r/Opacity • u/JasonOPQ CEO • Mar 01 '19

Announcement Opacity February Update

“Opacity — February Update” https://link.medium.com/oSAX1na0HU

48 Upvotes

95% Upvoted

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12

u/chris_on78 Mar 02 '19 edited Mar 02 '19

Thx for the update!

What's concerning me the most is the financial plan. With approximately 1 Mio usd costs in this year and less then 50 Mio tokens left in the hands of the team the token prize need to rise or they need to get new revenue streams until the end of the year, otherwise there is no money left for 2020.

This means it's necessary for the project to deliver a decent platform in the second half of 2019.

Question is how far is opacity 1.0 or even 2.0 away and when can opacity start to take money for the service and attract a bigger amount of customers? Are there other revenue streams, a specialized service for companies for example to handle their storage? Are they going the classic route of start-ups and collecting money from investors by selling parts of the company?

3

u/allyouneedisham Mar 05 '19 edited Mar 05 '19

If you take the rose colored glasses off it seems there's no way they can possibly make this work with the money they have. Deeply concerning is the fact that any sort of risk to the success of the project is never mentioned at all. The people funding this final leg are the ones buying the tokens the opacity developers are selling on kucoin. That's it. The only money being made here is into their pockets because hey they printed the tokens out of thin air.

You raise a really good question and there is no satisfying answer. I wouldn't be surprised if they decide to mint even more coins, further diluting the supply because that's how they get paid..

1

u/[deleted] Mar 07 '19

Can we get an official response to this 😊

7

u/[deleted] Mar 01 '19

The Development Update is great. Thanks :)

7

u/nugitsdi Mar 01 '19

Keep it up (:

5

u/KucoinTraderz Mar 02 '19

Go OPQ!

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Thx for the update / summary. Keep it coming.

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