Post
Topic
Board Announcements (Altcoins)
Re: [ANN] POPULOUS - Invoice trading platform | ICO l BOUNTY CAMPAIGN
by
Deanero
on 24/06/2017, 01:39:47 UTC
You say you think Populous might sell out in the presale, but on the Populous website, it says the "presale is practically uncapped."  So is it possible for them to sell out of an uncapped presale?

http://populous.co/ico.html
Quote
Presale terms
Presale is practically uncapped, so cap for every contract is set to 99999999 ETH.

Now that's dodgy.
The site states uncapped limit, but the support staff said ICO will end if ~$12 mil is reached (I remember it was $6 mil initially).
It also said the max is 36 mil PPT, so how is that uncapped limit applied?
Confusing at best.

Yeah, I'm not at all against Populous, I'm just trying to figure out the actual terms.


Guys,

The term 'uncapped' refers to the amount any one individual can invest either in one transaction or over many transactions, hence how someone just invested 3000 ETH.

'Uncapped' is not referring to the amount being raised.

A few more purchases like this and the ICO will be over before its even begun!