How does TOKEN EOS DISTRIBUTION OPERATE?

The distribution of the EOS Token will take place in 341 days starting June 26, 2017 at 13:00 UTC (UTC can be viewed here). One billion (101,000,000) EOS Tokens will be distributed according to the calendar. Submitted below:

Phase 1: 200,000,000 EOS Tokens (20% of total EOS Tokens are distributed) will be distributed over a 5-day period beginning June 26, 2017 at 13:00 UTC and ending on July 1. 2017 at 12:59:59 UTC ("the first stage").

Stage 2: 700,000,000 EOS Tokens (70% of the total EOS Tokens are distributed) will be divided into 350 for approximately 23 consecutive hours with an amount of 2,000,000 EOS per each commencement date of 1 July 2017 at 13: 00:00 UTC.

Phase 3: 100,000,000 EOS (10% of total EOS Tokens will be distributed) will be reserved for block.one and can not be traded or delivered on Ethereum.

At the end of the 5-day period and at the end of each of the 23-hour periods mentioned above, the EOS Tokens set out above will be distributed in proportion to all authorized buyers based on Total Ethereum "ETH" Contributed for the corresponding periods as shown below: