Quote from: David-M on October 27, 2017, 06:51:42 AM

Hi BeBlockTech,

This is David Moskowitz, the CEO/Cofounder of Indorse.

Happy to answer your questions regarding the token sale.

Your theory of how the token sale was conducted is not correct.

To start with- the market cap number, we've been trying to get CoinMarket cap to update that number for a few weeks. They have just been slow to update. This is the price from the current circulating supply times the current value of each token.
Unfortunately, the price of the token has dropped drastically, dropping the market cap. It's not something we want to see happen. If you knew me, you'd know that I take such things very personally.

The reason that there are so many more tokens held in reserve is that we held 37.5% for a second issuance in about 18-24 months (explained in the whitepaper), and also the unsold tokens issued for the sale itself. It also includes locked up tokens for the advisors, founders and employees.

I apologize if we haven't been clear on the roles of the developers, or updated the website enough with their titles etc. We were quite busy with hiring last month, and now the team has been busy working on the next version since the ICO ended and we move onto the MVP.

I'll also check on pushing updates to github.

If you have a question on the project, please let us know and I'll do my best to answer.

David

Edit- I'll put together a list of what tokens make up the current circulating supply and what is currently out of circulating and post it shortly.

Quote from: David-M on October 27, 2017, 09:02:24 AM

If you are interested in the code development, we've been using bitbucket:

https://bitbucket.org/gaurangtorvekar-admin/indorse-web-app
https://bitbucket.org/gaurangtorvekar-admin/indorse-backend-actual

David

Quote from: David-M on October 27, 2017, 07:32:47 AM

Circulating Supply: 46,508,191.6650790000 IND Tokens
This is the summation of the IND sold in Seed Round, PreSale Round, Token Sale Round, Tokens kept aside for Marketing and Bounties.

The IND token contracts which relate to:

(A) Future Usage: 58,832,578.4191050000 ,
(B) Advisors and Team: 28,079,513.3884562000 ,
(C) Inflation tokens: 14,624,747.000000000000, and
(D) IND Unsold Tokens (from Token Sale Round): 22,577,013.373442100000
are NOT in the market as CIRCULATING IND TOKENS.

Total IND Tokens which are currently non-circulating=124,113,852.1810030000

David

Nice update and reply👍🏻