Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Royal Kingdom Enterprise ICO
by
RoyalKingdomEnterprise
on 12/07/2017, 16:24:39 UTC
did you think i did not now this.
the problem is that the ico price today higher then yesterday, and i deposit my btc yesterday, and cant buy to low price
Can you please create a ticket about this please, so we can see the transactions?

Quote from: Nalien
Alright, so you're holding on to 82% of the total supply?
82% is the team + pre-sale to our early investors on the pre-sale stage.

As we say on our ICO page, under ICO Structure:

Quote
We dedicated a pool of 20% to the public offering of currencies, 2% of this quota being sold in the pre-sale period, so in the ICO it will be possible to acquire 18% of the tokens issued (2,700,000 RKCs) and these will be frozen in the wallets of the purchasers until the end of the initial offer.

The remaining 80% are owned by the organization’s shareholders. Due to the 82% (shareholders + pre-sale) context being a significant amount, we make sure to add in the smart contract rules that make it difficult to quickly sell or transfer a significant amount of tokens.

This is because we weren't asking for crowd funding. We already have a company, team, products, sales, from which we pay salaries; and the team and the early investors have invested their money and effort into bringing us to this stage.

Also, whatever amount of RKC all of you have acquired at this point (and whatever percentage of the total supply you're holding), it will be increased at the end of the ICO automatically if the 18% will not get bought. The smart contract is designed to drive the price until it's ridiculously high, so that the users stop buying RKC. This way the contract will discover the market valuation of the token automatically at the end of the ICO. And after it, the token will spread proportionally the rest of the unbought coins to everybody who participated.

Hope it clarifies some things.