We have set a min cap @25,000 ETH for having enough resources to kick start this project with a target @40,000 ETH. However, we have not capped our ICO at this level just in case we get much bigger support, which would enable us to be more ambitious regarding our development plans. The formal cap will be set @100,000 ETH with a hidden cap below to give an incentive for potential investors to join early as oppose to late in our ICO.
We have decided to communicate on our needs in ETH as opposed to USD like everyone else do as we believe that's the right way to do it given our objectives to manage crypto assets.
Thats a big min cap nowadays.
Really hope this cap is will be reached very fast and we not have to wait until the last moment...
I'm convienced in this project and I hope a lot will follow.
Keep it up devs!
The advantage of running a greenlist is to get some indications on potential investor appetite. The trend has been quite good on this front and we're on target to achieve this target before the presale starts (10th October). We can close it anytime before this date if we have enough commitment.
Just heads up on greenlist/whitelist contribution commitment. A few recent ICOs have experienced that less than 20% of commited funds actualy was put on the table.
We are conscious that as long as we are not asking people to actually commit the money, these are just promises. However, this is a way for us to gauge market interest in our project and to offer these early people to get a bigger bonus should they decide to finally commit to our ICO. And thank you for sharing this statistic.