How is the budget of this project distributed?
Hello.
• 500M PM7 – will be sold during ICO process, this money will be used according to the PLAN FOR THE UTILIZATION OF COLLECTED FUNDS.
• 150M PM7 – will be allocated to investors who started on the Seed phase 2015–2017
• 200M PM7 – will be allocated to the Company's reserve and blocked for at least 24 months. This reserve is the source of Company’s income the distribution period and can be distributed only in part and only among the direct participants and the core team, if necessary, and not earlier than after 24 months. This reserve is a necessary basis for sustainable future development of PM7.
• 136M PM7 – will be allocated to the team and advisers, and frozen by smart contract for 24-month vesting period. These PM7 will be sold from March 14, 2018 and they will be the motivation for the main team after the Distribution Period. Some PM7 from this pool (but not more than 5% of all PM7) will be allocated to non-operational advisers and will be unfrozen without the right to sell during 6 months. Up to 3% will be sent to contractors and participants of bounty-campaign without right for vesting.
• 14M PM7 goes to the Bounty program to reward users who took part in distribution the products during the ICO. They will be frozen by a smart contract with a 12-month vesting period with the right to sell from March 14, 2018. These tokens will motivate users to recommend and distribute our products.
