As mentioned before the 462K-600K ETH Cap in no longer realistic or necessary and so we have reached a decision:
As ETH price surged drastically since we first started with the project, we feel that the original Maximum ETH Cap is no longer for the best of the investors. Therefore we have decided to make a new maximum Cap of 5 Million USD regardless of ETH price.
The new Cap will force us to change also the ICO previous early birds bonus & default Smart contracts rates. As the price of ETH at the ICO date, cannot be foreseen, the new ETH:GUP ratios will be announced shortly before the ICO starts.
Good news . I hope it will be an investment.
i'm not sure if its going to be good though.
do they mean that if the ICO funds don't reach 5Million, they will refund back to the investor and stop the project?
mind you if once happen on the project for crypto insurance named "inchian", if this is the case then there are possibilities that these may actually be fraud in the end. investors would have to pay high price for the refund.
I think if it happens, this is the game of their tricks to be able to take more advantage of the investor, but is it possible if they do not reach the target will be no refunds for all those who invest in it?
Let me clarify.
The ICO terms are non-refundable, we did a lot of work in the past 4 months and thought about every step we did many times. we expected the same from our investors which had by now more than two months to evaluate Matchpool's team work rate and ethics along with our product market and feasibility.
Every one who wishes to take place in our ICO is urged to do his/hers own due diligence and effective judgment.
As in all other ICO's sales are final when they are done. ending up raising less than 5 Million $ , THE PROJECT STILL GOES ON
the only effect will be the amount of features and development we could achieve by that budget.
The only scenario in which refunds will be made is in case our minimum cap of 30K ETH is not reached, as we believe anything below that will not enable us to proceed with the platform.
