Quote from: Owillz on April 21, 2018, 08:43:11 AM

Quote from: cryptossi on April 20, 2018, 10:16:28 PM

Quote from: Owillz on April 20, 2018, 07:46:41 PM

Quote from: faulerwilli on April 20, 2018, 08:18:37 AM

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. You have done a good job to it. It's clear now. But I will want to ask, just for the knowledge of it, in what currency is it best to set hard cap?? In usd or eth??

It depends, a lot of projects, for example Bitfence, will set their softcap and hardcap in USD because fiat is level and this is the desired level of funding they need to develop their project.

However I do think it's confusing they have used fiat to calculate their softcap and hardcap because the price of Bitfence (HNY) tokens is pegged to Ethereum...

6000 HNY = 1 ETH, ETH can fluctuate a lot so it's hard for them to predict the amount they will eventually raise in USD/fiat.