They're trying to raise 100,000 Eth, that's a lot of money for a small startup. I also read 65% will be used for developing the system. I don't know much about building software, is this a normal amount?
They've over 10 people in the team so it's not small company. And they're going to hire more people to release the product soon. There are really good numbers.
It's still more 3.6 million USD per team member and they also keep a percentage of all tokens in reserve. If they get so much from the token sale alone why would they continue working on the system?
This money not only for devs. This is for development, marketing, taxes, etc.
But Im agree. 35 mln its too much. 10 mln - its a good amount. So, we will see, how much they will raise.
Well, no one is saying they will raise 100,000 ETH. This is the hard cap if I am not wrong. Recently we don't see a lot of ICOs reach this amount or their hard cap at all, so it could be that they will just reach something on the way to 100,000 ETH.
Well, I think we should focus more on the softcap for this project.. if they reached that cap, the project can lift off...
It's always a risky thing to trust such projects putting high targets like this, and indeed.. there's always the possibility that vaporisation is the result... but with closed deals with IBM and other big players, they can't afford going into vape mode.. I'm eager to see this unfold to a success
Yep, first focus should be on the softcap. If they can reach it then that would be enough to start the project. Hardcap is a bonus and it will be hard to reach I think.