Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] Ammut Network
by
ammutnetwork
on 20/03/2019, 19:18:04 UTC
If at the time of ICO 10 percent of tokens are not sold, then what will happen?


Since tokens are created during the investment, all unsold tokens will not be
created so there is no need to burn tokens. Our smart contract generates tokens
only when payment is sent. The team will also give away a percentage of their
tokens proportional to the unsold percentage of tokens in the ICO so that the
ratios are maintained. We’ll define that ratio after we finish the crowdfund and
we’ll take into account how many tokens we’ve sold. Those funds will be used
as a grant for research projects that hold significant importance. The funds
will be granted upon a voting system. AMMUT software utilizes a voting system
built directly into the wallet. Any network participant with a minimum stake in
AMMUT of 5,000 XAMM can vote in a poll. Votes can be weighted using a user’s
XAMM balance. Alternatively, a poll can tally votes through a one-wallet-onevote.
A user can create a poll if he has a minimum stake of 10,000 XAMM tokens
in his wallet.