Our minimum amount is 100,000. We do plan on refunding investors of the TEC if we don't reach the minimum goal. The ARK Team is escrow so if we don't reach the minimum 100,000 the funds will be given back to the investors. If we reach 350,000+ we have stretch goals set in place. You can find our advanced funding tiers here:
https://blockpool.io/docs/BP_PROCEEDS_A.pdfRegards,
locohammerhead
You have mentioned min amount as $100K but in the PDF document you have provided link, the lowest amount mentioned is 500BTC ($500-600K). Please can you explained how can you go ahead with the project if the funding is less than 500BTC?
In the first page the list of directors/developers is around 8-9, are you guys planning to work free for a year till product is developed?
The 100,000 is so we can get the full mainnet functioning with all current ARK features and to start work on the Smart Contract system. The team has been working for free for the past year and half. So we will be taking a small cut while leaving more than enough to ensure developers are happy. We are updating the Use of Proceeds document to show this.