I have checked the Bitfence website and they reopened the ICO. Furthermore there is a counter for MVP launch in 19 days and 6 hours. Seems they finished their KYC break.
https://bitfence.io/Saw this too. I was about asking when the kyc will be completed. The team did the kyc implementation really fast. This is the fastest i have seen a project done kyc.
Yeah, they've also implemented a total token supply as well, that's pretty cool! Im impressed with how quickly they implemented KYC also.
The implementation of the KYC process was ineed very quick. The counter with the sold HNY Token is cool, but how we can calculate the earnings and if they reached their softcap.With the different Bonus stages, it is impossible to calculate.
I got it all confused with the total supply at 22,547,902 HNY but scrolling down i still saw the max total supply ever minted will be 1 billion, i think they really did a good job with the clean UI and fast loading page but information should me more clearer
The max is 1 billion, but it also says that the tokens are minted on demand so there is not any pre-minting. If there is just 50 million tokens minted on the sale, then that is the total supply.
Wow that is amazing, then they don't have to burn any unsold tokens because there are no unsold tokens this is the first ico i have seen doing this.
I actually really wish this is so, I am quite very hopeful it turns out the way it has been stated here, not burning at all and minting the needed is already a big deal for the project
This will reduce the unnecessary work, and is way more efficient. Minting on sale should be the standard actually. After the sale you will not have to deal with the unsold tokens. Be like this !
Sometimes greed get in the way, how can anyone explain how a project could raise a soft cap, reach its softcap and still decides to sell "unnecessary" tokens as a form of bonus
The things we witness each day in this space smh
What are you even talking about? Softcap is the minimum amount needed for the project to go ahead, the hardcap is the maximum.. So they still have a way to go before they reach their hardcap, so hardly 'unnecessary' tokens as it'll be extra funds for additional staff and marketing etc..
I just realized I used "Softcap" twice lol, autocorrect error from my end.
I meant to say "raise softcap and reached hardcap"
So I actually believe there shouldn't be need for selling any token again since a project have reached both its base amount and even the maximum amount they can run with
