Quote from: Iolanta on August 24, 2017, 08:27:29 PM

Quote from: bitnautis on August 24, 2017, 05:27:44 PM

Seems like a very interesting and promising project however i am a little bit confused about coin issuance , so 15% of coins during pre-sale and 1st stage sale
what about the rest 85% ?
You state that the rest will be issued on next stages of emissions ?
How and when?
Do you plan to make multiple stage coin offerings?
Won't this cause coin inflation ?
Why wouldn't you define from the start the total amount of coins to be issued ?

You can find all this info on our website: https://www.foodcoin.io/faq

Total amount of tokens that will be issued within our smart contract will be calculated as follows:
c = (a + b) / 0.09
where
a - all tokens ordered at the pre-sale stage (with 1.35 multiple)
b - all tokens ordered at the 1-st sale stage (with 1.20-1.05 multiple depending on the time of order)
0.09 is 9% from total amount of tokens ordered by the users at the pre-sale and sale stages.
c -total amount of tokens FdC that are planned to be issued at all the stages of emission
15% of total amount of tokens will be issued for the 1-st sale stage.

Will you be putting up the entire total supply of tokens on the exchange?

When we determine the total number of tokens (according 9%), additional 6% of tokens will be issued. The remaining coins will be released as necessary. The remaining 85% of the total coins will not be issued until next emission, and will not be owned by anyone. On the next stages of emissions, the tokens will be sold on exchanges. The price will be estimated on cryptoexchanges as a bid/buy balance All emissions will be divided into various stages in order to avoid extreme speculation with our tokens.

Please note that i already read your whitepaper I am afraid that just copying and pasting your whitepaper is not answering my questions that's why i posted in the first place!
maybe you could be so kind to address these questions to the relevant person inside foodcoin? i feel this would help better inform people willing to contribute. Thanks