Post
Topic
Board Announcements (Altcoins)
Re: [ANN] DWT TOKEN [ICO LIVE - 50% Bonus] -Linking Cryptocurrencies to Mainstream
by
dwallet.online
on 06/09/2017, 16:15:57 UTC
this project has a very long ICO time, and it looks like dev is very ambitious inside, that's good, but there is no explanation how many tokens will be distributed for ICO, will all total tokens of 1 billion be distributed for ICO?

Thanks for your comment dear.

Let me use this opportunity to explain regarding token distribution.

Current Supply of Tokens is 1 Billion ( which is initial supply, kept large in order to address ERC20 protocol bug where big investors can take control of contract if their total coins count go above 50%, this high value will prevent this issue to happen).

Now how the supply of token will be calculated:

(Total number of coins issued during ICO) + (10% Coin in Freeze Vault ( which cannot be used till one year, you can check contract source code for same) )+ (2.4 Million Coins for Bounties) + (1 Million Coins Bug Bounties)

Rest of the remaining coins will be destroyed once ICO ends. Burn Coin is public function(you can check same in contract source code), so anyone can execute that to destroy coins once ICO ends.

So consider an example, if 100 Million coins are issued during ICO then total supply of coins would be:
100M + 100M (10% of 1 Billion) + 2.4 M + 1 M = 203.4 Million (out of this 100M coins in Freeze vault cannot be used till next 1 year)

Hence the effective coins supply would be 103.4 Million (If 100 Million coins are sold during ICO).

Hope you understand. Let us know in case you need more details.