Hi MrAtom!

We're implementing a $10m USD hard-cap for the pre-sale, with the crowdsale hard-cap being undisclosed. The reason for this is that we're implementing "dynamic ceilings" during the live-sale, as pioneered by Status, to ensure an even distribution of SHP ownership and to make sure our governance and voting mechanism is not compromised by a concentration of SHP tokens in a few hands.

Therefore, we're advising larger contributors to join in the pre-sale, of which the first hour will be uncapped. We can tell you that the hard-cap of the crowdsale, and therefore maximum market-cap, will be between $60m and 90m USD.

We have committed to using anything raised above $45m USD for token liquidity. SHP tokens will be backed by the Bancor protocol, and we will calculate the exact reserve once we know how much we've raised. If there are excess funds above $45m USD and the Bancor reserve, we will reserve these to be used for additional liquidity in the future, as required.

Thanks,

Lewis