According to a recent tweet on the project’s official Twitter account, the GulfCoin team has officially announced that sales have reached the soft cap in less than one month since the start of the initial coin offering. GulfCoin, the digital currency of the GULF initiative, is continuing to break down barriers and gain widespread acceptance as time goes on.
The GulfCoin ICO continues on the official website, Pinksale and P2PB2B.
More than 150 million Gulf coins have been sold, and the community has expanded rapidly throughout the world. The ICO is now moving towards crowd sale, with the goal to reach the hard cap of 1 billion coins.
According to the official website, the market capitalization of GulfCoin has reached 21 million dollars, with more than 14 thousand holders.
The significance of achieving soft capitalization
According to Binance, the term soft cap refers to “the minimum viable funding for a particular project to start its development”. This indicates that GULF has amassed the necessary funds to carry out the projects that were promised. At this point, there is nothing that can prevent the team from continuing its progress toward completion of the GULF project’s goals.
Community world-wide development
Since the project’s launch, the GulfCoin community has grown significantly, with more than 18k telegram subscribers, 35k Twitter followers, and 40k Instagram followers, among other metrics. The community is made up of people from all over the world, in order to reflect the project’s widespread mass adoption around the world. This growth is extremely promising for GulfCoin, and it has sparked a great deal of speculation about the project’s future as well as the price of this young cryptocurrency in the near future, among others.
According to the roadmap, there are some exciting projects in the works. The project’s official Twitter account recently announced that the team is working on launching “the largest NFT Marketplace in the region,” which is currently in development. “We carry out our projects,” the official tweet confirms.
GULF saw the light as a distinguished Blockchain initiative launching GulfCoin crypto currency with numerous projects directed by a visionary team of Arab entrepreneurs and a multinational technical team of programmers and developers to educate and empower people to adopt the digital financial revolution and help them achieve the transition from traditional financial and payment markets into the crypto-verse and digital payment solutions.
GULF brings the digital revolution and financial inclusion to the masses.