What can you say about Min Cup? What will happen if it is not achieved? Return or other options? This is important question for me.
kusumadewi, thank you for your question. The minimum cup is 750 BTC. Or around 16818 ETH, as for today.
If the cap is not reached all the money would be refunded back to respected investors (which is one of the reasons we ask you to keep holding your private keys).
We look at the ICO as a way to substantially increase our funding, while at the same time giving investors an enormous opportunity to profit.
GRIDNET Project is in one of the most elite, ambitious and sophisticated Blockchain projects ever created. These are the facts. Also the first project of such scale being driven by academia. As a side project, our university has been asked to and we are considering joining the EduCTX European Project and most probably we will. You are in good hands we know what we do.
No matter, the result of the hereby announced Initial Coin Offering, the project will be pushed forward.
Also, in case of ICO failure, wallets, full-node software and GridScript execution environments would be released to the public with a pre-mine. And the work would continue as nothing ever happened of course at a slower pace. Here we are giving potential investors an enormous opportunity to profit, the total supply, for now, is hidden but the price is a bargain throughout the entire ICO.
