Isn't your hard cap target of $50m too high considering the market condition? And I see on the whitepaper that there's no soft cap target. Do you have strong private investors who can help you get the targeted amount so you can complete your own blockchain?
This is a good question!
Current market conditions are challenging and outright adverse for token sale at the moment. As of today, the exact date of the TGE has not been set. It will be determined based on the maturity of the project and on market readiness.
With the right timing of InBit token issuance, the rapid and efficient adoption will be achieved with less effort and lower risk. Before the token issuance, we plan to hold a crowdfunding campaign, in which participants will get an opportunity to invest in the company engaged in the development
of the products for our ecosystem.
At this point, it would be premature to speculate about whether or not we will reach the 50 mln. hard cap for the TGE. The ecosystem development will be financed by the funds raised during the crowdfunding equity campaign.
Furthermore, subsequent rounds of crowdfunding are planned upon reaching certain business development milestones.