thank you for informations HristianD,
as a phisician I want to believe your project will succeed. It could open doors for something really usefull not just a cash grabing project.
good luck
Thank you for the feedback!
I am currently based in London for a 6-month acceleration program for OS.UNIVERSITY, funded by the European Commission though the '''Erasmus for Entrepreneurs'' program, (
https://medium.com/the-os-university-blog/european-comission-awarded-os-university-with-a-financial-grant-for-further-acceleration-c10456623d23). SO I can reassure you that if we would not fail the community of backers, because before we got into the ICO-space, we were already responsible in front of the institutions we represent, and which have already backed us far before the launch of our tokensale.
Having said that, we need to be clear - 90+ percent of startups (even academic spin-offs as ours) fail. These are the facts, and the crypto-world is no-difference, but we have the strong institutional backing of the Technical University of Sofia though the Center for Open Science, and our system will be live to serve both the University and other universities and learners worldwide, no matter the outcome of the tokensale. As simple as that.
Therefore we use to say we don't have a soft-cap, because what is a soft-cap if not a statement that you won't work on your project if people don't give you their money... This is by far the most scandalous idea in the crypto-world, because it is a disclaimer you don't really belive you are capable of executing upfront. In contrast to this concept, we build a system, which we love, which our partners support, and which at least according to certain BIG names such as Hewlett Packard Enterprise (
https://livingprogresschallenge.hpe.com/idea-awards/) the world needs! (check for the Open Source University among the top 10 social innovation ideas globally)
For us, the tokensale is a fair way to raise funds for the project by distributing our token in advance, but as i said in my Bloomberg TV interview, it is not an end-goal. The hard-cap that we have does not mean that we are focused on selling the full amount of tokens that are being generated, which is what a ''money grab'' operation would be focused around. This amount of tokens is based on a appraisal, regarding the edtech market and our niche within this market, done before the token generation. The appraisal is available in our documents section at
https://os.university/project/ (middle of the page)
Instead of speculating how much of this overall pool will be distributed though the token-sale towards early backers, and how much will remain for the user-base to acquire through the platform in order to use our platform's services post-June, we are solely dedicated on building our platform itself, and advancing our research in the field in parallel. Maybe this is an odd strategy, maybe it is the right strategy. Either way, it is definitely not a ''money-grab'' strategy, I am sure you will agree.