Post
Topic
Board Announcements (Altcoins)
Re: [ANN|ICO] Nauticus - Better Banking & E-Commerce using Blockchain Technology
by
Nauticus_Support
on 31/05/2018, 16:49:14 UTC
I have a query... Read some articles about coin burn after the final bonus sale closes... Coins that remained after the ico will be burner.. so will the circulating supply reduce of the whole total supply from the burned ones..

There are a *potential* 2.5 billion tokens, but what the total number of tokens will actually be is entirely based upon what is SOLD during the ICO.

Tokens are allocated as 80% to public sale pool, 10% user referral program, 1.5% advisors, 8.5% team. And all token metrics are based on public pool as priority.

All unsold tokens are burned based on public ratio 80:20, ensuring fair value for all contributors.

So, in really simple terms, it's best to think of it like this: whatever number of tokens are sold during the ICO is the single largest determinant of what eventual TOTAL token supply will be, as the public sale constitutes 80% of TOTAL supply.

For example, if we only sell 500K tokens during the ICO, then that means that 500K is now eqal to 80% of total supply, only leaving 125K for the other 20% and meaning that all tokens above the 625K amount will be burned, greatly reducing supply.

This is a really easy way to think about it. So, at present, it's hard to say what the FINAL total token supply will be (until the ICO ends).

But what we can say for sure, is that whatever amount of tokens are sold during the ICO, this # will automatically become 80% of total supply, thus determining total supply amount.

Hope this helps to clarify and simplify things for you 🙂