16 days left until the token sale ends - Does this refer to the Lot #2 Phase? or the whole token sale?
What happens to the unsold tokens? will they be burned?
It is now 15 days left before the token sale ends. I know many investors will invest their money to this project. I also curious about what will happen to the unsold token.What happens to the unsold tokens? will they be burned?
Re-quoted since there still isn't any answer on this. Almost 5 days left until the end of ICO.
What happens to the unsold tokens? will they be burned? or kept by bowhead team?
I also await the response, what happened to the unsold tokens? Burned?
Hello, we have answered this previously in the thread:
In the event of having unsold tokens during the Anonymized Health Tokens AHT Original Pool sale which ends
August 31, 2017 we will implement the following strategy to protect those who backed our vision in the early days
and also provide us with potential new tokensale funds.
- Step 1: Create and Lock Two Pools
Take any unsold tokens and create two locked pools with equal amounts. For clarity, if there are
1,000,000 AHT left each pool, AHT Pool A and AHT Pool B would each have 500,000 AHT.
- Step 2: AHT POOL A
Starting September 1st, 2018 AHT Pool A will be sold at a 5% discount to the backers of AHT Original Pool
in pro-rated parts. The discount will be calculated based on the average 7-day market value (for the
previous 7 days of September 1st, 2018) of AHT on any major exchanges.
For example, if someone purchased 1% of the AHT Original Pool they will have a 30 day option to
purchase up to 1% AHT Pool A starting on September 1st, 2018.
Confirmed buyers from AHT POOL B will receive their tokens on November 1st, 2018.
- Step 3: AHT POOL B
Starting September 1st, 2019 AHT Pool B will be sold at a 5% discount to the backers of AHT Original Pool
in pro-rated parts. The discount will be calculated based on the average 7-day market value (for the
previous 7 days of September 1st, 2019) of AHT on any major exchanges.
For example, if someone purchased 1% of the AHT Original Pool they will have a 30 day option to
purchase up to 1% of the AHT Pool B starting on September 1st, 2019.
Confirmed buyers from AHT POOL B will receive their tokens on November 1st, 2019.
Bowhead may decide to burn all or certain amounts of any unsold tokens. These terms are subject to
change to comply with the evolving regulatory landscape. We may initiate similar tokenpool sales following 2019 or
until tokens are sold.
