I understand that soft cap was reached, would be nice to know how much funds has been collected so far and what is the hard cap of Lynked.World?
Hi OrganD0n0r
You are right, soft cap has been reached as it's set at 5,000,000 USD and currently more than 6,200,000 USD is raised . Hard cap is set at 25,000,000 USD.
How you going spend all those funds,what will be priority?
Hi Hesham_Gu
This is how we plan to distribute raised funds
Marketing (50%)
Investment in different marketing efforts with partners and using PR agencies to increase brand presence, showcase product, onboard end users and businesses using digital media, events, conferences and so on.
Development (30%)
Efforts in developing additional features of the ecosystem, smart contract developments, architecture enhancements, collaborating with partners to integrate new features and completion of other milestone objectives.
Operations (17 %)
Corporate development and expenditure across various company expenses such as premises, facilities, travel, administration, taxes etc.
Legal (3%)
Regulatory and legal expenses.