I'm quite enthusiastic about the potential for this project and ICO, but I don't understand the token distribution model. Looking at the whitepaper and the pre and ICO token sales distribution, I'd like to better understand what happens with the remaining tokens.
If the total amount is 2,200,000,000
Pre-ico is 17,200,000
ICO is 862,800,000
And bounty allocation is 10,000,000
=890,000,000
That leaves 1,310,000,000 tokens.
According to the whitepaper, 50% is supposed to go to the community. How will the balance be distributed to the Moms Avenue community, and over what time period (e.g. how many years)? The whitepaper states a 12 month lock, but does that mean they could all hit the market after one year, causing a huge deflation in value, and how is that 50%? The math doesn't add up.
Please elaborate.
Regarding 50%. We are looking for a long-term deal with Community. Tokens in this list will not hit exchange or traded. These tokens could go to users via Rating and Reward system. Rewards will be managed by supply and demand principles to avoid impact on token price.
Our constrains
- Tokens will move from this pool via smart contacts only.
- Tokens from community development pool will be used for community development only.
- Tokens in community development pool will NOT be listed on Exchange.
- It will be a constraint not allowing to use more than 20% community development pool in 12 months period.
- Tokens usage will be balanced using supply and demand principles.
- Tokens will be accessible via Moms Avenue platform only.