Quote from: sockpuppet1911 on May 14, 2019, 05:25:23 PM

Quote from: Pivent on March 12, 2019, 05:06:21 PM

We are a team of two at the moment. Eric is managing the day to day operations full-time. Once we hit our soft cap of $500k, we will purchase our first facility and order the equipment. At that time will be adding one additional employee that is an experienced software engineer and miner to help with managing operations and development of our platform.

On your first ann post you are claiming that you have neither soft- or hardcap. Did you change this recently or what?

Yes, after discussing with our advisors, we decided to remove the soft and hard cap for our offering. This was done to allow us to immediately start using funds to purchase and deploy mining equipment and start the process of purchasing our first facility. So, we are essentially aligning our offering to match the traditional offering model as we are past the concept stage. We have built a proof of concept mining farm, written software (web application + tools) to deploy, manage, and monitor mining operations, and have limited capacity (up to 20 miners) to immediately start mining operations until we have purchased our first facility. Our feeling towards having a soft cap, especially as it relates to ICOs, is that the purpose of the soft cap is the point in which a team can go off and implement their goals. For us, this number is virtually $0 as we have the capacity to start executing our plans now.