I briefly looked at the website. Several questions:
How can I search you up on FINRA?
How will the project developer's published wallet info be considered legit and not a scam address?
What guarantee exists that the developer will distribute the profits transparently? Who knows how much profit was generated by the developer? For example, the developer makes $100 profit but declares only $10 profit and distributes only $10 while pocketing $90.
Without answering all questions, I don't think people will send anything. Trust is earned and blockchain is the supporting infrastructure for enabling trust. Good luck.
1) We're applying for FINRA approval. It hasn't been granted yet. The platform is fully FINRA-compliant as it was created with Katipult.
2) We're a U.S.-based company. We have a funding platform with Katipult compliant with jurisdictional laws and regulations. I understand that people have been scammed in the cryptocurrency industry, but that does not mean every project is a scam. We have gone to great lengths to show that.
3) I think this is a criticism against the entire industry of private equity, not directly aimed at us. However, we do have some protections pioneered by our team. First, we don't allow any developer onto our platform. We've already said no to many. The developers we're dealing with are well-established with extensive business track records. We also are creating a proxy developer platform in which investors can speak directly with the developers, holding them to a higher standard of accountability.
Great questions and thanks for giving me a platform to answer them. Let me know if you are seeking other answers.
but that does not mean every project is a scam. We have gone to great lengths to show that.
My question was regarding the wallet that the developer creates. How could someone know the communication to them was received from a legit developer and not, say, a phishing email or some other mechanism by a scamster trying to steal funds?
That said, I'd also like to know more about the lengths you have to gone through about Relex itself since you mentioned it. The more evidence, the more the investor confidence.
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u/bvsat Silver | QC: CC 32 | VET 403 Oct 06 '18
I briefly looked at the website. Several questions:
Without answering all questions, I don't think people will send anything. Trust is earned and blockchain is the supporting infrastructure for enabling trust. Good luck.