Quote from: fractastical on June 02, 2014, 01:26:46 AM

Quote from: hill on June 01, 2014, 11:35:36 PM

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.pdf

I'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 Bitcoin

20% 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.