I could not find any information about the team. Who is developing this project? Also, it says the presale starts in a month, but the public sale will not start until next year, what is the necessary cap to reach to continue this project?
Thank you for reaching out with your questions,
We would like the idea (outlined in the official whitepaper, roadmap, and additional resources) to initially represent the project. Collectively, the team has decided to remain anonymous at this stage due to safety and security concerns. Our team is confident that we can manage the project and continue developing it to its fullest potential.
The presale beginning October 15, 2020 allows for an accredited investor to purchase an early, minimum token amount. We’re hoping to use the month between the end of the presale and the start of the public sale to work on bringing the governance platform to life and to have a better opportunity for presenting our project to the crypto community. We’ll continue to work on the platform through the end of the public sale, hopefully releasing the governance platform by early Q2 2021. Leading up to today, we’ve been working on the project’s whitepaper, initial project development, and kickstarting the buildout of the governance platform.
The necessary cap to continue the project, as described by the soft cap in the Token Allocation Chart on our website, is 500,000 TMX during the Public Sale stage (10% of initial token supply, 20% of token sale allocation). This established softcap was determined through market research and a calculated token amount that will set up the project for long-term success.
Thank you for engaging with our post and project idea. Please feel free to let us know if you have any further questions. We’ll be more than happy to answer them!