Quote from: emage on October 08, 2017, 11:09:58 AM

Some questions regarding the CIF ICO

- Is there a minimum limit of BTC for the first ICO period that has to been gained?
- How are the CIF token valued 1 CIF = $0.01 USD?

Hi Emage - Devvie hit the nail on the head but let me elaborate father regarding the evaluation.

So - as our project does require some funding we are looking towards 500 BTC as a minimum. Our project can scale based on the level of contribution however 500 BTC would be comfortable to achieve what we'd like to do. There is no limit per period as the total BTC will be counted over the entirety of the ICO.

Secondly You asked how we pinned a value to CIF

Well - we took a conservative evaluation of $CIF if we hit the 500 BTC target. This allows individuals a better sense of what they'll be receiving once the ICO term is completed and what they can expect CIF to trade at once we release it onto exchanges.

There are two possible outcomes when forecasting a price - either we come in at less than 500 BTC (not ideal) and each individual gets more $CIF per $1 contributed, or we come in a higher than 500 BTC and each CIF that each individual has is now worth more. What we're doing is similar to the forecasting of short run performance of initial public offerings - it's a very common practice when dictating value of a future priced asset.

These are all great questions and I hope that clears some stuff up for you.