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.
Are they an operating business with revenues or how are they going to realize their idea with $35,000?
Its on the whitepaper.
After the implementation of the project (beginning of 2018), the Company expects to profit from the following sources:
Convenience Fee making profit at a fixed rate of $1 from each receipt (approx. 25% of all profits)
Payment processing making profit from agent payouts for each transaction (approx. 2.5% of all profits)
Advertising broadcast of promo videos, banners, alcohol e-catalog (approx. 25% of all profits)
Loyalty cards the issue of pre-paid cards for payments in restaurants and stores (approx. 47.5% of all profits).