We do not have a Token-Hardcap. The total amount of Tokens generated will be calculated after the ICO is finished. The amount of tokens minted during the ICO will represent 25% of the total amount of Tokens that will ever be generated (This includes the Tokens from the Bounty program). So no matter how many tokens will be sold in the ICO, we still have 75% of all Tokens available to be mined after the ICO.
The Token will be listed on exchanges after the ICO. We already have our Listing scheduled with Globiance for July 2020 and are currently in talks with other big exchanges as well. If there are any news about this you will find out here or on any of our other social media channels, that you can find on our website.
If there is anything else that we can help you with, please feel free to ask!
nuco.cloud
Not sure why you wouldn't have a hard cap. That means that everyone who want's to buy, buys directly from the ico. And after that when you go to exchange, bounty hunters will get the 50% of the sold token amount without any costs. And they will dump everything like always to the thin walls without the buy support.
Of course we have a hardcap but not in EUR or USD or in the number of token. It could be possible that we sell 1 billion tokens but also 100 billion tokens for example.
The same amount of tokens sold in the ICO will go the Iron Eagle Capital GmbH and Williams Marketing GmbH (see section 7.4.1 and 7.4.2 in our whitepaper). The tokens of the Iron Eagle Capital and Williams Marketing are blocked by a vesting contract for 12 months and even after these 12 months only 10% of their tokens can be transfered per month (see section 7.4.2 in the whitpaper). With this approach we make sure that we as the funders can NOT do drop everything of our tokens to on an exchange and dump the price of the token.
So lets do a example calculation:
Tokens sold in the ICO to customers: 1 billion tokens (50% of all minted tokens during the ICO)
Tokens owned by Iron Eagle Capital: 0,465 billion tokens (46,5% of all minted tokens during the ICO)
Tokens owned by Williams Marketing: 0,035 billion tokens (3,5% of all minted tokens during the ICO)
After the ICO the token will go to an exchange. As I said the tokens owned by us are blocked by the vesting contract. So only customers can sell their tokens.
When the nuco.cloud is completly developed we will do a token swap (section 7.3 in the whitepaper) from NCDT (NuCo Development Token) to the NUCO(-token) which can be used in the cloud for renting computing power. This is also the token miners will receive for providing computing power. So NUCO is the payment token in the nuco.cloud.
The maximum amount of NUCO(-tokens) will be 10 times of the amount of NCDTs sold in the ICO (see graphic in section 7.4.2 in the whitepaper):
- 10% sold during the ICO
- 9,3% owned by Iron Eagle Capital
- 0,7% owned by Williams Marketing
- 5% for Bounty (ICO AND FUTURE, not only in the ICO)
- the other 75% will be generated in the future by our miners who provide computing power.
To your question with Bounty:
Only 5% of the NCDTs sold in the ICO will be the bounty for the ICO. The 5% you mean are for NUCO(-tokens) in the future when the nuco.cloud is released.
Of course many customers or ICO investors will sell their tokens when we get to an exchange. I think this is normal. It just depends on your entry price (for example 0,16 EUR at the moment) and for which price you sell your tokens on the exchange.
We will also do an IEO. The first contract is signed since may and we will extend our ICO to an IEO at the first exchange in August 2019. We will keep you updated.
nuco.cloud