Hi! Unlike many other blockchain startups, we anticipate that only 27% of the total costs will be spent on product development because a lot of essential components of the system have already been developed and tested.
The funds that we raise beyond the soft cap will be invested in sales marketing activities, which will help us sign up more merchants more quickly, creating a stronger network effect and delivering the product features faster. Additional funds will also be used for the opening of new geographical markets faster.