Ok nxc burnt. Now waiting for the open beta!
Devs hold 50% of the supply after burning. Should their holdings count towards the new supply and not the old one...holding 50% of the supply is way too much. Their 30% should adjust on the new supply and the extra coins should be burnt also.
There really isn't anything to adjust because Owner's share, Marketing share are fixed amounts while ICO share is a mix of Fixed and variable amounts. The table on BtV website should have shown the details as they are important: 15% Marketing, 15% founder's share, 7% minimum ICO (based on 110,000 Euro minimum funding requirement), and 63% burn or additional funding TBD in the future. So the only unk nown was how much would be burned and how much additional funds would be raised. The rest is pretty much set and cannot be changed. The way it should have been read at that time is that 40.55% go to founders, 40.55% go to marketing, and 18.90% go to ICO investors. After ICO completion, the final shares changed to 22.55%, for owner, 22.55% to marketing, 10.52% to minimum ICO requirement with a balance to additional funding of 44.38%.
I agree however that the original 40.55% to 4 founders (I can only see 3 on the website) is a lot, but that might be the reason why only half of the available ICO coins were sold. Had there been a better balance between those percentages, I believe BtV would have been able to collect more funds.
Now we are at least aware than 22.55% of Nexiums are owned by 4 big whales. I mean it could have been worse. But I am sure that this might be a cause of concern for long term investors as we don't know when or how much anyone would dump. However I doubt this will occur before the game launches and any such dump will be visible on the blockchain.
In regards to the marketing funds (22.55% as well), it all depends what time frame is used in their budget. If it will be used within a year, then that will cause a major downward pressure on Nexium, but if those funds will be used during the course of 10 years, then there is no need for concern. Also coinmarketcap doesn't show these funds on the market yet. It would be great if BtV communicated to us the details of their marketing budget sometimes when it has been decided.
As a last note, I think that owner's share, or at least part of it, should have been included as a percentage of total ICO funds collected. Also take note that the above percentages aren't accurate as I estimated 7 million Nexiums for 110,000 Euros.
