Post
Topic
Board Gambling
Re: BetKing.io Relaunch - ICO - Earn BKB for bug reports
by
iluvbitcoins
on 03/08/2017, 22:51:20 UTC
Thanks alot, but regarding 1).

How to determine how much tokens you get for lets say 1 ETH? If there's no contribution cap, you may run out of tokens if the max is 100m.

Lets speak hypothetically;

A person gets 1 million tokens for 1ETH, and people contribute 101 ETH... then what? That would be 101m where the max is 100m? Or maybe i misunderstand your explanation? How many tokens will be give for like 1 eth?

There's a total of 70 million tokens, their value will be calculated by dividing the total amount of funds gathered with the ICO with the total token supply (70 million)

So for example, if we gather 35 million $, then the value of the token would be 0.5$

ICO funds / Token supply = Token price

35 million / 70 million = 0.5$

If we gather 7 million $, then it's
7 million / 70 million = 0.1$

Hope you understand now Smiley