7.3 Mio USD raised in ICO and already running out of funds?
https://icobench.com/ico/sophiatxAssuming 150k/a for Swiss-salaries, 10FTE could work for 2 years with 3.000k USD?
4.3 USD Mio still left then?
As well assuming Equidato and the project holds some tokens, some actions to maintain the token price would have helped now to raise funds by selling tokens ?
Didnt the CEO proudly announce in the AMA that they dont care about crypto-seasons and have millions in the sales-pipeline?
Big damage for ICO-fundraising if even Swiss-Projects run out of funds, without delivering remarkable results, after raising 7.3 Mio USD in an ICO.
I've seen start-ups delivering far more with 500k funding.