whats the difference of your minimum cap and the target cap? what if you will not achieved the tgarget and only the minimum cap, would that mean ico is not successful?
The minimum cap, is really the minimum we would need to kick start seriously the project but we would not have a lot of headroom to really accelerate the marketing process that will be required to launch DAFs. In the traditional asset universe, it is ver difficult for actors to emerge if they are too small at the beginning regardless of the quality of their team and strategy. It is a little bit unfair, but that's how it works.
We will need to prepare additional ICOs after this one for launching the DAFs and we need this first one to be a great success. Only time will tell.
but wht are you still have to have a target cap if the minimum cap is already your minimum cap? why not only have two caps, minimum and the max cap? i think many people will be confused about this one. even i got confused to.
Many ICO has hidden cap with respect to soft and hard caps. So, it's not confusing at all. They are just named differently.
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, and very happy to help.