#1 Will any Factoids exist before 5/15 besides those sold in the crowdsale?
#1. The genesis block of the Factoids (to be released post May 15th) will contain all Factoids from the software sale, early contributor and early sale pool participants as described in percentages on the Factom Koinify profile:
https://koinify.com/#/project/FACTOMSo to answer the question directly. No. The genesis block will contain all Factoids that will be valid in the protocol and they will come into existence at the same time, no Factoids (beyond for testing purposes) will be created before the Factoid Chain is released.
Thank you for your answers, they were very helpful. Could you help me understand the percentages referenced above? If I'm understanding it correctly, the Koinify website says 50% of the genesis block Factoids will come from the public sale, 20% from the early private sale, and 30% from endowments to insiders. Does this mean that if 10 million Factoids are sold during the public sale, that number will be doubled to 20 million for the genesis block?
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You are indeed understanding correctly. 50% of the genesis block Factoids will come from the software sale, 20% from the early sale, and 30% from the early contributors. One note, there are no "insiders" these Factoids in the early contributor pool are rewarded to everyone who added value to the Factom project before its launch post May 15th. This includes white paper reviewers, advisors, community leaders, core developers, and everyone else who the Factom team recorded as having added value to the Factom project. This process was open to anyone and the team has repeatedly invited members of the community to join the effort and earn Factoids from the early contributor pool. This open process and transparency has been one of the main drivers of the large team and community that Factom has gathered.
To answer your question, Yes, that does mean that if 10 million Factoid are sold during the software sale, the total number of Factoids will be 20 million in the genesis block.
Thanks again for the great questions.