Verify: Model for sane tokensale caps

Most token-sales these days set out to raise as much as possible; after all, why not? They take advantage of high demand and give themselves valuations that no sane VC would grant.

Not us.

We’d like to announce the caps for our upcoming tokensale:

• Soft-cap: $1.5m
• Hard-cap: $2.25m (Yes, you read that right: $2.25m, not $225m)

A new approach

Instead of raising all the funding the company could ever need in its lifetime (at great risk to contributors), we’re taking a different approach. Raise enough for 18 months of funding and demonstrate traction.

These limits are derived from our detailed roadmap (Section 6.1 in our whitepaper) that now includes estimates for every milestone of our product development cycle.

Develop a scaled-down version of our grand vision, find customers and start making revenue. If we’re able to reach the aggressive targets we’ve set, then we’ll unlock a follow up token-sale that we’ve provisioned (at a higher token price, naturally).

We have a huge vision for the future, but we also take our responsibility towards our contributors very seriously.

Our tokensale begins on the 29th of November. Sign up to our email list in our website for updates.

Verify.as

Verify is a Reputation Protocol for buying and selling things using
cryptocurrencies → https://verify.as/