Post
Topic
Board Tokens (Altcoins)
Re: 📌[ANN]📈[ICO] Tokeneo Exchange - World's 1st Community-owned Crypto Exchange🌎
by
humoongus
on 03/08/2018, 11:36:04 UTC
Your project seems to be really interesting & promising, I would love to invest. But why there is no mention of the price of the token?

Like it was mentioned before the final price of our TEO token depends on final amount of collected funds.
Here's an example of how the community itself will resolve the price.

Hipothetically we collect 1000 BTC during the ICO. It means now that final price of our TEO token is 1000btc divided by 100'000'000 which equals 0,00001 BTC per TEO. Ff we collect twice the amount the price per TEO will be 0,00002 BTC and the reason to this is fixed supply, all tokens will be premined and sent to investors' wallets after the ICO ends.

I hope that explains it.