What is the budget allocation for this project?
Hi! Thank you for your question. You can see our fund distribution plan in our WP:
https://pm7.com/assets/doc/WhitePaper-en.pdf30% funds collected during the Distribution Period will be reserved for guaranteed
redemption of PM7 tokens at 80% of the average selling price of PM7 during ICO
indicated in USD, which starts on March 14, 2018. The reserve will be stored in the form of
a differentiated portfolio of major cryptocurrencies. Information on the structure of the
reserve and its status will be available for public. This protection will last for 12 months,
and after that this reserve becomes available to the company. The tokens purchased by this
way will become the property of the company. The remaining funds will be used to
development of PM7 platform.
25% of collected funds will go to the company's activities and hired employees for
platform development.
20% of collected funds will be allocated as premium for users and a platform for the
distribution of PM7+ app and PM7 sale. Unused funds will be returned for platform
development.
10% – is a payment for PR on pre-ICO, ICO and Release stages.
7% of funds – is a return of investments made by investors at the Seed Stage.
5% will be used for returning of borrowed funds used for platform creation.
3% – are bonuses for platform developers.