Soft Cap is reached!

Boat Pilot
2 min readApr 25, 2018

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We have great news for you today!
We’ve reached our Soft Cap, which, according to our business plan, means the following:

1. We will have most of the European marinas covered.
2. We will release approximately 2000 BoatGod modules this season to be installed on charter yachts throughout Europe. People will be able to rent yachts from our partner-companies, connect BoatPilot on their device to the BoatGod module and mine NAVI tokens.
3. We will spend approximately $300.000 to list our token on top cryptocurrency exchanges. We are confident that this will raise the NAVI price.

We also plan to spend over $600.000 this yachting season to attract new users. Currently, it is difficult for us to foresee such things as user LTV or marketing profits, but we will do everything possible to ensure that we begin to buy out NAVI from exchanges as soon as possible. Just to remind you — BoatPilot plans to spend 10% to 15% of all marketing profits to buy out NAVI tokens from exchanges, and then use a part of the purchased tokens to reward geo-miners and burn the remainder.

Please remember that despite the fact that the Soft Cap was reached, you are still eligible for the 15% bonus when you invest!

You can read our detailed business plan here: https://www.boatpilot.io/docs/BoatPilot_Business_Overview_EN.pdf

Stay tuned for more updates!
We will publish the list of exchanges we’re in negotiations with very soon!

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