Quote from: ijuststarted on January 12, 2018, 07:39:11 PM

Quote from: futereum on January 06, 2018, 06:38:57 AM

[/i]LEVEL 1 / 114 FUTR/ETH / 1m FUTR
LEVEL 2 / 89 FUTR/ETH / 900k FUTR
LEVEL 3 / 55 FUTR/ETH / 800k FUTR
LEVEL 4 / 34 FUTR/ETH / 700k FUTR
LEVEL 5 / 21 FUTR/ETH / 600k FUTR
LEVEL 6 / 13 FUTR/ETH / 500k FUTR
LEVEL 7 / 8 FUTR/ETH / 400k FUTR
LEVEL 8 / 5 FUTR/ETH / 300k FUTR
LEVEL 9 / 3 FUTR/ETH / 200k FUTR
LEVEL 10 / 2 FUTR/ETH / 100k FUTR[/center]

If all levels are completed by GMT: Saturday, January 5, 2019 9:12:07 PM then all FUTR will be eligible to swap back with the ETH held in the smart contract on GMT: Saturday, February 9, 2019 9:12:07 PM. If any levels remain unmined after the completion date then the swap date will be moved back by 24 months.

Wow, so basically, you are saying: If people don't invest over 500000 ETH (600 Million USD) in FUTR, the swap date will be moved back by 24 months?
Oh, and i think you forgot to mention the fees that you take:

Quote

// Addresses for fees.
   address public foundation = 0x950ec4ef693d90f8519c4213821e462426d30905;
   address public owner = 0x78BFCA5E20B0D710EbEF98249f68d9320eE423be;
   address public dev = 0x5d2b9f5345e69e2390ce4c26ccc9c2910a097520;

   // Pays fees to the foundation, the owner, and the dev.
   // It also updates the state. Anyone can call this.
   function payFees() public {
   // Check state to see if swap needs to happen.
   _updateState();

   uint256 fees = penalty + (_submitted - submittedFeesPaid) * 1530 / 10000; // fees are 15.3 % total.
   submittedFeesPaid = _submitted;

.

From the White Paper:

12 - 36 MONTHS DEADLINE PROVISIONS (References & Explanations)
4.4 Checking the Deadline Each time a token is transferred, the time Is checked against the end time. If 12 months passes and the tiers are not filled, the deadline is extended to 36 months (Page 16); endTime Function Returns time of the next deadline (in Epoch time). This is updated for each different state. The length of each period (from contract creation time) is: Dispensing Tokens 12 months Dispensing Extended 36 months Wait 1 month Swap Tokens for Ether 5 days extended Function Returns a Boolean value indicating whether the token dispensing period has been extended because all tiers were not filled in 12 months (Page 19)

FEES (References & Explanations)
See: 1.3 NON-PREMINED APPROACH: FEE-ENABLED MINING SOLUTION (Page 7); Therefore, instead of premining the FUTR smart contract, we developed a fee
schedule based on achievement of actual mining levels being achieved over time. Assuming 10 Levels of mining difficulty being achieved over 12 months, with an additional one-off charge for product development, the fee schedules we developed is as follows: Monthly Charge: 0.4% for Month 1-12 (there is no fee for additional months) Level Cost: 0.6% per Level 1-10 Administrative Fee: 5% (page 7); These fees, which comprise a total of 15%, are removed at source upon mining of the FUTR in ETH tokens (Page Cool

; 3.2 How Futereum Tokens Work (Page 13); For example, if there are 6.73 million FUTR in circulation, and the holder exchanges 673,000 FUTR, then given a total of 197,908 ETH (not including the 15.3% fees as per Section 1.3) (Page 13); 4.3 Storing Ether (page 16); The Ether remains in the Smart Contract and the fees are deducted (Page 16); payFees Function Pays any outstanding fees to the foundation and other addresses. Anyone can call this function (Page 20); Insofar as the fourth point is concerned, The Futereum Foundation does not receive any portion of any profit. It receives a flat fee paid in ETH at the point at which the FUTR is mined 9page 22); For every ETH received, the Foundation holds a multi-signature for the purpose of effecting any urgently in demand any technical issues. At the point when FUTR is mined, a one-off fee of 15.3% is subtracted from the smart contract pool of ETH employed in the mining process (Page 23); NB also big diagram on Page 23 (Part Cool

detailing how fees are used

We are sorry if you missed these refs in the White Paper, but we are quite certain we did not forget to point them out. Thank you for doing so here at bitcointalk however for those that didn't read the whole White Paper through this is certainly beneficial (NB the note on website under MINING FUTR which reads: Please be advised: We suggest that miners read the White Paper before mining FUTR in order to better understand its multi-utility characteristics.)