I wanted to know - does the project have soft cap? and what will happen with unsold tokens?
Softcap is 35,000 RCO sold > 140 ETH > approx. 50,000 USD.
Unsold tokens will go to second ICO round. Not sure if the softcap is just for the first or also for the second ICO round, I think the former is the case.
That's one of the lowest soft caps I've seen lately.
Well this will make the project go forward anyway. I do hope it will be a bit more, cause 50.000 USD is a small operating budget.
Actually it's a plus in my opinion. If they just raise the softcap they can build the simplest version of their product and showcase it in just a handfull of restaurants. With the product up and running, positive reviews from those restaurant owners, data about its performance readily available and tons of demo footage of the product in action, they can then start their second ICO stage. This 2nd stage is to raise funding for a real sales team, support team, purchase of ipads, further development of the product etc. To me this two stage ico really makes sense.