target cap- this is soft cap or no? I seen, that they have 25k ETH soft cap. But now, i dont see any info about soft cap. Only target and max cap...
They changed the cap. Stephane Ifrah explained it on the 17th.
Dear all,
Just a quick message to tell you that KYC process is ongoing and running smoothly by now. We will communicate shortly on payment processes that should start early next week. We will make the last update of our Whitepaper prior to that to fix all the parameters.
After numerous discussions on our various caps (min, hidden, max) with our community, it appeared that it was too complex for the coming mass marketing that will start on 4th December. Therefore we have decided the following simplifications :
1. For transparency reasons, we are revealing our hidden cap which is 60k ETH and setting our max cap at this level, removing the hidden cap mechanism
2. We are also removing the min cap of 25k ETH which was not really readable vs the 40k ETH target cap.
The 40k target cap does not seem to be the same as min cap though.
I don't get why there is even such a thing as a hidden cap. what's the point of this?
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