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Author Topic: Are they still ICO doing the traditional way? Total Fund/ Contribution = Tokens?  (Read 138 times)
puremage111 (OP)
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October 20, 2017, 08:01:32 AM
 #1

Perhaps some of you might not understand what i am saying
I will make it clearer here

Current ICO
Nowadays, 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 ICO
In 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 Smiley
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October 20, 2017, 08:07:47 AM
 #2

As long as unsold tokens are burned there is no difference. But the problem is that some don't burn unsold tokens. And seems that all are using the first method you mentioned.

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