Perhaps some of you might not understand what i am saying
I will make it clearer here
Current ICONowadays, ICO are usually doing in such manner
Soft Cap: $5M
Hard Cap : $10M
Tokens : 10,000,000
Token price: 1 Token = $1
Unsold Token will be burned
So if you contribute $10, you get 10 token. Regardless of how much others invest.
Old ICOIn the olden days, ICO are done in this manner
Soft Cap: $5M
Hard Cap : $10M
Tokens : 10,000,000
Token price : --
So how do we decide how much is the token price in this case?
Total Contribution / Total Tokens in ICO = price per tokens
So if you invest $10, total contribution is $1,000
You would get 10,000,000 * 1%($10/1,000) = 100,000 Tokens.
Is there any similar ICO still? I missed the old time