Hello! Nice project, but I noticed that the hard cap is very high, what will be the unsold tokens?
Hi there and thanks for your question! As listed in our whitepaper and on our website, our soft cap is $8m (and that has been reached, allowing us the green light to launch our high-speed crypto and fiat exchange in mid-2018). We set an ICO target of $68m and a hard cap of $88m to allow us flexibility and give us "stretch-goals" to kickstart our ambitious 5-year roadmap which includes, a green energy mining center, a global ecommerce platform, a global merchant payment platform, a global KYC verification platform, an ICO gateway, and as a by-product of offering up to 16 fiat currency on-ramps (several international banking licenses - which are not cheap!).
As you can see from our roadmap, we've got lots to do in the next 5 years and giving ourselves those higher 'stretch-goals' for fund-raising will help us shorten that timeline significantly, if we can raise those funds. If not, the exchange launches as planned (since we're already up to $12.6m raised) and we use funds generated from the operation of the exchange to fund our roadmap projects.
In regards to unsold tokens:
Tokens are allocated as 80% to ICO public sale pool, 10% user referral program, 1.5% advisors, 8.5% team. Token metrics are based on public pool as a priority.
All unsold tokens after the ICO are burned based on public ratio 80:20. Ensuring fair value for all contributors.
So, in really simple terms, it's best to think of it like this:
Whatever number of tokens are sold during the ICO is the single largest determinant of what eventual TOTAL token supply will be, as the public sale constitutes 80% of total supply.
Therefore, for example, if we only sell 500K tokens, then that means that 500K is now 80% of total supply, only leaving 125K for the other 20% and meaning that all tokens above the 625K amount will be burned, greatly reducing supply.
This is a really easy way to think about it. So, at present, it's hard to say what the FINAL total token supply will be (until the ICO ends). But what we can say for sure, is that whatever amount of tokens are sold during the ICO, this # will automatically become 80% of total supply, thus determining total supply amount. Hope this helps to clarify and simplify things for your calculations. 🙂
