Question to the team (which praiseworthy answers here again and again)
Is there a plan B if you can not reach the softcap? Maybe you interrupt the ICO until the market has recovered?
Is there a plan B if you can not reach the softcap? Maybe you interrupt the ICO until the market has recovered?
Well they have four real options:
1. End the token sale and close the project (if you can’t raise the softcap you’re probably going to struggle in business as there clearly isn’t enough demand).
2. Pause token sale, continue working on development, re-start token sale when markets have picked up again.
3. Close token sale and Try to secure private funding from VC’s, angel investors, banks, etc..
4. Try to develop project with funds raised even if they are below softcap level, lower the budget, less workers, etc..
There’s a few different options most projects pick option 2 or 3 because it’s hard to give up something before it’s even started.
Yeah it doesn't tell well about the team if they give up, but hopefully all this scenario you outlined wouldn't be the case, they should up there game if that's what it take.
I agree with the second option. It is the best to pause the token sale if things are getting bad. If the softcap has not been reached, and they did nothing to prevent it. That would be sad.
Yeah, Second option is really okay. If their Token Sale didn't hit for now they must really pause it and keep more developments of the project and resume the sale again.
I am fine with any of the options from 2 and 3. Definitely not a good idea to stop the project especially when the project is very interesting and have so much scope.
Yeah, Stopping the project will really going to make things more difficult. Their investors will going to get mad about their investments. But I know CCI will not going to do that.
cause they can keep the project running meanwhile doing promotions here and there!
and i think they can get to Softcap after second stage of Crowdsell!
