Hello everyone! I have a question, is there any minimum ICO cap? I see investors a little bit shy with this project. Only 1.6M raised so far seems a small amount now days. Thanks!
Hello! We don't have any soft cap or minimal limit. We will launch platform anyway. The budget and components are planned, assuming that our fundraising efforts will reach the estimated maximum amount. If a hard cap is not reached, a part of the components will have to be abandoned, and the budget will be reduced for the remaining features. The most of this cap is for the development of integrations and getting legal licenses in different jurisdictions for such operations. If the hard cap is not reached, we will start working on the current base and process the first integration step. Also, we will not be going to receive licenses from the different complex regulators right away. But we will process it as soon as we make enough profit.
Thanks for the info, invested a little amount in your ICO and I was curious about this thing. I saw many projects with min and max cap who didn't reached the min and returned the funds to the participants. Now that you provided me that many info (thanks btw) I have another question: if the hard cap is not reached will the remaining funds be burned or they will be used on maybe a second ICO or promotion to promote genesis vision?
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Anyone knows why the price is falling? Anyway, I'll buy some, just in case.
