what will happen if soft cap is not reached?
I wonder this too. In the WP, it says that the hard cap goal for the pre-ICO phase is 180.000 ETH or a
maximum period of 30 days. Worth asking in their official sns channels about what happens if the hard cap is not reached. My guess would be it gets burnt.
Hard Cap for Pre-ICO is 33.500 ETH
Hard Cap for ICO is 180.000 ETH
All tokens which are not sold in the pre-ICO and ICO phase, will be transferred to the post-ICO reserve. As our token is utility token and it is usable in post-ICO phase.
Do I understand correctly that the utility token applies that it can be only used within the HeadStart network (unless converted on the exchanges to another crypto or fiat money)? If so, what services exactly are to be available for HeadStart users?
Also, after the unused tokens are transferred to the post-ICO reserve, will it be possible to users to get gold of them? Are there going to be more sale actions, or are they meant for different purposes?
I must say I'm pleasantly surprised with the quality support and positive feedback I have been seeing from the HeadStart's developers' side, good job, guys.
Post-ICO reserve is operational part of our platform. Unused MOAT will be transferred into the new smart contract (one of our 5 smart contracts in our operational period) who will constantly have flow of MOAT in and out from it. When ever new users or existing decide to fund some Project, they will transfer funds on our platform in that smart contract and they will receive MOAT. When ever our platform makes profit on trade of Project tokens X,Y,Z. We will use 80% of the profit made to buyback tokens on the exchanges from the token holders, regardlessly what the price of our token is on the market. Those MOAT token purchased by our platform will go back in that smart contract, and so on and on. Circulation of MOAT trough that smart contract will never stop.