I think that 3M for this project is very small. A little more advertising and would have collected and 5 million.This business is ready for more than 50%. This is a strong argument for investors.
It is impossible to have $5M collected funds. As you can see, it is stated in the ICO website that the ICO will end on May 30 23:59 or when the $3M cap is reached.
Yes, According to the devs from slack conversation, They don't have plans to extend the 3M USD cap and they will stick to the plan. So the maximum 3M cap will govern even if it reaches early. The only thing that all investors will do is just wait for May 30 for the distribution because the distribution date is fixed.
ICO will of course end on May 30 no matter what will happen and because the project already have the minimum cap, the project will continue. Hopeful for the team to have funds for the licences though. Maybe another crowdfunding for it?
I don't think so. I think the funds for the license are already in the 3M USD max budget and they will start to operate immediately one they reach sufficient fund and it might give to them an advance profit for theri license. Another crowdfunding is quiet impossible to happened. It is just better to extend the cap rather than to launch Crowdfund again.
Based on what I read about their plans for the project. They will start immediately to operate once they reach target amount that sufficient to cover the operation, They listed also their step by step goal. Their main objective is to start immediately right after they acquired sufficient fund. The only event that we are waiting for the end of the is just the distribution.