Hi,
What will happen if the token aren't sold out after the ICO period?
To clarify, the distribution doesn't work like that. We haven't premined a bunch of tokens for sale.
Instead:The ‘vSlice’ token Smart Contract will be deployed and people who contribute will receive:
- Week 1 = 1 : 130
- Week 2 = 1 : 120
- Weeks 3 & 4 = 1 : 100
for each Ether (ETH) they send, for the 1-month of the issuance.
So, for example; 100 ETH will get 13,000 vSlice tokens, up until the cap of 700,000 ETH. This cap is a max. upper limit mainly for security reasons.
The Crowdsale Smart Contract is fully decentralised. That is, the sending of Ether (ETH) to the Token Smart Contract will result in the immediate, and decentralised, issuance of the contributors vSlice tokens on the Ethereum blockchain.
Hope that clears it up for you.
