You plan to raise max 750 BTC with no minimum. How do you plan to continue if you don't set a minimum and say only raise a few BTC? How you plan to spend the funds raised? How many % will be for marketing and legal matters?
Hey menace.bit, yes the max BTC cap for the ICO is 750 BTC and there is no minimum requirement. As mentioned in the FAQ section of the OP if we raise only a few BTC or say even 0 BTC for example, we are still going to go ahead and launch the project since we are so much invested into this already that there is no turning back now. There are some minimum costs that we will have to cover like office rent, decent marketing and updates that we will pay out of our own pockets if the ICO fails since the major revenue is expected to come from monetizing the app and not the ICO. If however the ICO is successful we will be spending a major portion (about 50%) on advertising and marketing, 25% for continuous app development and updates and salaries, 10% for office rental, 10% reserved for legal services and 5% for unforeseen expenses. These numbers are however dependent on how much we actually raise in the ICO.
Thanks for your interest in our project.
