So, is it safe to assume that if a lot of people pull out funds, the rest of us will get a higher portion of ARK tokens?
no, all refunds go back to the ARK Crew to be used for additional fund raising in the future.Update on the refund option and Ark distribution
There will be a one week period after TEC is closed during which TEC participants may choose whether to receive a refund or leave the funds on deposit in the TEC to receive a distribution of Ark tokens. This period will start immediately after the modifications are made to the TEC site which will include the refund option. The refunds will be issued at the end of the refund period and the final distribution of Ark is determined with the bonuses applied, based on the minimum target of 2K BTC being met exactly. The difference between the 2K target and the actual amount raised after refunds are complete will be treated as a deposit of that amount of BTC with no bonus applied, and its resulting distribution held by Ark for future crowdfunds, development and participation in the ARK project, and possibly employee compensation at an exchange rate no lower than the highest exchange rate made by anyone during the TEC. At mainnet launch, the distribution of Ark tokens will be made as originally planned, no later than 1 February 2017. Bounties will also be distributed after mainnet launches. Further instructions and details will be posted when the TEC site is ready.
thanks for the important update!
From OP :
1: 75% [93,750,000] of ARK tokens will be distributed to participants of the ARK-TEC; 2: 15% [18,750,000] to the ARK Founders Team; 3: 7% [8,750,000] ARKShield Program; 4: 2% [2,500,000] for bounties; 5: 1% [1,250,000] to escrow;
So why are there tokens going to ARK Crew or used for future crowdfunds/additional fund raising?? And the difference from the 2K target? The 75% [93,750,000] are supposed to be distributed to the participants - NOT going to ARK Crew or future fund raising. Why are you changing now the terms - why don't you distribute all the 93,750,000 tokens to the participants? If someone wants a refund - fine, but their would have been share gets back to the pool and distributed to the participants.
because those are the terms for a SUCCESSFUL TEC above 2000 BTC. It's easy, don't agree? Get a refund.
we're doing this for the interest of the participants so they can have a coin worth holding in the future and not one that gets insta dumped at the exchanges.