ARK only raised $1M in their ICO and their market cap is currently valued at $365M.
https://www.smithandcrown.com/sale/ark/
https://coinmarketcap.com/currencies/ark/
All of the videos I've watched have hyped ARK as a sandbox for everyone playing in the cryptocurrency world of projects. This ambition takes a lot of capital to accomplish. I've also heard this is not a "money-motivated-team". Many strong forces in this rapidly growing blockchain world will seek to poach current ARK leaders for their own projects.
(https://www.youtube.com/watch?time_continue=1&v=CgD4WqHJFtU)
So before I choose ARK for a long term crypto investment hold (2 - 5 years) I need your help in understanding:
How is ARK funding this project with only $1M raised?
Is their CFO, Lars Rensing up to the task of leading this startup with ARK being his first rodeo as top dog?
https://www.linkedin.com/in/lars-rensing-3b12bb26/)
I would be most grateful for your thoughts as I continue to add to my long term cryptocurrency holdings.
Love,
JKNSmiles
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