What happens if you don't raise enough BTC ?
Currently there has been collected nearly 25.5 BTC. Without good marketing achieving 1,333 BTC is nearly impossible. Marketing is everything today, people at first put packaging before the content, sadly, but that is how the way world runs.
sadly but you are complete right. This is what we are experiencing now.
we do not have a specific target. We only have a limit set. So for example if only 10% of the limit get filled, then all existent ceal-tokens are divided upon the supporters (of this 10%).
Thanks for the response ca333, and sorry for my own delayed acknowledgment. I suppose the main reason I asked this (as a newbie somewhat in crypto development anyway) is that I understood that the initial crowdfund was for release to the developer team. Do the developers not have a specific funding target or minimum needed? Surely they have costs that need to be met. Is there no theoretical minimum for the project to succeed?
Or have I misunderstood this concept of funding completely? =)
I do see a few questions above on the possibility of relaunch or refund so I suppose that does partially answer the question of what happens if not enough is raised. But any other insight you can share is much appreciated.
Thanks in advance for all your help.
Hi buwaytress, if we do not make better progress with the funded amount in the next days we are probably going to relaunch the crowdfund campaign in the next 2-3 weeks together with a layer-4 release and more development progress to present to the supporters. It would not make much sense to harm the ecosystem and potential of this project by distributing the tokens upon just few people. We have been reconsidering this the whole last 2 weeks and came to the conclusion to better do it more well-planned. Our team also thought over the early-adopters bonus, which was redesigned completely for a possible restart.. I hope my answer helps you.
By hook or by crook, we are launching cealNET and will do this as well as in any way possible.
thank you,
ca333