I'm looking to invest, but I have question about token allocation. Please clarify.
How your TGE smart contract works in term of burning unsold tokens and distribution of remaining tokens between investors and team?
I mean you will do token allocation 60-15-20-2-2-1 before burn or after burn? There is significant difference in proportions of final token distribution.
According to white paper token allocation suppose to be:
ICO - 60%
Founders - 15%
Operation - 20%
Bounty - 2%
Bug bounty - 2%
Advisors - 1%
I assume, If your hard cap is $20M and price for one token is aprox $0.20, then you're going to sell only about 100 000 000 tokens and burn unsold part of 500 000 000 tokens. After that token allocation will have a look:
20% investors (100M out of 500M)
30% founders (150M out of 500M)
40% operations (200M out of 500)
10% advisors and bounty (50M out of 500)
That's true, than it will be unfair distribution with only 20% to investors instead of 60%.
Thanks.