What will happen if your project dont reached the softcap? and what will happen with unsold token? will you burn the unsold token?
Hello Ellawow,
Thanks for your inquiry!
Q1) What will heppen if GlobeCas project cannot reach softcap?
If our project cannot reach the softcap, we will refund to the contributors.
Q2) What will happen with the unsold token?
Most of the ICO projects will burn their unsold token. However, it is not fair to the contributors, since the contributors' token will be diluted.
For example, there are 100 token issue the owner holds 50% i.e. 50 tokens, investors bought 30 token and 20 unsold tokens have been burned.
The percentage of owner vs investors is 62.5% vs 37.5%.
That is why we airdrop the unsold token to the contributors according to the token they bought. So the ratio remains unchanged.
In the same example, there are 100 token issue the owner holds 50% i.e. 50 tokens, investors bought 30 token and 20 unsold tokens have been burned.
Airdrop the unsold tokens will make the same case to 50:50"
Please feel free to let us know if there is any question or let us know about what you think about this project.
Cheers!
