Usually when choosing an investment I always see the initial achievement when ico is opened when many people invest then I will also buy in ico
Well where can we monitor the achievement of ico? Is there an address provided so we can monitor it?
Well where can we monitor the achievement of ico? Is there an address provided so we can monitor it?
I also want to know how much they raised so far, it would be like to see the progress of the ico and I also want to know how fund lake team are investing themselves.
On the first question, see the above answer: we're expecting Phase 1 to sell out quickly but if we oversell tokens will be allocated pro rata. LakeBTC has ten million user accounts. We have very many pro-traders investing with us. A lot of the demand for tokens in Phase one is coming from guys like that.
As to your second question, I'm not quite sure what you mean. 25% of the tokens are allocated to the team, but we subject ourselves to a long 5-year vesting schedule in which team members can only trade 20% of their tokens each year. This demonstrates our long term commitment to the project.
Our CSO wrote an article about team token allocation comparing us with some other successful ICOs. You can check it out here: https://medium.com/@andrew.mccarthy/ico-distribution-models-team-tokens-a866641e579
