What is the Soft Cap?
A Soft Cap is the minimum amount of collected investment that is needed to consider the fundraising a success.
In our case: Soft Cap = 1,600,000 NLC
Achieving the Soft Cap in 2 months is the bar for us which would show the participants’ interest in the projects and we will be able to implement it. As soon as 1,600,000 NLC are sold, we will proceed with the acquisition of land and its further distribution. If 1,600,000 NLC is not sold in 2 months, the funds will be returned to the depositors. The future format of the Noah Project would then change to the Digital City format.