Yes, 35% of coin supply held in house. That's a lot : 84,000,000 * 0.0002 BTC = 16800 BTC (18.4 MILLION USD at $1100 per BTC)
You should burn whatever is not sold.
Please learn how the coins will be distributed on our ICO page. The information has been updated. To say it short, 50% of the unsold coins will be distributed proportionally among all ICO investors. Other 50% of unsold coins we will form a non-profit Exscudo fund, its main task will be scientific development of the EON blockchain and Exscudo security systems. The shares of the Exscudo team, the board of directors, the share of technical coins, the Bounty campaign coins, and the coins of advisors and testers will not participate in the distribution of the unsold portion of the coins.
Hello Exscudo-Team,
in the German thread some concerns came up regarding your CEO and founder Andrew Zimine as well as your roadmap. What mechanicms do you plan to implement to ensure no fraud can be comitted using investor's funds in the ICO? Will you use a relieable escrow?
Regarding the roadmap: You have been developping parts of the Exscudo platform as early as in 2014. Do you have any code on github or a video presentation of working parts of your platform to verify your claims?
If you can answer these question with content I think you will enable a lot of more confidence in your project and have a great chance to achive your ICO goals.
Hi, es freut mich, Sie kennen zu lernen.
The funds raised during the ICO will be allocated on a multi-sig wallet. The Board that consists of independent experts will approve all transactions from this wallet. This is the kind of escrow we use. The information about the Board members will be updated soon.
Regarding the dev parts: for all these years, the backend has been in development. Now we are testing these things and finishing the frontend part. So just when we have something to show, we'll do it. Besides, we will publish the technical White paper by the end of next week. I hope this helps. If you or the German community has some further questions, please don't hesitate to contact us.
In any case, we will publish more information covering our products before the ICO launches.
We are sorry if some of you felt annoyed by the personal messages of kanoptx. We have asked him to inform his friends about BC and didn't want this to be in any way offensive.
As for the Bounty, everything is counted automatically by the scripts. We have just not yet uploaded the results into the web cabinet. We are planning to do this by Monday. Thank you for your patience and apologies for the inconvenience.