Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] ZUZ Token - Token backed by real estate that you can use.
by
zuztoken
on 23/07/2017, 06:13:50 UTC
total suply 100 million coin
and you plan only 5 million coin to ico selling, so 95 million still youre hand
i think is very dificult can get buyer

Hi, as per the Whitepaper: 100 million tokens total, 5% will be sold in the initial sale to develop the first project, 85% will be held in a fund to later sell and develop further projects, 9% will be for the team members with the condition that we can't liquidate any tokens for at least 6 months and 1% for bounties/marketing when we make the ICO official.

We only sell 5% of the tokens because we want to be conservative and raise the minimum amount we need (which is $950k) from investors instead of just raising 10s of millions of dollars...this is mainly for the benefit of our investors, we will sell more tokens and raise more money after the first project is successful (investors will know within 2-4 months after the ICO), please check the white paper for detailed information regarding.

We are trying to make this logical for investors to really gain and for this project to be useful instead of selling 70% of the tokens for millions of dollars from the get go and take all that money from investors, hope that makes sense and if not please let me know, we are open for feedback from the community.