Post
Topic
Board Altcoin Discussion
Re: IOTA $2 Million Developer Fund
by
Febo
on 09/05/2017, 15:56:23 UTC
2 Million Dollars worth of IOTA or 2 Million Dollars directly in cash?

This is what I was about to ask, I think the OP should clarify this

Is probably in IOTA and now $2 millions at current price  when they sell to each other at x1000 of ICO price. They could also say there is 1 BTC in development found Tongue


I read that post. So how much of IOTA is exactly in the found?


Let me also quote myself here with price of IOTA in ICO.

Community gatherd 1337 BTC (including JINN assets) for 999 999 999 so called "old iotas".
We send BTC without escrow to BTC address, there were no beta at this time, only whitepapper and hope that cfb will write code.

Full crowdsale info and distribution from that time https://tangle.ninja/iota/crowdsale
But it was long long ago.

So one old Iota in ICO was 0.00000133

1 000 000  OLD IOTA != 2 779 531 000 000 IOTA. That number was rounded. Just FYI.


so 1 old IOTA is 2 779 531 new IOTA or 2.78 mIOTA

mIOTA was in ICO 40.65 satoshi.
gIOTA was in ICO 40647 satoshi or 0.00040647 BTC