Topic: deleted post - page 94. (Read 70743 times)

The price is 5 USD right now!   

Dear Aeron Supporters! We have seen a number of questions related to the recent change in the total circulating supply from 12 to 13 million ARN. From 20 million ARN tokens in existence, 8 million were frozen. That was a voluntary decision by the team to avoid dilution to the paying token holders and support token value. As defined in whitepaper, these tokens have the following purpose: 20% for network growth facilitation and partnerships, 18% for the team and 2% to cover costs associated to the token sale. Given unprecedented growth in token price, part of these tokens was claimed and had to be allocated ahead of our intended schedule. Specific allocation under the heads as defined in whitepaper is 2% (400 thousand) as sales costs and 3% (600 thousand) to facilitate network growth for the upcoming partnerships. We would like to reiterate that according to the original plan, all tokens should have been allocated at once, and decision to freeze part of the tokens was purely voluntary to limit the circulating supply. We were advised that advance notice of intended allocation could have an unpredictable effect on the token price and therefore we have taken a conservative approach to discuss such allocations post factum. We further reiterate our decision not to allocate any team tokens till the roadmap milestones are achieved. Hope for your understanding and support.