Post
Topic
Re: 🚀 LOLIGO - World’s 1st ICO Safety Ecosystem
by
loligo_official
on 23/09/2018, 22:48:24 UTC
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.


And to what will you direct other funds apart from soft cap if you reach the hard cap?

Hi Kuksi

the funds distribution is not depending on the raised amount.

basically 50% of funds are dedicated to R&D.

if soft cap reached, these 50% will be allocated as described.

some features will be be engaged following softcap schedule, due to the available workforce

If hard cap is reached all the features will be developed, and all the process will be engaged immediately.

A detailed funds distribution is available, you can pm team in our channel and feel free to ask questions

Thank you

Do you expect to be affected a lot if you dont  reach hard cap,or all is good as long soft cap is reached?


Hi Samson_bbl

Affected ? sure.

A lot ? no, only the delivery schedule may be affected,

Thank you