No more capital needed thanks to previous partners and Ethereum rise

The CoinFi team has sent a communicate to their whitelisted members to receive the airdrop

ICO´s are evolving very fast.
First the bigger cap ICOs were the most desirables. Now, the lower is the better, form 10 to 30 mill cap are the most valuated ICOs.

CoinFi wanted to keep their low hardcap and there was no chance to do that if they keep going with the presale and the public sale, so they decided to turn it into an airdrop!

Surprising movement

This is the first time I see something like this, but it makes sense, they will have a lot of people building the community for the token to work, and will save a lot of time and energy programming and developing the sales of tokens.

Here is the notification they have sent to all the approved whitelisted members, if you received it, you are lucky to receive the 500 COFI tokens airdrop!

The communicate:

"First of all, we want to thank all of you for being part of the CoinFi community. It’s been incredible to watch this community grow from just the 3 of us cofounders and a few of our crypto nerd friends, to a team of 12 and over 20,000+ Telegram users in just 5 months.

CoinFi will be cancelling our public sale (both presale/crowdsale). Instead, we will be airdropping 9,375,000 COFI tokens to our whitelist.

Why are we airdropping COFI tokens instead of holding a public sale?

We’ve mentioned in the past that there was a private sale round with early adopters and partners who bring a strategic benefit to growing the CoinFi platform. Having a group of early backers was a core part of our strategy to quickly launch and scale the CoinFi platform.

Although these private partners were allocated only a portion of the token sale, due to the extreme run up in ETH recently, this strategic private sale has now filled our entire hard cap.

After the recent ETH run up, there was simply no way to run an equitable public sale without drastically increasing our hard cap, which was never an option. Our goal has always been to only collect as much as we need to scale up our platform.

At the same time, an airdrop allows us to show you our gratitude, and having 18,000+ token holders bodes well for the future of the platform, as CoinFi’s crowdsourced model depends on having a large community of engaged users and quality contributors.

So how do you claim your 500 COFI tokens?

If you’re seeing this message, we’ll be airdropping 500 COFI tokens to the Ethereum address you specify here on Jan 31, 2018. These tokens will be fully unlocked. We'll have further instructions for you on how to set up your wallet to access these tokens, so stay tuned."