NUCLEUS VISION Hard-cap: Reduced to $40M After several internal debates, discussing with our community members & advisors, we have decided to reduce our nCash token-sale hard-cap to $40M. Not because we would have any tougher time raising $60M, but due to a multitude of factors that range from creating better economic structures for our backers to the rapidly rising price of ETH. The final token allocation will be as follows:
Why we reduced hard cap? - We are bullish on the overwhelming response received in our presale. Funds and strategic investors have shown great interest in the project and substantiated it by the presale commitments - Strategic investors are keen to see company expansion in first phase before catalyzing second phase of growth - Reduced hard cap of $40 million will help us achieve first phase of growth as defined with board, strategic investors, and advisors - After 24 months, if needed, the company will access the reserve pool of tokens for additional liquidity
- We also believe reduced hard cap will help us to maintain right balance between strategic investments and public contributions. Subscribe to our email updates on https://NUCLEUS.VISION/
Source:- https://medium.com/@NucleusVision/nucleus-vision-hard-cap-reduced-to-40m3f913bd9a63c