@ eXo_coin
since you are aiming for a widely and fair distribution of EXO i have got two questions:
1. how are you going to prevent that nobdoy can invest more than 1.5 btc in total? are you going to have a public auditing like NEM for example?
2. let's assume you present a more than decent piece of software when starting the open beta and let's assume that the open beta draws some attention to a lot of new investors, so that all of a sudden in the 2nd stage of the ipo around 500 btc are raised in total. considering the 175 btc from the early bird stage, according to your current distribution this would mean that an early bird investor would get around 134k EXO for investing 1 btc whereas an investor of the second stage would only get 37k EXO for investing 1 btc. so the early bird investors would obtain the 3.63-fold for the same money. would you change the distribution in such a case and if so how would it be changed or would you simply leave everything as it is cosidering this a fair distribution?
exact details/conditions for 2nd stage investments will be communicated soon on website/ANN etc.
However I can tell you that there will be an upper cap so that there won't be 500btc. Regarding your first question: As for the 2nd round we will only allow investments through bitcointalk PMs to me (so we will not allow mails anymore). Although it might be a huge overhead we would do the following: Everyone who wants to invest
must PM me before doing any transfer. We will send an "ok" back to you first (checking if person is e.g. quite new and possibly a 2nd account and if upper cap is not reached yet).
I hope this process will be acceptable for most of you. I would see the upper cap at 250BTC. But have to check with my team first. We are considering to cross out LTC investments so that we would only allow BTC. Since 2nd stage will be opened ~2weeks everyone has the possibility to convert his LTC/other coin easily to BTC on his own.
regards
eXocoin
#edit @rramires:
case A: there are only very few 2nd stage investors (lets say 10BTC). In that case 1st stage investors would get large parts of 2nd stage as well so that a 1st stage investor of 1BTC gets at least a bit more than a 2nd stage investor of 1 BTC.
case B: there are way more 2nd stage investors (lets say the upper cap = 250BTC). In that case 1st stage investors get 23.5% as defined.
So whatever may happens in 2nd stage: early bird investors will get at least a bit more EXO from the same investment amount than a 2nd stage investor. That is a guarantee. I hope this clarifies it?