Quote from: chocobo on September 19, 2017, 08:04:39 PM

Quote from: meissa-project on September 19, 2017, 09:38:22 AM

Quote from: snowboard789 on September 18, 2017, 09:47:55 AM

As I understand it the initial market cap for this ICO will be ~224M USD. That's quite ambitious imo.

We have time. The project is a very large endeavor, and there are many things to achieve in the next 2 years.

The crowdsales are more about distributing the tokens ahead of platform release at a certain market point, then they are about raising a certain amount of money.
EOS seems to be taking a similar approach.

That would be true if there were no minimum/maximum cap, but by having caps you set funding targets. So it is about raising X amount of money.

By having a cap of 99 million tokens, we set a limit on the amount of tokens that will be distributed in this crowdsale... Which is to establish it at a certain market point.
As I said, "the crowdsales are more about distributing the tokens ahead of platform release at a certain market point" which is true.
Not only does the crowdsale achieve this, but we also get funding to further develop the project, so both points are true, but one is more focused on than the other.

This allows the community to grow in every angle, which is what everyone wants to see. The more distributed the tokens are, and the more chances people get of obtaining the tokens, while also keeping it at an efficient market point; the bigger the community will grow.

meissa-project

Posts

Merits