how much has been raised so far? what happens if the target is not reached?
Initially they said that they needed 1000 btc for the project to continue.
It has since been changed. Now you will get all the things on the roadmap but some of the extra features not on the roadmap will be cut.
No, they didn't say 1000 is required to "continue". Get your facts straight, you are misinforming users.
There is not official minimum amount. However, no less than 1000 BTC would be required to develop this platform and to build our sales, business development and marketing team. This is the minimum amount required to have the capabilities required to make this project a success. In the unlikely scenario that we did not exceed this amount, we would refund all investors. I am confident that we will exceed this amount.
They also said they would return the BTC. Then changed the terms mid-ICO.
So you are saying that they would return the BTC and still deliver the product?
Not continuing the project is the same as cancelling it as I see it. So my facts are straight.
let me brief the situation that i read them in recent weeks.
1. ico terms says no refund.
2. OP said they will extend the ico period until they get 1k btc fund or cancel the project if 1000btc fund is not met. 1k btc is not enough for the roadmap(means refund)
3. People shouted "it's unfair! it is against the terms". Therefore OP changed his mind, said: it will continue even if 1k not met.
4. OP said 1k fund can support the whole roadmap and some projects don't show on the roadmap, imo these words to encourage us to invest.
so, no.2 and no.4 are interesting, contradicting himself. IMO now that they form a startup in UK, if the fund is not required, they can spend their own money, because they own 8M tokens, it is worth serious money if the project will be done.
That money will be much more than the money they spent.
