Topic: [ANN] ACT- Citizens First🔥Supporting Social Justice and Social Accountability🔥 - page 4. (Read 15585 times)

Its a good question. Our approach is to check the WINGS forecast prior to deciding the pre-ICO soft cap. This will therefore be decided on Sunday (tomorrow) or Monday. The challenge with the ICO cap (and I would value your opinion here) is the price of ETH. Because we raise in ETH the price matters and that is dictating to us the idea that we should wait till closer to the ICO to announce its cap. It will be a hard cap though, we think.

So far running smoothly since 4 days of opening, the pre-ico has collected 1350 eth of course this result is good and will affect speed of the main ICO process in two months. Is there a recent update from dev? I want investors also very confident with ACT token journey.

I wanted to use this comment to weigh in regarding the state of play. This is because joganuts has really "done the reading"!

It is a fact that a double whammy hit our pre-ICO:

1. The whole crypto community had just experienced a massive crash in price, which only hit a floor two days before our pre-ICO.
2. The day before our pre-ICO the CoinDash team failed to conduct their ICO securely and $7million was stolen in the first few seconds of their ICO.

Many of the comments are looking at the "soft cap" which was choosen purely to reflect the WINGS forecast of around 15000 ETH. The WINGS forecast is outside of our control but obviously we could not cap far beneath its median, and it seemed logical to soft cap above the median.

Joganuts points to a key project figure of €150k, which is the costing from draglet.com for delivering the six modules of the ACT platform by 18th January 2018 (and first 3 before 18th November). We published this costing and project plan, in fact.

At the time of writing, and with 12 days still to run, the crowdsale has raised $150k. What does this say about the project? It says that this project as as on as it could be. This is a pre-ICO struck by extraordinary circumstances outside of its control but which the project - though happy to engage with all the ambition promoted through WINGS and by others - has been able to weather due to its design, conservative approach, and planning.

So, relating to points 1 and 2 where are we?

"2" did not happen on ico.daoact.org obviously because it sits behind Amazon Web Servers and Cloudflare rather in some server (perhaps in some kids bedroom).
"1" is now history. The rally has been strong and, if we are to be honest, the crash was expected and due.

What remains is the fact that the ACT project is 100% on track and that there remains the quite extraordinary opportunity to buy in at the 10x platinum rate. That means that if you do, your .1 ETH 1 ETH 10 ETH will secure as many ACT tokens as an ICO participant paying ten times that amount just four months from now.

Its up to folk like joganuts and other great people on this forum to keep doing the math. We are focused on the build now, but here to chip in where we can help.

Please clear your cache and try other browsers. Let us know in PM if problems persist. We'll help get you across the line!

What is your minimum target for this pre-ICO dev? I do not know about this yet

I try to "contribute" to this pre-ICO by investing some ETH but it doesn't work. Nothing happens after subscription with my email and the email validation... No interface to proceed to the transaction... An idea ? 

its not looking good for the ico
3 days and they only raised 700 ether

What is your minimum target for this pre-ICO dev? I do not know about this yet