What's the current ICO price for ICN in US dollars?
10,682,516 / 100 000 000 = 0.01068 $ per 1 ICN / penny stock i would say
Your calculation is wrong.
You're supposed to divide by 85m, not 100m
you forgot that we investors were paying for that 15m free ICN so 85m for 10.5m$ + 15m for 0$
gives you average price of 0.01$ for 1 ICN
If you can trade free ICN and payed ICN separately then you are right
. Look at it more like a penalty - if you entered the ICO in the first week, you paid 0% penalty. 2nd week - 5% penalty, 3th week - 10% and after that 15% penalty
The "penalty" represents a certain share of the tokens (from each investor) to be distributed as described in the ICO page - dev, legal, team and the inevitable bountyhores
This is another point of view, an interesting point of view.
let's say it sounds like : a half glass of water is not half full it'is half empty.