To all
$AUT holders,
How would the restart work ?
That’s a question popping quite a few times in my DM’s since yesterday, and here is the breakdown.
First, the project needs funding, it never constituted a treasury fund and the initial and only funding was provided through an
$AUT sale on the market for the amount of 2k$.
The required funding is calculated at approximately 10k$, which is the hardcap.
The softcap is at 2k$, this represent the funding of the initial trading account.
What about the other 8k ?
Basically R&D, as
$AUT will evolve to have multiple bots trading on different strategies, to maximize the chances of returns, as well as the deployment of the profitable bots onto different brokers as a “Don’t put all your eggs in one basket” security for the project.
How do I plan to raise the funds ?
4 options:
1) A token sale on the market from my own hodlings of
$AUT (chosen method when
$AUT launched).
2) Raising funds from the community by providing a wallet address (USDT CRC20), and rewarding the contributors with a 100% ROI. The contributors would be allocated 50% of the generated profits until completion of the given ROI.
Payment would be emitted from the receiving wallet towards the original sender all at once, to facilitate tracking and transparency.
3) An hybridation of both previous methods, contributors and token sale.
4) I personally seed the trading account and let it grow until it reaches 2k$ before the official relaunch of the project.
I will be transparent, option number 4 is here just because I will not let the current hodlers of
$AUT down, but if it’s the option chosen by the community, I will respect it, and let one bot trade for
$AUT, and any other developments for the project would be on my free time, provided as a best-effort.
Now the question you probably asked yourself as soon as you read the word “funding”.
Wyll, you are a whale already, why don’t you just fund the entire project ?
The answer is simple, it’s a community project, to which I provide my time, knowledge and efforts, with no share of the profits approved by the community, yet.
As well, in all my ventures, I apply one core principle, which is:
“If you can get your family, friends and strangers to invest in your idea, you are onto something”
And if you just take one minute to think, you will realize that all on you on
#CronosChain are here because you invested in someone else’s ideas, starting with Kris himself, aka Big Daddy, without whom none of us would be there as there would be no Cronos, and this applies to all the other projects on Cronos you are interacting with on a daily basis.
Now, time has come to give you back the keyboard and share your votes, your opinions, and this post, you have the power as a community to decide what will be the next step.
#CroFam #CronosChain #XAUUSD #B…..