Looks like there is no discussion about their Phase 2 sale:
Phase 2 Trust: 3X the total number of FUN issued in Phase 1 (emph: ed) will be created and held in trust until
the Phase 2 Dutch auction event.
Phase 2 Auction Date: TBD (Sept likely)
Phase 2 Auction Distribution: Any tokens not sold in the Phase 2 auction will be distributed pro
rata to Phase 1 token holders.
https://www.funfair.io/wp-content/uploads/2017/06/FunFair-Commercial-White-Paper.pdf
So they are creating 3x the amount of tokens sold in phase 1. If phase 1 is sold out there should be sold tokens for 120 million USD. In phase 2 they then will create tokens for 3x120 million = 360 million USD.
So total token amount in USD will be 120 + 360 = 480 million USD? That will be real fun (for those FUN distributors...)
Phase 2 Trust: 3X the total number of FUN issued in Phase 1 (emph: ed) will be created and held in trust until
the Phase 2 Dutch auction event.
Phase 2 Auction Date: TBD (Sept likely)
Phase 2 Auction Distribution: Any tokens not sold in the Phase 2 auction will be distributed pro
rata to Phase 1 token holders.
https://www.funfair.io/wp-content/uploads/2017/06/FunFair-Commercial-White-Paper.pdf
So they are creating 3x the amount of tokens sold in phase 1. If phase 1 is sold out there should be sold tokens for 120 million USD. In phase 2 they then will create tokens for 3x120 million = 360 million USD.
So total token amount in USD will be 120 + 360 = 480 million USD? That will be real fun (for those FUN distributors...)
I think they changed it in the last few days so that the maximum that could be sold in this first crowdsale is circa 10 million USD.
Quote
Phase 1 has a soft cap of 500 million FUN tokens ($5m) and a hard cap of 1 billion FUN tokens ($10m). Phase 1 FUN Creation will end 4 hours after 500 million FUN are issued or on July 7, 2017 at 14:00 UTC, whichever is earlier. If 1 billion FUN are issued, the creation period will end immediately.
https://funfair.io/token-event/#faqs
(They've raised about $6 million in ETH so far)
