We didn’t really cover the following with you all the following:

What is our Hard Cap? What will we do when we reach our Hard Cap? What is our Soft Cap? What will we do if we don’t reach our Soft Cap?

So here are the answers (we will add this section to the whitepaper for those who don’t read our blog)

1. Although our price suggests we want to raise around $15,000,000 to $20,000,000 USD, this is not the case.

We have always allowed provision for bonuses (as many of our contributors know), giveaways, referral rewards, etc in our overall Token Sale.

Our hard cap was calculated from the following:

We estimate we need around $350,000 AUD to build our platform, this involves staff, infrastructure, office space, etc.

The Solar Farm estimated cost is $2,700,000 — $3,000,000 AUD

This is maximum we need to “Hit the Ground Running” and start development of platform and construction of solar power plant ASAP.

So taking into consideration the conversion rates between FIAT/cryptocurrency and fluctuations in prices our Hard Cap is $3,350,000 USD

2. If we reach the Hard Cap during ICO, the ICO will be stopped immediately and no other contributions will be allowed.

We will then burn all unspent ASTRN, including left over ones for the bounties, reducing the total ASTRN and preserving the end of ICO Price. Our Reserve and Team Tokens will be locked away until we our platform goes live, and projects start appearing to be crowdfunded.

3. From above, we need $350,000 for our platform development — if we increase our time frames, by hiring fewer developers from the start, having less infrastructure, etc. — we could reduce this to $170,000 AUD. We also won’t build the Solar Farm upfront, which is unfortunate, but we may then seek to have it crowdfunded as the first project on our own platform.

So taking into consideration the conversion rates between FIAT/cryptocurrency and fluctuations in prices our Soft Cap is $170,000 USD

4. If we don’t reach the soft cap, depending on how close we are to the cap, we have the following options:

Start project with what we have and work on getting a business loan from bank

Extend Token Sale until soft cap is reached

Schedule a Round 2 sale — price beginning from where the Token Sale Round 1 Left off

Hope this answers your questions.

For any more feel free to comment