What is the soft cap at the ICO stage?
In the WP it is stated that: "At the ICO stage, the smart contract will ensure a refund possibility if the Soft Cap is not achieved."
But I could not find the Soft Cap figure.
2. ICO (December 2017).
21 mln FNT will be sold out during the ICO.
1 FNT = $0.4
Soft Cap 15 mln FNT sold
Hard Cap 21 (+3 in case of selling the reserve) mln FNT sold
The following bonus system will operate:
Within the first 48h + 30% of tokens.
Within the next 5 days + 20% of the tokens.
Within the second week + 10% of tokens.
Within the third week + 5% of tokens.
Bonus accruals will not be made during the fourth week.
If all tokens are sold out within the first 3 weeks after the start of the ICO, the reserve fund will be used. Otherwise, tokens from the reserve fund will be destroyed.
P/s: This information is from Fintab's Pre-ICO announcement. You can consult