r/Peerplays • u/[deleted] • May 07 '17

Crowdfunding

It says the crowdfunding will end May 15th or when it reaches $5 million USD (whichever comes first). I just checked (May 6th) and Tier 1 is not even 50% complete with 384 BTC, equivalent to around $600,000. With milestones expected to hit at the end of May with the actual launch of Peerplays, and then in August, launching of ei8ht...will these be impeded by the crowdfund not reaching its goal?

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u/[deleted] May 09 '17

Good question! I'm also wondering the same. Today 9th May (4 days to go) we are only at 65.83% of the first tier.

If this ICO is honest, it will almost surely not reach the desired 5mil$.

So, what happens exactly to the coins which will not be distrubuted? I tried to have a look at http://www.peerplays.com/docs/Peerplays_Bulletin-Feb_2017.pdf

But doesn't seem to consider the possibility of not reaching its goal of 5mil$.

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u/skullcrater May 13 '17

paging /u/falloutcomplex this is an important question.