When will the distribution end for EXO? What happens when the 200+ btc target was not met?
Just the post above yours:
The dev have updated the 2rd ipo online ,
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announcement: 24th January 2014 on bitcointalk exclusivly
early-bird investmens until 22nd February 2014. Done. No more investments please!
2nd stage: opened until 14th April 23:59:59 GMT, see about tab for information
open beta: launched but shutdown again due to coding work (next beta version ETA 14th April)
launch: ETA 30th april
start mining: ETA 2 weeks after launch
start decentral market: ETA 3 weeks after launch
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2nd stage only 0.02 to 1.5 BTC will be considered. No LTC/NXT/... will be accepted for the 2nd stage. 2nd stage investments possible up to 14th April 23:59:59 GMT. If you have send a PM to eXo_coin (see below why) until that point of time you can be granted to invest at the next day and it is still valid. Just PM before 23:59:59 GMT.
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So it have left 2 day to pm eXo_coin and 3 day to transfer btc to him
If the btc upper cap (it is not like our target) will not be met it is not drawback for any investor. All investors 1st and 2nd stage will get more coins the less investors there are (obviously). But the less BTC invested the less EXO is worth. In my opinion it does not change a lot whether there are many or few 2nd stage investors.
But: It is ensured that a 1st stage investor gets MORE EXO from 1 BTC than a 2nd stage investor. Please read(scroll to the ultimate end of page):
the very last "#update" paragraphThe second stage investors still have considerable risks compared to 1st stage investors given that there is still no working and stable client. And second stage investors' max amount is set by the developers. And what about those who used escrow? Both the 1st and 2nd stage investors who used escrow have far lesser risks compared to second stage direct investors