F.A.Q. part 3
16. Why don’t you find an investor and earn billions with such a perspective technology then trying to raise these scanty 3500000$ online?
It isn’t about the investors, but for one factor. Our project is actually a venture for a potential investor. Investors in Russia demand a majority stake in the Company (51%-80%). Therefore, in fact we sell the technology and the investor becomes its beneficial owner. That is why we have decided to turn to the crowd investments with the blockchain, this will allow us maintaining the ownership title and sharing only a part of the profit with the investors. The amount to be raised is not large, but sufficient to launch the manufacturing process. Should we raise more, we will just expand the manufacturing capacities. As you know that currently the number of those willing to buy our products is twice bigger than the design performance.
17. They write to us and say that 'We have spoken to some refractory experts and they say it is impossible'.
Until now not a single expert who makes such claims has had guts to introduce himself/herself. Who are they? We do not know them either, but we are ready for any form of dialogue. But yet let me answer this question. We have an expert opinion for our material prepared by ‘MISiS’ National University of Science and Technology and Ural Federal University named after the first President of Russia B.N. Yeltsin (Institute of New Materials and Technologies).
We also sent our products to the Germans (Viktoria Garten Huttenindustriebedarf AG (VGH)) for analysis. The Germans were surprised with the quality of our zirconium concentrate and when they were told that it was made of the industrial waste they got into raptures. And at the Metal Expo 2016 held in Moscow on November 8-11, 2016 they confirmed their willingness to buy our products.
RHI Company , the world’s leader in capitalization ratings, also showed its interest in our products at the Metal Expo 2016.
18. The founders of Zircon Ltd are also top-managers in other companies and have large businesses, could they find strength to be in this project?
To my mind, it is ridiculous. What we do is not just a job, it’s a hobby. Indeed, every founder has his/her own business, and we have made a great progress, everyone in his/her own area. It is our vast experience and joint efforts, which will let us say for sure that we will put this project into life. It is not our first joint project. We are involved in implementation of new industrial technologies. In 2017 our team decided to combine our innovative industrial developments with new financial technologies in the investment area. This project is the synergy of our experience and skills as it embodies new technological solutions both in industrial and economic areas.
19. And how are you going to pay the investments back to the foreign company? Is there any sort of mechanism?
The mechanism is very simple. When the ICO is over, the funds are accumulated at the foreign investment account of ‘Lagata’ Company. Afterwards Lagata and Zircon Ltd enter into the interest loan agreement, under which Zircon Ltd receives funds. When the factory is built and the products are being sold, Zircon Ltd will repay the loan to Lagata under the aforementioned agreement.
20. They write to us and say that ‘Your investment agreement is quite tangled’.
Currently, the ICO (initial coin offering) is in the so-called ‘shadow’ legal axis as many countries nowadays practically have no regulations covering call for investments through the ICO. ICO organizers willing to legalize the process have to link the sale of digital tokens to commodities, for instance, to sale of digital products or software. In our case there is a certain link to the commodity (synthetic dioxide of zirconium). Regulations covering call for investments may be changed at any time that is why the organizers reserve the right to amend the agreement to avoid needless problems and perform their obligations to the investors. Look at the terms of investments of iconomi and chronobank projects and you will realize that we have not invented anything new, we even guarantee more.
21. You write that you can amend the agreement at any time. Should I monitor you website 24/7 to keep up with the amendments?
You are free to do so, but it is not necessary. In accordance with paragraph 12 of our agreement we will notify you of any amendments via e-mail.
12. Notices
12.1 We may provide any notice to you under this Agreement by: (i) posting a notice on the website; or (ii) sending an email to the email address then associated with your account. Notices we provide by posting on the website will be effective upon posting and notices we provide by email will be effective when we send the email. It is your responsibility to keep your email address current. You will be deemed to have received any email sent to the email address then associated with your account when we send the email, whether or not you actually receive or read the email.
22. What am I supposed to do if I do not agree with your investment terms or amendments thereto?
If you disagree with our investment terms or amendments thereto, you can always discuss them or enter into the agreement, which suits you, in accordance with paragraph 15.11 of our agreement.
15.11 These terms are not boilerplate. If you disagree with any of them, believe that any should not apply to you, or wish to negotiate these terms, please contact ZrCoin.io via e-mail and immediately navigate away from the website. Do not use the website and/or products offered thereto until you and ZrCoin.io have agreed upon new terms of use. We are always open to any dialogue and try to work to the benefit of the society, as the success of our project depends on you.
23. Why have you chosen Moscow Arbitrage?
All assets and contractors under the project will be located in Russia, and in case of any disputes it is much easier and faster to resolve them on the territory where the assets and people are located.