Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] Exclusive Coin - Sr Member, Commodity Backedup, ICO with Escrow
by
flis1986
on 09/09/2014, 14:12:08 UTC
Hi,

There is a total amount of 60,000,000 Excl coins.
29,400,000 will be sold during the ICO, at 0.00005 BTC  for each coin.

That's mean that you want to raise more than 1,470 BTC at this price.
If you won't raised that amount, will the coins distributed to the investors or this is a fix price?


Nonsold coins go to burn adress and wont ever hit the market and yes you read good - i do not think we will raise 1470, thats why the coisn will be burnt making the coin even more rare.
Im currently allowing people to decide how much actualy total cap will be 60mil is just on paper it will propably be far from this! Who knows - we can end at even 30mil and become really rare and expensive.

Notice 100% bounties is BTC not EXCL. I want to avoid any type of price dumping that i can.

Thank you for answering.

Still, if you going to raise 1,470 BTC - you will be rich. If you won't riased the amount that you wish for and you will burnt the "extra" coins, your 600k coins will worth much more.

why won't you distributed the coins to the investors instead of burning them?
 
It seems like you coverd yourself both ways - instead of your investors.