Second ICO Round Starting January 25
Summary and prospects.
Official VR Technology statement based on ICO results.
Dear friends, investors, colleagues, partners and customers,
The Board of Directors of VR Technology has decided to launch the second ICO round for the OKOIN project. This round will start on January 25, 2018 and end on April 25, 2018, with the tokens entering free auction on May 20, 2018.
The reasons why we made this decision are as follows:
— We have yet to reach our stated goal. This does not in any way jeopardize the fulfillment of all the obligations assumed by the project team, but does limit its capabilities. The prospects for reaching the goal are high. We know this by the growing interest of our partners and investors in our project and the increased number of interested parties by the end of the first round. We were in fact met with a lack of time and restrictions that we simply couldn’t foresee (first and foremost, the censorship of advertising platforms because of the adult subject matter of our project). Yet despite numerous challenges, we still conducted a full-fledged marketing campaign, told the whole world about our project, and received support from funds, private investors and top-class specialists from various IT fields willing to share in the development of our product. In the second round we intend to address these challenges, including through a bounty campaign (our audience’s help in distributing information about the project in circumvention of the censorship of some crypto media).
The benefits of attaining our goal within the foreseeable future are obvious for investors. The coin’s growing capitalization and its increased liquidity are sure to have a positive effect on the rapid rate increase when entering the exchange. Attaining this goal will enable us to order, purchase and involve much more VR adult content, which in no time will make the platform the leader in adult VR content, a highly promising area in terms of market development. Many have argued that our goal is too high and a project like this does not need such voluminous investment. But from the very beginning we have understood that to become the market leader, we must fill the platform with a huge amount of content in a really short time. Given that the average market cost of one high-quality VR video is EUR 8,000, and to fill the platform we need more than 100 or even 1,000 videos, our goal does not seem either high or unattainable. We didn’t expect quick success in the ICO, but we are confident in the timely success of our roadmap.
— The risk of exchange speculations with respect to our token, and as a result a drop in its value and inadequate liquidity. Such actions and their consequences may jeopardize the entire project. We are not prepared to risk what we already have for the sake of short-term benefits; we see more significant benefits for all our investors in the medium term, not to mention the long run.
— The team’s objective is to form more fundamental token values before April 25 by implementing the first stage of the roadmap (the team will report on the progress to investors online on the website), increase coin liquidity (by involving new investors and achieving the goal in the second round), thus avoiding high-risk speculations, including on the part of pumpers. The coin value will also increase due to new arrangements with partners who are prepared in the near future to start accepting okoins as payment for services and goods (during the first round campaign, our project drew attention from production studios, content distributors, etc. Today, we continue negotiations with many of them and expect they will conclude successfully. By the time okoin enters the exchange, it will be used extensively as a payment means on adult websites, sex shops, online chats and other related resources. This will create over-the-counter demand for the coin and save it from unfriendly speculations, which will later lead to a stable increase in its market value and add stability to the okoin token. We did not issue tokens for the sake of tokens: our goal is to create a stable crypto currency to be widely used in adult projects, and not to just become another speculative bubble threatening investors.
It should be noted that we are the first adult ICO project disclosing our team members and their names, and officially registered as a legal entity in the European Union. Indeed, we are maximally public (publish progress reports on the official websites and disclose our team, which is not typical for this market). Previously, many successful adult ICOs either turned out to be a scam and disappeared with the investors’ money, or fell into a speculative bubble at the start because of incompetent management, could not keep up token stability, and lost funds for the project’s implementation. As a result, most investors lost their money.
We are also starting work on the VR adult chat ahead of the roadmap schedule.
Benefits for current investors (early investors):
— Every investor receives a 100% bonus regardless of the amount of their investment. Bonuses will be distributed in the span of month.
— During the second round, positive token price growth dynamics are allowed up to $8 by April 25. Thus, we can forecast the token price to be a minimum of $8 upon market entry, which gives early investors the opportunity to make a profit of х8. Market entry: May 20.
— High asset liquidity is confirmed by completed platform development works (see above).
We disclose both the team of developers and their director engaged in the platform’s development, and report online about progress and tasks completed (github, video blogs, Progress Report website section) — some claimed that we do not disclose our developer team, only management.
Along with the statement, the drawing mechanics and winners are also published. The announcement of the event’s postponement to April 25 (see the reasons in Clause 1). Another 30 tickets will be allocated for the drawing in the second round.
Bounty campaign to be held for the second round.
April 25: event, presentation of the platform’s beta version (fulfillment of obligations for the first stage of the roadmap).
Thank you for your understanding, and thank you all for being with us!
The VR Technology Team
P.S. We’re going to update www.okoin.io before January 25 to include information about the second ICO round, and an extensive team-related data unit. The latter will now feature info about the development team as well, not just about the organizers.
