After reading a lot of concerns here. I guess the team do have to clarify and address these concerns.
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
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. Hello Julerz12,
Thank you for your questions. On August 9th an update was released by Bowhead detailing our strategy for unsold tokens, you can read this update
here. The rules of the bounty specifically said that we reserve the right to change terms due to circumstances like these where we had 40M tokens to be sold and only sold a fraction of the tokens. It would be unfair to others if we provided an abnormally large bounty pool versus the pool which was sold. We believe locking the pools of tokens in equal ratios to our original strategy provides the fairest solution and allows extra growth for Bowhead.
We are providing solutions to keep everyone happy and hope our bounty community join us for the long run and extra incentives we have planned for the $AHT Club
https://medium.com/@bowheadhealth/aht-tokenholder-update-c05ee40db783