Re: [ANN][ICO] The Agora [ETH/BTC] - Passive income with next-gen marketplace
Can you provide more detail as to the distribution of the tokens and what the funds raised will be used for? Thanks
The token distribution last 2 months. There is no maximum cap. The total of token released after the ICO period can never be changed. 1/6 of the tokens are owned by the development team. If you want more details, you can find it in our whitepaper
.The funds will be used for :
- ~70% : Developing/Designing the marketplace
- ~10% : Legal consideration
- ~20% : Marketing, helping marchants to create an account
Yeh this is what confused me in your whitepaper: "For 1 token created for a shareholder, 1/6 more token are created and given to the contract owner."
So does that mean that the development team will hold 1/6 of all tokens or 0.166/1.166 ~ 14.2% of tokens?
Thanks for providing what the funds would be used for. This doesn't seem to be in your whitepaper.
Thanks