Token Distribution (
https://www.nagaico.com/)
Pre-Sale - 5%
Team Tokens - 17.5%
Referral Program - 5%
Legal & Advisory - 12.5%
Main Sale - 50%
M&A Reserve, Buyback & Options - 10%
Token Sale Target: 30,000,000 NGC
Max. Supply Limit Of Tokens Available For Sale: 220,000,000 NGC
So, Dev Team holds 180 Million NAGA, regardless if 220m tokens sell, it's looking like only 30-35million tokens are going to sell by the end of this ICO.
Seems legit, devs hold 85% of the supply and sell off 15% (30million tokens roughly) AND generate 30million USD in ICO funds. Holy shit! The greediest nastiest ICO I've ever seen. Not only did they false market to you retards by claiming they are only keeping 45% of the supply, but it turns out they always planned on keeping at least 80-85% of the total supply! This makes the premine hold larger than any airdrop ever created on BTT, or any airdrop that's even ongoing, and that's on airdrop territory.
And FYI, this is discounting the extra 5% for the referrals, which they have no mention on what they are going to do with those extras. Despite all that, just look at those fucking numbers above. I thought ICO was supposed to take care of all those expenses, when did ICO's start triple fucking dipping into profits? What the fuck has these forums come to?
I can't reasonably explain how pathetic that is. If they kept like fucking 10% of the total supply, we would of have a dynamite coin here.
This is the only thing i dislike about this coin, how hungry and selfish these motherfuckers are. Truly, we've never witnessed something on this magnitude.
Did something go horribly wrong with my math, because i can't believe what i'm seeing right now. Or are you all just mindless fucking retards... the more likely scenario is that this is a thread of puppets creating the illusion that there are investments into this garbage.
What what? lol people dont loose your chill here just cuz of this salty dude xD its a misunderstanding^^
Check this:
Token Mechanics
Token Name NGC
Price per Token $ 1.00
Min Cap (NAGA Tokens) 1,000,000
Hard Cap (NAGA Tokens) 400,000,000
Upper Cap (Pre-Sale) 20,000,000
Free Float 55%
Token Privileges In-platform utility token
source:
https://www.dropbox.com/s/m2c8fiezu5kia13/NAGA_Forecast_ICO_Version_1.0.0.xlsx?dl=0as you can see NAGA mentions a free Float of 55 percent. this means that they will buy an amount of NGC after the Main sale relating to the amount of sold tokens. F.e. if the sale ends with 55m sold, they will buy 45m tokens. so max supply would be 100mil. The distribution of these tokens is also total transparent and will not be used for cocain WTF?!
definition of Free Float:
http://en.tradimo.com/tradipedia/free-float/~peace, DYOR thanks lol
Let me make this more clear for the viewers who are looking to invest in this outrages shit, shitcoin doesn't define this coin.
Token Distribution ( I URGE YOU TO go to
https://www.nagaico.com/ and look at token details).
Pre-Sale - 5%
Team Tokens - 17.5%
Referral Program - 5%
Legal & Advisory - 12.5%
Main Sale - 50%
M&A Reserve, Buyback & Options - 10%
Tokens Created: 400,000,000 NGCwhat is 17.5% + 5% + 12.5% + 10% equal to? that amounts to 45% of 400million. 45% of 400m is 180,000,000 coins. They will burn off all unsold coins.
Token Sale Target: 30,000,000 NGC( Currently sold: 29,000,000 with 2 days left to go)
Max. Supply Limit Of Tokens Available For Sale: 220,000,000 NGC All unsold tokens will be burned.(
which is even shittier because now the supply control has completely been flipped into the devs hands.)
So they burn 190,000,000 tokens, that leaves 30m sold tokens and 180,000,000 coins that the devs hold. That equates to a grand total of 210m Supply. That leaves 30m coins which were bought by morons. 30m coins is 14% of 210m, which means the devs hold 180m which is 86% of the total supply...
This guy above, this dudelion420 piece of shit is either a big whale who has bought into NAGA and will reclaim all his funds once the ICO is over, plus the amount of NAGA he purchased, or he's a paid promoter of this coin.
Do your research, don't listen to these motherfuckers who are here to rape, steal and kill OR will try to sway you with (Free float bullshit, which means that they "aren't" going to spend those held coins) to get you to buy into this coin for their personal benefit (to protect their investment).
EDIT: Dudelion is a German, just like the guys who made Naga, it's much easier to recruit promoters in native speaking languages. and within 30days of making his account, he has over 2 pages of post history directly speaking about NAGA. Paid promoter? Puppet account? Shill? You figure it out, have a look at his 4 page post history before he deletes it.
