The distribution method is really very ambiguous described.
You need to do better than that, otherwise people wont understand how it is done.
The make it more understandable.
6 mil SMT is sold during Presale and Sale
These 6 mil SMT buy a certain number of masternodes, from certain coins.
The bought Masternodes, generate 600 Ether a Month, which is equivalent 0.0001 ETH per SMT
- if you own between 3000 and 4500 SMT, you get 0.000030 ETH per SMT (30%)
- if you own between 4500 and 6000 SMT, you get 0.000050 ETH per SMT (50%)
- if you have own between 6000 and 7500 SMT, you get 0.000070 ETH per SMT (70%)
- if you have >=7500 SMT, you get 0.000090 ETH per SMT (90%)
So basically, if there are lot of people holding lower amounts, the missing percentages goes to the team. Before people start to cry out, cause the team is stealing "earned money", think again further down the line
The missing percent goes to the team, and the team can use it to
1)Pay for developement
2)Pay for their salaries
3)Pay for transaction fees (MN coins to ether) and transfer fees (resulted ether to token holders)
4)Pay for Masternodes hosting fees.
4)Acquire more MN.
I am writing this to the Developement team. If this is indeed the case as i have described it, it needs to be published explicitely, so that people understand where the missing procentages goes.
If those missing percentages are used to grow the team, and to grow the Number of masternodes the team has under control, then that is a good plan, a good one indeed.
If the missing percentages are going to be used this way, then the value of the SMT coin will increase, as the team gains more MN.
Question:
1)Did i got the percentages and ranges right ?
2)What happens if you have below 3000 SMT, you get nothing ?
More clarification is needed before i start to invest
