thank you that makes sense, what is the tot amount sold till now? how can I check?
Just check the public BTC address to see how much.
No. Somebody paid USD or EUR to buy Tau token, so the public BTC address could not show the accurate number.
I'm pretty sure it was paid in BTC, afterall this is the BTC community in the first place.
If I divide 480 per 0.0002 as avg price it gives 2.4M tot coins sold but
1 this does not account fiat
2 Im not sure 0.0002 is the avg price for the sale
Also of those 480 btcs there are just 27 left? all the rest went into paying development already?
Why such complicated way to deal with this ICO ? why there is not a set date for the end of sale of tokens?
Why did you allow trading of tokens during the ICO? by doing that people can buy tokens and dev not get funds for development.
thx.
yes, there were more buys that are not part of those 480 btcs, no more than half the amount. note that it's all amounts over more than a year and with different btc and tokens rate.
not all were spended, most were not, as this presale funds should serve for the long term and there's only one sale. we just convert the btc to fiat in order not to expose the project's funds to btc's volatility.
the lowest price ever (people bought zennet's time) is 7.5 cents per token, without taking into account what happens in the exchange.
the funding of the project is not complicated and strange - in fact, startups don't do "two months funding" or so. we build a very serious foundation here. more like the standards of software startups and less like the standards of the cryptocurrency world.
trades are allowed in order to give buyers some liquidity.