After reading a lot of concerns here. I guess the team do have to clarify and address these concerns.
From your previous statements:
And from what we could see on the Coinmarketcap
Clearly, the Total supply is still 100m, this will remain so even if Bowhead Team would lock up unsold tokens for all eternity.
(These data will only change UNLESS, The team would decide to burn those unsold tokens)
Which means, the Total AHT Token Available for Bounty should be 1 million. Right?
Facts:
Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands.
Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned).
I do hope the team would come up with a decision that would benefit all of the involved parties; investors, bounty hunters, and the company itself.
The way I see it, this can only be achieved by burning those unsold tokens.
I think their mean is if bounty hunter accept become member of AHT club till 2018 when they open new ICO crowdsale and unblock 92% supply coins, they will continue distribution to these bounty hunter. It just is my think, because honestly, I'm also cannot understand their announcement.From your previous statements:
Distribution of the bounty fund:
Total AHT Token supply: 100m
Total AHT Token Distributed in ICO: 40m
Total AHT Token Available for bounty: 1% or Total supply of Tokens - 1,000,000 AHT
Total AHT Token supply: 100m
Total AHT Token Distributed in ICO: 40m
Total AHT Token Available for bounty: 1% or Total supply of Tokens - 1,000,000 AHT
Clearly, the Total supply is still 100m, this will remain so even if Bowhead Team would lock up unsold tokens for all eternity.
(These data will only change UNLESS, The team would decide to burn those unsold tokens)
Which means, the Total AHT Token Available for Bounty should be 1 million. Right?
Facts:
Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands.
Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned).
I do hope the team would come up with a decision that would benefit all of the involved parties; investors, bounty hunters, and the company itself.
The way I see it, this can only be achieved by burning those unsold tokens.
The Bounty supply calculation itself was wrong from the very beginning. Even if you consider bounty pool based on Circulating supply, at any point of time after ICO (Assuming 40M tokens were completely Sold out) circulating supply will never be above 40M and so bounty pool would have been 400,000 which is 1% of circulating supply(Best Case Scenario)!
Since rest of 40M is for patient data stuff, these coins will take years and years to come to market circulation! (Which depends on adoption of this device by users)
The entire 1,000,000 tokens for Bounty was a trap to lure all the bounty hunters to join the campaign! This can give you the idea of intentions of bounty manager!