How much of the funds will be allocated to R&D team, as I understand that development will come in stages and will require stable finances to be able to deliver all that is being promised.
Hi Mladiornitolog
50% are allocated to R&D
Thank you
Whats your hardcap actually,how much you plan to raise?
Hi BoDerek
Our hardcap is 12M
A minimum of softcap allows us to develop the blockchain, access apps and list the token
Thank you.
Do you have "plan B" in case you dont reach soft cap?Its tough market situation at the moment,thats why im asking.
Hi Ajutokintumi
Excellent question !
The reached caps depend on many parameters: market, buzz, news ...
But the perennity of the token depends only on the project and its utility for long term
We can admit that the softcap may not be reached
The success of a project does not depend on the first raised fund. Several projects have raised their funds during many parts like eos.
on the other hand, some projects having raised their softcap have disappeared
As long as the utility of the token is current, the fundraiser can continue.
LOLIGO remains the ultimate solution for the problem known under DAICO.
unless people stop using blockchain for ICOs
Thank you
Since you set your soft cap at realistic amount of 950, 000 USD I have no doubts that you will reach that.
I think it's important to keep things realistic and not ask for crazy amount of money money as it's not realistically needed, so it's not a surprise that many icos that reached hard caps of more than 50 million USD failed in the end.
So with 950,000 raised you will be able to see follow milestones on roadmap without any delays?