Quote from: OpenPackagingNetwork on August 25, 2018, 04:26:14 PM

Quote from: Kriskazy on August 25, 2018, 04:13:01 PM

Quote from: OpenPackagingNetwork on August 24, 2018, 10:32:43 PM

Quote from: Eazybee on August 24, 2018, 10:21:35 PM

Quote from: OpenPackagingNetwork on August 24, 2018, 10:16:43 PM

Quote from: 1richkid on August 24, 2018, 11:25:59 AM

The clause of refunding contributors if soft cap not reached is still prominent in your white paper. What is the plan? Will it be updated if soft cap not reached or refund is the plan?

That Clause have been updated. The project and platform development will continue irrespective of the soft cap reached Or not. OPN will move on to build platform.

Such strong clause. Admin, What was the rationale behind such putting that clause in the whitepaper plan?

Its normal for every start up to project minimum amount of funds or resources to be used for the execution of its roadmap objective especially in the preliminary years and stages of the project for it to find its feet. So after careful observation, soft cap was our yardstick. I hope that helps.

Very true. But my question; now that the clause of refund if soft cap not reached is removed, what happened? Are you intending to raise the funds to pilot the platform to completion or what's the plan?

Ofcus, ab initio our plan was not to fund the project 100% from us, else we won't have done a presale and ICO. That said, we are determined to build a world class platform for the packaging space and the determinination has gone beyond raising soft cap or not.

Secondly, due to current market situation, we have considered the community and investors that's why we have removed the "soft cap not reached refund clause from our white paper" and extended the ICO till year end. However, our presalw is ongoing and our ICO coming soon, we are confident that we will garner support there.

Oh wow. Much passion from your side I guess. Funding a project right now in such market will be such huge funding. 98% of projects won't do such. Wish the team succeed.