after the KickStarter. "
TravelsAsia opinon "This is a big deal. It allows the market to set the price. If you believe this project will make it through the kickstarter phase and eventaully be able to support the evaluation, the pre-sale and ICO make a lot of sense in my opinion.
Q10Will there be any addtional SolCerts created?
"No"
Q11With future fundraisers, you can just create as much money as you want without any type of oversight?
" If any other funding round happens they are professional institutional ones like Series A, etc etc for Sollywood TV. Yes that sounds like a plan." -- So the answer is no
Q12Will there be a rewards program?
-- TravelsAsia has agreed to work on it immediately
Q13Anything else you would like to add before closing out part 1?
"There will be a sharedrop IF we sell the SoLCerts ICO out. I believe it is fair that way and will motivate people to get others involved with what we are doing. Our biggest hurdle right now is that not enough people know about us. But that will obviously change in the coming weeks and especially with a marketing/loyalty program"
- Part 1 Complete, hoping to hear something about the ICO in the next day or two.
Part 2Q14When will funds be released out of escrow? With all the BTS being raised, how will funds be sold/allocated?
The releasing of the funds and HOW that will happen is actually still being worked out. It seems the market may get their SoLCerts before I get the full releasing of funds. We are trying to make sure transfers are secure and that US law is complied with. Thanks for the patience.
Q15What date will the ICO launch?
Monday April 11th
Q16Will there be a rewards program?
Yes, the details are currently in development.