Some other question which come to my mind :
-Do you really think that after 3 tmes increased in price people will still invest in ICO?
-Is there a minimum amount required to launch the project?
-21 millions coins for ICO / 9 millions for running the company, what if you sell only 2 millions coins even after phase 2, will you burn the rest? Keep it for yourself?
-Also if only 3 millions coins sold then 9 millions coins represent a huge part of the company, the ratio 9/30 would be totally different ( like 9/12), wouldn't it be a problem?
Yes, we have valued the tokens at a rate where 30,000 Satoshi is STILL extremely low and has much room for growth.
The minimum we will need to get through the next 3 months is something like $50,000, an we can get through operations without having the solar powered network installed.
No coins will be burned, as the budget isn't really changeable. If all 21 million are not sold during ICO, 1/12th of tokens left will be released per month to be sold at price above ICO price so market is not flooded, but the project will still be able to get the funding within the next 12 months.
If only 3 million tokens are sold, the 9 million that are left with the company have been alotted so that they are not distributed for the next 99 years. If 3 million were sold, the 3 million would still outnumber the tokens released by the company within the next 12 months.
Out of the 9 Million left with the company, 2 million are allotted for payment of contractors/workers from Bitland. The other 7 million are allotted as follows:
- 3 Million Designated to Smart Contract Oracles distributed over next 99 years
- 4 Million For Reserve for Governments to buy tokens, then pay out contracts through Bitland
Global GUI/Hardware
Since the supply is capped at 30 million, and the tokens that are meant to be sold have a designated cost associated with them, burning the tokens would only serve to reduce the supply a small bit, and in turn the project would probably not see the full budget. In the case that the tokens aren't sold completely the 1/12th per month release will ensure that the price doesn't see a major dump because too many tokens coming on the market at once.
As far as trying to hit other exchanges, we've already submitted our requests for Poloniex and Bittrex, but it takes a LOT of community activity before they will add a token. Really, we have absolutely no control over being added to the big exchanges.
Cheers!
Chris
