how many tokens in total are you issuing?
Our fundraiser has a hard cap of $35m USD and a sale price of $0.35/GZE. If there hard cap is hit then the total tokens issued will be 100m + any tokens for bonuses to pre-sale investors. Tokens are only generated if they are sold, so if we raise less than the hard cap there will be less then 100m tokens.
@GazeCoin
The percentage breakdowns of tokens, e.g. 10% for the team. Is this 10% calculated assuming the $35M hardcap is hit? Right now the site says about $2.25M has been sent, so that means the team would have more tokens than the ICO participants if that were true.
The other possibility is the % allocations are determined only post ICO burn.
Can you please clarify this, as its a very important difference.
Thank you.
The coins are generated when contributions are made, no coins are "burned" but coins that are not paid for never existed if that makes sense. The team allocations are a fixed percentage of total coins generated from smart contract contributions.