Quote from: MrAtom on September 02, 2017, 08:53:29 AM

Quote from: lewisbarber on September 01, 2017, 09:00:27 PM

Quote from: MrAtom on September 01, 2017, 08:31:41 PM

What is the cap for this sale?

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

Thank you Lewis,

I like that you will be joining the Bancor universe as I'm also a Bancor investor and supporter

Is there a minimum amount you need to raise to go forward with your venture?

I look forward to this sale, all the best!

Lewis answered this in telegram before

There is no 'minimum cap'. The level of demand we have received from pre-sale registrations already exceeds our projections and expectations, there is no concern regarding not achieving a sufficient level of participation in the SHP sale to deliver the platform/protocol according to the schedule outlined in our roadmap. In addition to SHP participation from the community, we are looking to onboard VC investment post-TGE, and have received enquiries to this end.