Post
Topic
Board Tokens (Altcoins)
Re: 🔥🔥🔥 [ANN][ICO] BITFENCE - REMOVE HACKERS FROM YOUR NETWORK
by
MemoryMills
on 21/04/2018, 00:22:43 UTC
They have nearly reached half of there presale-goal. any idea what they will do, if they don't reach their goal?
Normally there is a softcap that you can also reach in public sale, maybe they mean with their presale goal the softcap?

To me, I don't think the pre-sales have much effect on the main sales thus hitting a target or not, shouldn't matter. As a matter of fact, I don't think it is supposed to have a cap in the first place

Well if you look at their whitepaper, they have annoyingly set the softcap in USD, $1,000,000 to be precise.

However if you look at the presale hardcap, it shows 500 ETH.

Therefore you need to convert the ETH into $ to work out what the presale hardcap is, if you look at ETH at its current price, the presale hardcap is 500 eth = $298,724.51.

So the presale hard cap at the moment is about 30% of the overall softcap.

Hope I have explained that correctly, please let me know if there are any errors.

Yea theyre getting fairly good momentum quite early on. A long time to go yet