Hmm, very huge hardcap.
I just saw your milestones, what will happen if you cant reach 150k ETH? the milestones wont be achieved/complete?
Hello, This is the maximum amount equals in ETH that we are selling CCOS tokens in pre-sale. If we met this cap then the pre-sale will be closed.
The base of the question is your alternative action should you not meet the minimum cap. You have not cleared that point.
what will happen if you cant reach 150k ETH? the milestones wont be achieved/complete? You have a good project.
Hi MainIbem, thanks for your feedback. I understand that this is the most important question that many of the community members want me to answer. I actually answered this question in this conversation yesterday.
Its true that our hard cap seems to be high but there is much more to it to build a modern all-in-one financial platform like the CrowdCoinage OS than just the development process. We have to apply for at least five different licenses and permissions in order to offer the services that have been promised on our roadmap. These are not cheap and many of them require us to hire a certain quantity of qualified staff or people with special skills and knowledge. We also cannot forget the marketing and PR bills that need to be paid when we start expanding our services for example to Asia were ICO-s have been banned by many countries.
Currently we are working hard on our first beta/prototype version that includes the crowdfunding, ICO campaigns and escrow functionality and it will be launched very soon.
The roadmap is an indication of what will be developed when a certain amount has been met. We have agreed among the founders that we are going forward no matter how much funds would be raised. Even in the case of not meeting our hard cap during this ICO, we are going to deliver all the financially feasible milestones provided on the roadmap. It's important to bare in mind that 50% of all CCOS tokens will be sold during this ICO campaign. We've had great response from the community lately and when you guys believe in us and we get your trust and support we can launch another token sale to meet all the funding requirements needed for our further developments.
Thanks,
Peep