Napoleon Crypto Platform (including website, Index publisher, Reporting system and Voting system) - 4000 ETH
As I understand, this is minimum requiments raised funds for working project?
Where did you get that? the min cap is 25000 ETH
In their whitepaper... on page 11. Oh... really. Min cap 25k ETH...
Min Cap = First ICO tranche 25 000
Yeah , they cant continue the project with only that 4k ETH budget.
Need some other (asset management license, set up cost etc) like in the whitepaper.
I think that 25k ETH is the minimization of the 40k ETH soft cap.
Did I miss something ? From where are those 4k you're talking about ?
I am really wondering what would happen with the project when the NPX indeed reaches the soft cap but then won't raise the 20 000 ETH SC in their DAF ICO. That would mean that there bots got no money to trade with, right?
You are right in your analysis. What is clear is that we would be reluctant to launch a DAF that is too small in size because of some fixed cost. Below 5000 k ETH it might not make a lot of sense. So in theory we would launch a DAF even if we do not reach the 20k ETH mark to do so. If for example, we raise 30k ETH above the 40k ETH target, it is very likely that we would launch 2 DAFs with 15k ETH each. With regards to DAFs that are launch with external money, we would not want to go below this 20kETH because you might have additonal costs as they will pull money from investors and for security and transparency reasons, we might have to implement a specific structuring to make everyone happy and safe.
As promoter of this project, our interest is in launching the first DAFs asap in order to initiate this long series of DAFs that will generate money for all of us.