Topic: [ANN] [ICO] 🌍 YOOMAHN | 🔥🔥Venture Capital meets Democracy 🔥🔥 (Read 149 times)

VentureHero

jr. member

Activity: 86

Merit: 4

We are quiet but we are preparing big things! Massive update coming in few days

Thanks to all for the questions and the connections!

VentureHero

jr. member

Activity: 86

Merit: 4

Quote

Hardcap =50 000 000 $ Shocked

with price 1$ and 100 mln Total Supply......here there is some kind of discrepancy, can you explain? Burning unsold tokens-automatically or manually?

Thank you for the questions!

The hardcap has been fixed to 50M$ because that's the size decided for this fund. We could shoot big numbers, but as YOOmahn philosophy we want to keep it down to heart.

Fixed maximum supply is 100 mln tokens, but clearly will not be the real circulating supply at the end of the ICO.

Consider the following:
- There are tokens allocated to bounty campaign, as % of the sold tokens;
- During Private Investor phase (now), investors are getting 50% bonus tokens (1$ = 1.5 YOO);
- Starting from Public Pre-Sale and going through the Public ICO, there will be some more bonus for buyers (from 30% down to 0%).

Regarding your question about unsold tokens, they will be burned automatically.

Thank you and do not hesitate if you have additional questions Cool