Good morning! how many ins are you going to issue?
The maximum token supply is 150,000,000. The exact number of tokens generated depends on the amount of funds contributed. No token creation, minting or mining after the end of the ICO period.
How are going to distribute the funds?
Up to 90,000,000 tokens (60% of the total supply) will be allocated for the ICO participants.
The remaining 40% will be splitted as follows:
15% Team
5% Advisors, Early Supporters, Bounty
20% Reserve Fund
You are planning to raise a lot of funds! your target is 150k ETH, right? What are you gonna do with all that money?
The funds raised during the ICO are planned to be used in accordance with the roadmap.
Research&Development - $16,000,000
Infrastructure - $10,000,000
Admin&Operations - $5,000,000
Marketing&Sales - $10,000,000
Legal - $2,000,000
Contingency - $2,000,000
Our roadmap assumes development of all features for the INS Platform and feature-rich apps and interfaces for all ecosystem participants, as well as the launch in up to 10 cities across the world with a strong marketing support to accelerate adoption by manufacturers and consumers.
Research&Development costs cover all R&D expenses, including design and development of smart contracts, cryptographic mechanisms, the INS Platform, apps and interfaces, SDK, etc. Includes opening of an R&D center with approximately 35 engineers.
Infrastructure includes the costs associated with the initial launch of physical infrastructure.
Admin&Operations costs include salaries of all INS employees excluding the R&D team.
Marketing&Sales budget will be allocated on acquisition of both manufacturers and consumers.
Legal costs include all legal expenses associated with expansion of the INS ecosystem in different countries.
Contingency fund is calculated as 4% of the total budget.