Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICN] iCoin - IPO live now
by
captainhook
on 27/04/2014, 11:06:50 UTC
How does IPO work. If only these 2 investors pay do they share 2 million or is there set amount of icoin per btc
Use this formula:

Reward = Stage amount * (Personal Investment / Total Investment)

For eg. if there were only 2 investors, investor ID 2 would receive:

Investor ID    Amount Invested
1.    0.99 BTC    
2.    0.48 BTC    

Reward = 2,000,000 * (0.48 / (0.99 + 0.48)) = 653,061 ICN.