As expected, GraphGrailAi ICO is to begin December 2017, but now crowdsale is shifted to February 15, 2018. According to Viktor Nosko, project founder, the decision to postpone ICO is currently related to taking a series of strategic steps for project promotion:
Why have we made decision to shift the ICO date?
Large investors are known to contribute up to half of funds in ICO.
We take care of our investors. Cap to raise was significantly lowered to make ICO more attractive. It is very important thing - assuming super more than 2x Ethereum price growth ($700, compared to $300 in October). We will solve this in a very pleasure way both for early investors and for main ICO with the purpose to offer good profit, compared to Ethereum investment.
New ICO Cap is $2-$12M.
Dates: 15 Feb - 15 Mar, 2018
First of all, we want to run crowdsale with the ready-to-use product. The main reason for that is the team integrity. What we focus at is to demonstrate traction, work of the running system, and not to raise ICO funds, like other teams having no up and running product. This will make our blockchain product look better and gain competitive edge over the teams that start ICO without any product.
Second, since the team launches ICO with the product at hand, GAI token will grow (expected). The other reason for that is that our platform will already have interested users, and we will be able to segment them. The product that already has any user base, even though these are potential users, the people, who want to try the product right after it is released, always confirms the business-model. Therefore, the user base will continue growing after ICO as well.
Third, there are too many ICOs per month available now in the blockchain market. Therefore, GraphGrailAi is bound to win against a great variety of projects to avoid spreading the funds across all projects and to have our project at least reach soft/ hard cap.
And, fourth, in our opinion, a key to successful ICO is PR abroad that includes business trips to foreign crypto conferences. To reach the fundraising goal of several millions USD we must build strong investment relations. To introduce our project and its founder to investors, to enhance trust to the project, we need to attend foreign conferences such as BlockShow Asia, etc.
More updates are coming soon. Next article will be about our progress.