Faba token is a venture capital token, in this industry the diversification matters, therefore I believe to raise more means to make more investment cases that would increase the chance to invest in unicorn which will create the ROI for investors. Based on this I would say the intention to raise more funds is logical. But the lowest softcap for VC funds would be somewhere around USD 3 -5 M. As more they raise better for me and those who have already invested in this case.
Can you provide us also the actual amount of how much you raised from your ICO stages?
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Also, your ICO is very long. I wonder if you can really get enough investors on board.
If you invest this year in this project, it's like you can't see your roi for a year.
Given the fact that your token is relatively expensive as compared to others.
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We raised USD 2 576 573 in private sale in FIAT. We continualy invest in promising companies even during the ICO (the portfolio top companies are mentioned on our website) therefore we can afford the longer raising period considering the hardcap of USD 67 m.
The hard cap in my opinion is too ambitious! Why such overwhelming amount?
Longer raising period for investors means longer waiting to see their roi.
So for those who want to see their investments in short-term, I think this is not for them.
Also, you have no assurance that the price you got during ico will be higher or at least the same once they are listed.
Token sales have started from 7 months ago or march in private sales and to this day you only collect $2.5 million. Indeed, you still have the next few months to run the ICO, but I doubt the $67 million hardcap can be achieved. If hardcap is not reached, will you continue this project?
That 67 million dollar is the hard cap and I don't think it can be reached.
For running the project, soft cap is enough.
Soft cap is more than enough to run a project.
That's why it is called soft cap. There's no reason they will abandon this project even if they raise only the minimum target.
Otherwise, they are just being greedy if they want to attain the $67M hardcap.