Soft cap was created to sell tokens without an actual product developed. It is a way to deliver the following details to investors:
We need the minimum (soft cap amount) to begin the development and get the product accomplished. Otherwise, we will return the money as we can not develop the solution if we raised below the soft cap. Uhive does not require the soft cap as we are beyond this scenario!
In the past four years, we invested millions in developing the application and platform. Our well established and committed team worked hard on the creation of this app and now it is in the Alpha stage.