wow big distribution to ICO, maybe i will read again the rule of ICO and i will join ICO in your project, because i think that distribution token big for someone join the ICO
Token Distribution Model
The maximum number of XBX tokens that can be issued is limited to 300,000,000.
The distribution of tokens during both phases of the ICO is shown in Figure 9 below.
70% of the total amount of tokens issued will be sold during the pre-ICO and ICO
phases to the public.
15% of the total amount of tokens issued will be held in reserve for use in future as
decided by the governance committee.
The governance committee will be lead by the CEO of Bitex Global and the license
holders of the Bitex and EZBitex platform. Funds raised during the ICO will be governed
jointly by the shareholders of the local, licensed companies in each of the countries
where Bitex will operate as described in this White Paper as well as those of future partners when they join Bitex. Three or more audit companies will be used to audit the
funds usage to ensure an efficient and transparent usage of the ICO funds.
9% of the total amount of tokens issued will be given to the founders and team
members involved in developing the Bitex project. The amount given to the founders
and team members will be placed in a smart contract written to ensure that the funds
cannot be withdrawn for 1 year starting 1st July 2018. After 1 year, 1⅔ % of the original
vested amount will be distributed each month over a period of 5 years to the founders
and team members.
3% of the total amount of tokens issued will be reserved for rewarding advisors whose
continuous efforts have helped shape this project.
1.5% of the total amount of tokens issued will be used for marketing and advertising
the Bitex cryptobank. Youtubers and influencers on Twitter and other social media as
well as individual influencers who use word-of-mouth to advocate Bitex, the EZBitex
platform and this ICO will receive a reward from the XBX Referral Program.
Potential investors who register for the ICO will automatically be provided with a
referral code. If this referral code is used by another investor during registration, both
the referrer and the person who uses the referral code will be granted a bonus of 2%
(in XBX tokens) of their purchased amounts.
1.5% of the total amount of tokens issued will be used to reward participants through
a bounty program that will be announced on
https://bitcointalk.org/ forum.