I'm also waiting on a response from the Dev's (who are pretty darn quiet on here!!??) regarding these ICO points:
So if I understand it correctly:
- using a BTC price of $1444 USD. If Exscudo raises 2K BTC by the end of the ICO = $2,888,000 USD
- 10 million EON initial distribution to ICO investors.
- Leaving 140 720 000 EON
- 140 720 000 EON / 2 = 70,360,000 EON to be distributed to ICO investors proportional to there initial % investment.
- So someone that invested $1500 USD would have a proportional investment 0.0519%
- They would receive a total of 41,706.84 EON
- Then the remaining 70,360,000 will be held in a a "Non-profit organisation Exscudo Foundation."
Do have this correct?
Questions:
1. Is there any lock-up period (1 year....6 months...etc) for the Exscudo Foundation, as well as the team that holds 12% of EON?
2. Is $2.8 million enough to fund the future plans for the project? Specifically, the "Clearing Funds" that Exscudo will require will most likely be a large component of expenditures.
"Clearing funds are funds that will be allocated in fiat deposits to our partner banks in jurisdictions where Exscudo operates. The funds will be used for internal automatic clearing operations and to enable minimum commissions for our users."
3. Are there plans to increase the size of the Board with some External Board members that are not part of Exscudo?
Current Board Members - 1. Andrew Zimin - CEO, Founder; 2. Alexey Sitnikov - CTO, Founder; 3. Julian Kossinov - CFO.
4. The EON's will be distributed to ICO participants after the EON genesis block. Correct? What is the targeted date for the initial launch of the blockchain of the EON Blockchain Platform and the genesis block?
Any clarity on all these questions would be greatly appreciated. Thank you for your time.
Hello!
Thanks for the questions. Here we go:
1. Yes, there will be a lock-up period. We will announce how long it is going to be a bit later.
2. $2.8 mln are enough for development. Here is the dev plan:
https://exscudo.com/Development_Plan.pdf3. We plan to increase the size of the Board with some External Board members, yes.
4. The EON coins will be distributed amon ICO participants within 2 weeks after the ICO end. This is a security measure. The blockchain will most probably launch before the end of the crowdsale with the Channels messenger.