Re: [ANN][TGE] Jarvis - Hybrid multi-asset exchange

Hello, I see that you have a buyback program, could you please tell me how this program will work? And also how much is your softcap?

Hello!

So there will be two programs: one to refill the strategic funds, and one for destroying tokens. Destroying token is to reduce the total supply; it will be done with not more than 5% of the profits, and not more than 3% of the token per year. It will increase the revenue per token; refill the strategic fund will help the fund tokeep distribute token to partners, influencers etc.

Still, can you tell us what are your soft cap and hard cap and at what stage you are now in terms of money raised. The success of any project starts from the funds collected, right?

Sorry I missed the question.

1.22M has been raised so far (so 5% already). There is no soft cap, we will do the project in any case scenario, we have already done a good 60%; the hard cap is 21M. This money will mainly be used for liquidity and licenses. The project is viable if 500M are raised, but in that case we will not have enough cash to setup our own liquidity pool and will have to rely on partners liquidity; so this could reduce the profit on the short term.

Great news at least, they raise few millions. So anyway the project moving forward