i wonder how the funds will be distributed after ico ends??
Hello!
Thank you for your question and for your interest in our project!
Social Media Tokens (SMTs) will be issued as ERC20 compatible tokens. Based on total
amount of tokens, 15% more tokens will be issued for platform core functionality and
team (6 month of vesting period), and 5% for partners and advisors. This will form the
total amount of SMTs ever issued.
Token sale: 80% (hard cap 16 000 ETH)
Reserve for platform core functionality: 15% (issued after token sales)
Reserve for partners and advisory board: 5%
The funds collected during two token sales will be distributed in a next way:
1. 37% R&D
2. 38% Marketing & Education Campaigns
3. 12% Administrative & Operational
4. 8% Influencers & Agencies Bonuse
5. 5% Legal
We I hope that we answered your question. But don't hesitate to contact us if you have any additional questions.
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