folks, did the pre ico successful??
also, what is the minimum cap of the ico?
i cant see it in the portal. only the hard cap is there.. can anyone cares to answer?
Hello, yes we have raised 1200 ETH to date...We are currently in the first week of the official Token Sale 20% Bonus Round...please visit
http://vibehub.io/ico for current progress of the token sale...thank you for your interest...and also we have no minimum cap...we are committed to the development of this project, a successful token sale would mean we can increase our team size and have a marketing and promotional budget which will allow us to secure the right partnerships. Which will promote the platform as well as increase demand for the VIBE currency. Which in turn benefits us all.
so is this means that whatever amount will be raised will considered the ico as a successful??
also just wanna ask about the bounty pool,
you said will allocate a Total Bounty Budget for
4 million VIBE.. considering the exchange is 1 eth = 100 vibe tokens..
im just wondering if that bounty pool is based on the tokens sold or is that a fix amount? no matter how much tokens will be sold.
To answer your questions, first yes we will consider any amount successful. This project is something we are passionate about, most of us are developers and we have been actively developing this platform before thoughts of a token sale. So ultimately the support from the token sale will allow us to grow at a faster rate. Allowing us to build our AR facility, expand our team, and secure the right partnerships...
Your second question about bounty pool, seems to be misunderstanding...that VIBE exchange rate you mention is not accurate, thats for VIBEX...we are selling VIBEX tokens at exchange of 1ETH =100 VIBEX during token sale(without bonus)...and those will be exchanged for VIBE after token sale...we will know exactly how much after token sale... the VIBEX are like stakes for the pool of 160.2m VIBE...after the token sale we will know how many VIBEX total there are...then we divide 160.2m VIBE by total VIBEX created...and multiply that by participants VIBEX total to get how many vibe they will get.
So for bounty programs we have set aside fixed amount of the actual VIBE coin that you are earning stakes for...we will not know the final price of VIBE until after the token sale...we felt this was a fair way to allow the market demand to set the price for VIBE. I hope that clears it up for you.