Q: Hi Joe , Tell us about yourself
I am a happily married man with 4 children living in the centre of Ireland. My background is in Engineering and education with many years in sales and marketing thrown into the mix. I love a challenge and building teams of people and helping them realise that there is so much out there to be conquered if we step out of our comfort zone and look at the possibilities rather than the limitations of our lives
Q: Tell us more about your team! Do they all have background of crypto?
We have a very diverse team of people with very strong skill sets. Our team is made up of individuals with serious track records in Technology, Business and marketing and cryptography. We have brought on additional advisors where need and one of the key components of our team is that we learn very fast but are also quick to identify weakness where they exist and bring in the additional expertise when needed
Q: What inspired you to do an ICO?
The core of our business is messaging Application. Early on we were looking at ways to create revenue from the application. We were looking possible integration with third-party E-wallet platforms on our application. At the same time, we had started the traditional method of raising funds and were preparing paperwork accordingly. A friend of mine suggested that rather than give another company the benefit and by launching our own ICO we could solve all problems in one and at the same time solve a much larger problem within the Cryptocurrency community. We were already in discussions without to strategic partners in relation providing our business services within the application. So it became an easy sell to bring them onboard once we shared our vision.
Q: How did the idea of MingoCoin come about? Is this something you were doing before?
I feel this is the major difference between our project and that of many other ICO’s in that we have over the last two year put together a fully functioning messaging platform available to download bought android and iOS with almost 50,000 users in 170 countries around the world. So the messaging up is the perfect carrier for the currency. The idea for the messaging component part of our project came after my wife and daughter had gone shopping in the Christmas sales and came home complaining about constant interruption from messaging
Q: What is the cap for your ICO and how did you come to chose that number? What do you think of unlimited ICO’s? How much money is too much money to be raised in an ICO?
These are great questions. During our pre-sale, we have a soft cap 2 million dollars and if things go really crazy there is a hard cap of $8 million. These figures based on genuine requirements to build out the next stages of our messaging app. We were already in the process to raise funds this amount when we took the direction of an ICO. Since this is a long-term project messaging apps by their nature take substantial amounts of money to develop we have the plan of launching the ICO in Q1 2018. On our White Paper, you will see how this fund is being spent Will be in time preparing for the ICO and building out the technology on App. During the ICO our heart times
Q: If you successfully crowd sell with your ICO, where will your company be based?
We will continue to base ourselves in Ireland but will open offices in USA and Asia as is needed.
Q: To what level of scrutiny do you feel ICO’s should be held to?
I think that there is a lot of frenzy out in the marketplace with several questionable ICO’s coming to the market. If we as a community really focus on self-regulating and following best practise where we endeavour at all times to bring the best value to our contributors and the community in general then it will make for a better landscape in the future.
Q: Do you have a background in conducting due diligence on crowdfunded projects?
I think that in many cases we make decisions based on emotions and we back them up where possible with logic. If something makes sense to me and excites me as to its potential, I am way more likely to invest than in a project that stacks up in every way from a due diligence but does not strike a chord with me.
Q: In addition to cybersecurity, what do you feel must be understood when performing due diligence on crypto projects?
If we are talking about spending our hard earned cash in an ICO then a key component must be the ability and transparency of the team behind the project. Can they deliver on what is promised?
Is there any proof of concept of the idea presented?
Q: What is your “bird’s eye view” of the blockchain industry as a whole. From what you’ve seen, what aspects of token crowd sales could be improved?
Blockchain industries will change the world over the next 5 years but there will be much more regulation to come in the industry and the industry. The general population are mostly unaware of the change that is coming and how it will impact their lives in the future and I don’t think we, in the industry even truly understand how dramatic an effect it will have.
Everyone thinks their chicken lays the best eggs as they say but I feel that in some cases people decide to do a crowdsale first the wonder what idea they could do it around rather than the crowdsale bring value to an existing sold idea.
Q: What current proof of concepts has MingoCoin completed? What projects are in the pipeline?
Our messaging app is already in the marketplace and we have been working on the project for over 2 years operating on both the Android and iOS platform with over 50,000 users around the world. Our roadmap is outlined on www.mingocoin.com with plans to add additional channels and functionalities to the messaging component of the app and then build out the MingoWallet and all technologies around the exchange interface and UX design
Q: What’s in the future for MingoCoin?
Bring 10,000,000 people to MingoCoin in the first 12 months from launch
Q: Have you talked with any exchanges about their interested in enabling trading of your MingoCoin tokens?
We have been in discussions with several different exchanges some of the larger ones but also some of the smaller exchanges to give us as much flexibility and liquidity as possible, but we will only release names when everything is signed sealed and delivered.
Great, thank you Joe, I appreciate your time and I will be watching the crowd sale intently.
Thank you for the interview.
ICO Name: MingoCoin
ICO Pre-Sale starts on: 25th September at 3 PM GMT
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