Quote from: Miiike on May 13, 2019, 05:55:54 PM

Quote from: Tibnioc123 on May 13, 2019, 02:54:05 PM

Quote from: Miiike on May 13, 2019, 08:16:50 AM

Umm... Question here, in case of a softcap failed to be reached (which will initiate 100,000 token to be distributed to 50 holders), what then? What can those 50 holders do with the token that didn't reach soft cap? A trophy coin?

The purpose of the token is initial distrubution with futher trading by holders. The Current contest at Livecoin has been held by the Exchange thus devs neither have oppotunity to manipulate with price nor addon more tokens.
As a result, market with holders are the drivers for the price.
Pretty fair, isn't it?

I'm... actually not talking about the price, or the token offering mechanism. I wondered about what'll happen if softcap didn't reached. Basically, softcap is an indicator of the minimum funds has to be raised for team to run the project, correct? So if it's not reached, why bother distributing free tokens to top holders?

As long as we consider our offer quite attractive and unique for the market, we strongly believe the softcap minimum will be broken through. Anyway, the tokens were issued and had to be distributed since development of the project and listing is not for free, and this is the Contest rules, which can't be amended.
Shall the market fail to accept our current offer we will create more thrilling option. Let's consider it as plan B which should exclude pure dumping but longer term development.
Hope you are satisfied with the feedback provided.