I have joined the signature campaign.How much invested so far in opening day?
Opening day has another 5 hours left, but so far it looks like 77 BTC and nearly 100k Waves has been invested, along with 447 BTC pre-ICO investment, for a total of 524 BTC or $320,000 all in.
Looking good to reach the goal of 1 Mill. Dollar
$1 million would be nice, $5 million even better
How is the this 5 Million USD raised through ICO gonna be utilized for project development? i can't find information about utilization and specific purpose of ICO funds. Also, how will it affect the Project development if Incent team succeeds in only raising the minimum target of 1 Million USD?
For the most complete understanding of our business plan you need to read our ICO Information Pack, which you find by registering for the ICO and following the link in the deposit dashboard.
The short answer is that our target of $1m will give us the means to re-organise structurally around this product, attend to compliance, complete the development of the consumer and merchant facing applications for commercial roll-out, and cover all associate marketing and business development activities for a period of one year. Given the advanced stage of product and business development already achieved we estimate that this will an ample amount of runway, providing us with the means to get to market in good shape.
Any funds raised beyond our target simply make our business objectives easier and faster to achieve. More can be attempted and our tolerance for risk can be notched up without fear that one false move could be catastrophic
We have capped funding at $5m because we judge that beyond this starts to undermine the secondary market for Incent - to the detriment of token holders and our ability to raise further cpital from traditional investment markets due to an overinflated valuation.
RW
