Topic: EventChain ⚡Solving Ticketing Problems on the Blockchain - page 16. (Read 48143 times)

Excatly. And funding was lower than expected yes, but it was something at least.

Why tokens will be locked? Why not to burn unsold tokens?
But anyway 3 years its a huge period.  
[/quote]
it's probably to incentivize the team to make the project successful. if it is they will be rich of the tokens.
[/quote]
Can't be the reason. I would like to hear an feedback of the team about this, because it would be not such a nice move if it is for this purpose.
[/quote]
From their slack:

"If the cap is not reached the remaining EVC not sold out of the 54.6 million in the ICO will be not minted automatically, lowering the market cap  and the supply temporarily. the Max supply is always 84 million. Those 54.6m allocated coins will always still be allocated to the public and are not for the team. The remaining tokens can be used in the future for airdrops, giving back to the community, rewarding early ICO participants, and future funding for project expansion."
[/quote]
Hmm, not convinced by that answer. Who knows what will happen after 3 years. The airdrop thing is a little strange, they didnt to airdrop now, why would they do it in 3 years.
[/quote]


Maybe they make another ico after some years. It's not unlikely.

I am happy that they won't cancel the project if it won't hit soft cap.
[/quote]
Canceling this project would be a bad idea because I think there are a lot of people who want to use their platform in the future.
Event ticket market is huge.
[/quote]

Burn the unsold tokens and lowered the max supply could be the better solution I guess. Therfore the early investors will remain confidence to this project.
[/quote]
Yes, just burn the unsold token and declare it
Make sure to burn
Then there are certainly a lot of people willing to attend
Many people like to invest a lot of money in the late encirclement
It is not wise to cancel this project and it is also insignificant.
The team to actively do the actual thing, do not think of short-term packaging funds.

Burn the unsold tokens and lowered the max supply could be the better solution I guess. Therfore the early investors will remain confidence to this project.

Right, I'm glad they won't cancel the project even if they don't reach soft cap. A lot of people are waiting for their platform getting functional.

Canceling this project would be a bad idea because I think there are a lot of people who want to use their platform in the future.
Event ticket market is huge.

In slack they said "Our SC is 2000 ETH."

here is the link to the crowdsale progress  
https://tokensale.eventchain.io/

As far as I know the ico goal is 20,000 ETH and hard cap is 50,000 ETH. Or am I wrong?

I can find information about soft cap. But I think they ll launch project in anyway. Because they have a solid parthnership already. And they cant abandon project after parthnership.

No need to lock tokens, cos those token will always be a subject of worry to investor. Best thing is to destroy it and focus on tokens already distributed.

what is minimum CAP require for this project to be start?

Im agree. It's okay if they will lock tokens for 3 years, its not a 3 mounth.
But they ll make project in anyway? if even they ll not raise soft cap?

The best thing to do with unsold tokens, is to destroy/take it out of circulation.

definitely. it would be a shame for the project to end because they couldn't raise the funds they needed.

Maybe they make another ico after some years. It's not unlikely.

I am happy that they won't cancel the project if it won't hit soft cap.

Hmm, not convinced by that answer. Who knows what will happen after 3 years. The airdrop thing is a little strange, they didnt to airdrop now, why would they do it in 3 years.

thank you for the link.
just took a view on the roadmap again we all know the partnership with iflyer.

are there rumors about new (big) partnerships?

Just check https://tokensale.eventchain.io/

Right now they've got 1050 ETH - 38.45% of the goal. Currently on phase 2 at a 15% bonus.

From their slack:

"If the cap is not reached the remaining EVC not sold out of the 54.6 million in the ICO will be not minted automatically, lowering the market cap  and the supply temporarily. the Max supply is always 84 million. Those 54.6m allocated coins will always still be allocated to the public and are not for the team. The remaining tokens can be used in the future for airdrops, giving back to the community, rewarding early ICO participants, and future funding for project expansion."

How's the ICO going?
Any updates regarding it's progress?