Quote from: Futureblockchain on April 21, 2017, 06:48:17 AM

Good morning Lunyr

First of all great project.

I have a doubt about crowdsale.

In your white paper you say : "Maximum number of Crowdsale LUN: 11,000,000 LUN"

At the end of crowdsale how many Lunyr token will be in the market?

I have read on white paper that the overall initial distribution of LUN will be as follows:

15% for Lunyr founders , employed and advisor ;
5% for marketing
2% for Bug Bounty

These percentage is for " Maximum number of LUN: 11,000,000 LUN" or for LUN crowdsale purchase ( right now the crowdsale is for 23859 ETH

equivalent about 1,049,796 LUN)? There is a big difference !

Thank you for your collaboration

At the end of the crowdsale, the number of LUN in the market will depend on the number of ETH sent to the smart contract to purchase LUN. The crowdsale starts with 0 token. The smart contract only creates tokens when it receives ETH. For every 1 ETH received, 44 LUN will be created accordingly.

Let's say the crowdsale ends at the minimum level of 25k ETH. 1.1 million LUN will have been created for the crowdsale. This number equates 78% of the initial total supply, which would be 1.41 million LUN in this case. The smart contract will also create 211k LUN for the founders-employees-advisors pool (15% of 1.41 million), 71k for the marketing pool (5% of 1.41 million), and 28k for the bug bounty pool (2% of 1.41 million).