Swarms crowdfunding will close on July 20th with a target of 17,000 bitcoins.
17000BTC*630$=10.7m$! LOL, that is too much!
This is a slight mistake and is currently being corrected in the article. Our target is 4,000 BTC. We will accept an additional 17,000 BTC in a second phase at a slightly lower rate of exchange.
If we raise a larger amount these additional funds will be used to underwrite future coin launches.
For additional details see the booklet that was recently given out at our announcement in Vienna:
https://www.dropbox.com/s/6qt7g20sgposayu/swarm-booklet-v6.pdfI'm trying to understand the donut graph on page 11 of the swarm booklet labelled fundraiser but it doesn't seem to tally up.
The chart and key lists:Open Phase 1 4000 Bitcoin
Open Phase 2 17000 Bitcoin
Indication of interest 500 Bitcoin
Swarm reserves 1000 Bitcoin
Sum: 22500 Bitcoin20% of 22500 = 4500 (shown on graph as 4000)
68% of 22500 = 15300 (shown on graph as 17000)
4% of 22500 = 900 (shown on graph as 500)
8% of 22500 = 1800 (shown on graph as 1000)
As far as I can see the booklet shows Swarms crowdfunding will close on July 20th with a target of 22,500 Bitcoins.