Quote from: crema on May 29, 2017, 09:22:08 AM

Very important question (I think).

Will the collected ETH converted in US dollars, or kept in a secure wallet for a long time?

This will influence dramatically the price of AET in the short / mid term future

Thanks

17% will get allocated to Aeternity Anstalt, the foundation and the founding team. The AE tokens for the team will be time-locked.
more:https://blog.aeternity.com/security-transparency-simplicity-1411fad10974

Quote from: Colba17 on May 29, 2017, 09:18:50 AM

Quote from: Merovingian on May 29, 2017, 09:09:07 AM

Quote from: Colba17 on May 29, 2017, 08:31:37 AM

Hi - two questions:

1. Can I send BTC from my Ledger Nano S and receive AE tokens? How will I receive them?

2. Will BTC contributors have access to ERC20 tokens before launch?

I read somewhere AE are initially Ethereum ERC20 tokens that will be tradeable before launch and then burned in exchange for AE. How does that work for BTC contributors?

Thanks!!

1 - you need to know/have your private key and ether wallet to receive ERC20 AE tokens.
2 - yes, sure.
Migration is the same as for ETH contributors.

Can you explain a bit more how this works? thanks

All AE tokens will be distributed to contributors after Phase Two is over. They will be created on the Ethereum network in the form of an ERC20 standard token. Once this is done, you will be able to transfer them by importing your private key into the æternity wallet or by using an ERC20 compatible Ethereum wallet. We will provide a guide on how to do that.
more: https://blog.aeternity.com/contribution-phase-one-overview-faq-89c89cc19cc6