ZEWT Token burn strategy explained
"If you read our whitepaper, you probably noticed that we have committed to burning all of the tokens that were not sold during the token sale.
How many tokens from token sale should be burned?
Let's first start with total supply of ZEWT, it is equals to 400,000,000 (400 Million) ZEWT in existence.
Our token allocation was as follows:
(1) Public (You) = 60% of total supply = 240,000,000 (240 Million) Tokens.
(2) Team (LOCKED) = 10% of total supply = 40,000,000 (40 Million) Tokens.
(3) Investors = 8% of total supply = 32,000,000 (32 Million) Tokens.
(4) Advisers = 8% of total supply = 32,000,000 (32 Million) Tokens.
(5) Legal = 5% of total supply = 20,000,000 (20 Million) Tokens.
(6) Strategy = 7% of total supply = 28,000,000 (28 Million) Tokens.
(6) Bounty = 2% of total supply = 8,000,000 (8 Million) Tokens.
During our token sale, the public participants (You) was able to acquire 21,000,000 tokens out of 240,000,000 which we allocated for the crowd sale that represents roughly 9% from total amount of 240,000,000.
Hence we allocated 60% to the public holders and as a crucial gesture of transparency and long-term commitment we have decided to lock & burn tokens as follows:
(1) Public (You) = 60% of total supply = 240,000,000 (240 Million) Tokens.
To be burned = 219,000,000 (219 Million) unsold.
Holders = 21,000,000 (21 Million) Tokens.
(2) Team (LOCKED 1 year) = 10% of total supply = 40,000,000 (40 Million) Tokens.
Reduced to 9% of it which equals to 3,600,000 (3.6 Million) Locked for 1 year and kept in this public wallet for transparency 0xe3977aa6fb3ee9be2591d7c37cb8dccb34c87897
(3) Investors (LOCKED 1 year) = 8% of total supply = 32,000,000 (32 Million) Tokens.
Reduced to 9% of it which equals to 2,880,000 (2.8 Million) Locked for 1 year and kept in this public wallet for transparency 0x1e4c85126cf6e80d46a383d143032c2e4f46fea5
(4) Advisers (LOCKED 1 year) = 8% of total supply = 32,000,000 (32 Million) Tokens.
Reduced to 9% of it which equals to 2,880,000 (2.8 Million) Locked for 1 year and kept in this public wallet for transparency
0xb3b3f7d8fe6e41adefb75015747dc3f347089bcf
(5) Legal = 5% of total supply = 20,000,000 (20 Million) Tokens.
Reduced to 9% of it which equals to 1,800,000 (1.8 Million) kept in this public wallet for transparency
0x8a8c940ad4739911e6852c476e36fde56ca8d5e5
(6) Strategy = 7% of total supply = 28,000,000 (28 Million) Tokens.
Reduced to 9% of it which equals to 2,520,000 (2.52 Million) kept in this public wallet for transparency
0xb64ebf4a957993dc0c5df2e5e6c2072aea2a7393
(6) Bounty = 2% of total supply = 8,000,000 (8 Million) Tokens.
Reduced to 9% of it which equals to 720,000,00 (720 Thousand) to be transferred in batches after checking if bounty rules have been followed, bounty consists of Social media, You tube, twitter etc. — bounty tokens are kept and will be distributed from this wallet
0x9e8c28e4151b2355c98dc4c234355c78c490a920
Token burn strategy will happen over the course of 3 years starting from 2019 till 2022.
The tokens will be burned in small & big batches at a time.
To prevent market & price speculation, each burn will take place at a random time and will not be announced beforehand."
https://ico.zeew.eu/news/29