To me I looks like an awareness strategy thing and maybe is just going to last few weeks but am surprise it's still existing up to now
Yes, this is short term bonus will occur at presale only. And after a long time, i determine will invest at minimum amount of KNW
. Hope they will x3 after ICO end.
But how about the token sale economic details and how many tokens was allocated ? Do we have information on what they will do with the unsold knowledge tokens ? will they burn them ?
Thanks for asking this. We're likely not to burn any tokens, rather they will end up back in the meta-mining reserve.
Here's an explanation:
This process by which tokens are distributed to participants on the Knowledge.io ecosystem is an analog to bitcoin pool mining. We call this process meta-mining, and like bitcoin pool mining which has a 1. fixed supply, 2. increasing difficulty over time, and 3. halving of rewards, the KNW tokens are distributed in a similar way, fractionally and proportionally based on contribution of Knowledge to the pool, meeting all 3 criteria above.
In the Knowledge.io ecosystem, our rewards mechanism is an analog to bitcoin pool mining. Publishers are like pools, and their users/visitors are like the individual miners on the pool. Rewards are issued proportionally based on the individual’s contribution and the publisher earns tokens for operating the website, app or platform.
Knowledge.io receives fees for operating the Q&Ads platform, but most of the KNW tokens are indirectly distributed to the publishers and users based on a structured rewards mechanism. Knowledge.io then deposits a portion of the tokens it earns from advertisers back into the treasury to replenish the pool used for distributing tokens.
The KNW token is a pre-minted ERC-20 compliant token on the Ethereum blockchain. There is a finite supply of 150 million tokens. The calculations needed to earn rewards increases in difficulty over time, and the rewards are halved over time/difficulty.