Hi, is it correct we get the funds back if the ico goal will not reached? If yes how is the process, what if the btc have come from a exchange like polo? If i am properly informed you cant just send the btc back to the sender address.
regards
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@alexlogin @abyss_X
Our minimum target was 900 BTC. But even though we are not at this minimum today, Adel will enable a voting to decide whether to proceed with Adel. We are passionate about Adel, and have great plans for the ecosystem, so we will present a compelling roadmap to the participants of the ICO, even if we don't reach our minimum. We believe those who contributed to our ICO are passionate of our vision. Whatever the result of the ICO we plan to plow forward with Adel, because the seed capital already raised is enough to establish momentum to build the second phase of our ecosystem (see our roadmap in WP#10).
We believe that Adel is currently the most undervalued ICO at the moment. Even after the ICO, we anticipate a second wave of participants because the ADL coin will be listed on the exchanges could significantly increase the value of ADL. We have also releases a plan in WP#11 that gives ICO participates a significant return on their investment if they vote “Yes” to proceeding with the Adel ecosystem plans.
The decision to proceed will reside with those participating over 1BTC in the ICO, as they will have membership status in the community. This voting module will be ready shortly after the ICO is finished. We have presented a great plan in white paper #11 to move forward, because we believe that our platform has a strong future, and we feel that those who have contributed more than 1 BTC also believe in this vision. It is very feasible to start the Adel Blockchain incubator with the 600K+ Euros we have already raised so far.
The way we look at it - everyone wins:
- Participants Win: The participants get a better return due to a more attractive bonus structure (up to potentially 40% in ADL bonuses). Participants who get their contributions in ADL will be able to sell their coins on the exchanges
- Community Wins: There are two more rounds left to expand the community and incubate more projects!
- Ecosystem Wins: The market cap is higher (3x more, for example raising 300 BTC in the ICO)
- Adel Wins: Adel establishes a reserve to raise more funds for projects in the exchanges (the funds will stay in escrow till the 2nd phase license is obtained, as with the original plan)
On our Nxtchat Slack channel we have added a spreadsheet comparing the benefit of the new plan for participants:
https://nxtchat.slack.com/archives/C3R8ZURFX/p1495780520949657 Here is a link to the video:
https://vimeo.com/219184915/0d3bd307f0 So we don't see any downside in the revised plan. Our plan sets the stage for a bright future. We hope everyone agrees and sees this potential.
