Re: [ANN] TenX [ICO] end of June: making Blockchain assets spendable
So what happened to the other 49%?
Hey don't touch their Lambos !!!!
They are only taking 20% ($ 13 Millions) of total supply not 49% ($ 33 Millions)
II) Percentage of tokens for founders, early backers and the development team for
a long term alignment of interests
20% ( $ 13 Millions)
They obviously deserve it, great team etc..
i want to know who will be the first one to get the Lambo !!!
What do you mean they deserve it? They just got funded in over 150 million USD so 20% of the tokens are reserved for what? They should have sold all the tokens to the public. Keeping part of the supply of tokens is never a good sign for any investor especially when it comes to unregulated markets.
From my calculations total token will be approximately (245,000ETH x 420PAY)/.51 = approx. 201,765,000 tokens
however as the team are only releasing 51% to the public for now and a further 29% to be held back for future distribution (maybe not yet mined) i believe only 71% or less will hit the exchange approx 143,253,000 PAY tokens. that is assuming the 20% held back for the team and the original investors are all refelcted on the exchange straight away