Post
Topic
Board Tokens (Altcoins)
Re: ☘☘☘☘️☘️EDGELESS CASINO ICO LIVE! ALREADY RAISED 50K ETH☘️☘️☘️☘️☘️
by
coreMCbb
on 19/03/2017, 06:57:49 UTC
Let's take a look at Edgeless milestones. If we say that the Ether price was around 10 EUR when they were writing their Whitepaper, it looks like this:

  • Milestone 1: 50 000 ETH (around 500 000 EUR)
  • Milestone 2: 110 000 ETH (around 1 100 000 EUR)
  • Milestone 3: 190 000 ETH (around 1 900 000 EUR)
  • Milestone 4: 250 000 ETH (around 2 500 000 EUR)
  • Milestone 5: 360 000 ETH (around 3 600 000 EUR)

Given that the current price of ETH is around 50 EUR, and they have raised 56933.88 ETH, they effectively have 2,8 million EUR raised. So they reached Milestone 4  Smiley

You can see it in the website, they set the milestone in Ethereum as unit, not the fiat EURO as unit, so it is still milestone 1.

https://edgeless.io/en/crowdsale

Yes, but they said on this forum that after the ICO they will adjust the milestones based on the new ETH price. After all, they will have to pay out salaries and costs in EUR.