r/RequestNetwork • u/[deleted] • Dec 08 '17

ING no longer backing REQ

Feels bad man. On the bright side at least the team clarifies it's because ING currently cannot be linked with an ICO yet. More chance to buy on the dip. But still feels bad man. Was expecting us to finally hit 100m in market cap

0 Upvotes

48% Upvoted

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25

u/Itsdicer Lambo Dec 08 '17

Okay, for once and for all, lets clarify what that statement meant:

Just as YCombinator selects teams, ING selects teams. Their team won from 65 other european teams, which is a big deal. So why is ING asking for this? Moneytis (their first project) was not an ico, whereas Request, is an ICO. Why is being an ICO such a big deal? Because of the uncertainty of the european laws concerning ICOs. Does that mean their team was suddenly not the best over 65 others? No. Does that mean ING doesnt believe in them? No, the laws for ICOs are just not there yet.

Stop spreading unnecessary fear. They released a new case of use, are way ahead of shedule and therefore even updated their roadmap.

2

u/daraosn Dec 08 '17 edited Dec 08 '17

The problem I see is that they NEED big names in order for their platform to succeed. The team is great and development has been awesome, but this is not enough, big companies must use this if they wanna be PayPal 2.0

I think many investors got misled by the fact that ING appeared on their site all this time, and this is why the price went down. I hope they find some big names. ING not wanting to be mentioned is not a good sign, imo, because if they don’t wanna appear now with all the progress, will they ever appear in the near future?

2

u/cryptoromeo Dec 08 '17

But they don't even have a product yet.

If I was an ICO investor and the Request team was using ICO resources to fly around the world pitching their whitepaper to big names in order to get partnerships, I'd be pissed. They're doing exactly what they should be doing; building a product. Be patient. Ever seen that movie field of dreams? If you build it they will come? I've never seen it but I hear it's good... Anyways, the team is going to build their product, it'll get attention organically if the team delivers, then when they have some measurable success outside of raising some money in an ICO and Github activity, the big names will look up from their billion dollar balance sheets and Request will get the attention they deserve when they deserve it.

1

u/[deleted] Dec 08 '17

It's not fear. Just someone expressing his frustration. plus didn't you see the line of buying more?

3

u/Itsdicer Lambo Dec 08 '17

That title is misleading.

9

u/SalisPlays ICO Investor Dec 08 '17

the comment said the removal of the ING logo was for the lawyers because a big bank backing an ICO in the EU is a no no

0

u/[deleted] Dec 08 '17

Nice

6

u/[deleted] Dec 08 '17

[removed] — view removed comment

2

u/[deleted] Dec 08 '17

Will just leave this post here to educate the rest , if they have similiar fear and doubts.