Construction of CombiCoin
The construction of CombiCoin procedure has almost been finished. On our website you can find a graph with the near realtime value of all assets backing CombiCoin and the value of 1 CombiCoin. The data is updated every 5 minutes and uses the price information from coinmarketcap.com.
Check our website for the graphs:
https://triaconta.com/Below you can find the total assets backing CombiCoin:
We will incorporate this in our new website.
Some remarks:
- At the end of our ICO we raised 2,261,536 USD. After deducting the costs as mentioned in the whitepaper for development and starting of the operations we have invested 2,081,537 USD in the assets backing CombiCoin. This doesn't take into account the various transaction and exchange costs. At this moment the value of all assets backing CombiCoin is 2,098,948 USD this means that the value of all assets combined is 0.9% higher compared to when we started.
- During the construction of CombiCoin we realised that "Bytecoin" should not have been selected. Reason for this is that "Bytecoin" isn't available at 3 exchanges. To replace ByteCoin we added the #31: Komodo.
- Bitshares have not been bought in full yet. We still need to buy around 18% of this coin and we will use the surplus Bitcoin we have. We will completely finish the buying process tomorrow. The list of assets will be updated after this is completed.
Token distribution and cost overview
We have been as transparant as possible but after our ICO we received some questions regarding the costs and distribution of COMBI and TRIA. Therefore we would like to use this opportunity to explain everything in detail.
Costs:
To cover the starting costs and software development the following amounts have been reserved:
Starting costs: 40,000 USD
Development costs: 140,000 USD
This resulted in the 2,081,537 USD that is used for asset backing CombiCoin.
Distribution
On our website and in our whitepaper we communicated the following distribution %.
TRIA Token
92% for investors
2% for Bounties
6% for founders, team and advisors
This resulted in the following distribution
255,425 TRIA for investors
5,552 TRIA for bounties
16,658 TRIA for founders, team and advisors
277,636 TRIA tokens in circulation
CombiCoin
94% for investors
6% for founders, team and advisors
This resulted in the following distribution.
226,154 COMBI for investors
14,435 COMBI for founders, team and advisors
240,589 COMBI tokens in circulation
Dividing all assets backing the CombiCoin with the total circulation of CombiCoins will result in the value of one CombiCoin. At this moment the value is around 8.74 USD.
Next steps
Listing CombiCoin & TRIA Token
TRIA and COMBI have not been listed on the exchanges yet. We hope to have some good news about this in the next few weeks.
Website update
We are working on an update for the Triaconta.com website.
Exchange software
The development of the exchange software is on track. When we have things we can show we will send a new update dedicated to the SW development.
Re-open sales of CombiCoin
We had a lot of requests from CombiCoin backers and people who found out about CombiCoin to late if they could still purchase CombiCoins. We are working on a solution to make this possible by the end of November, this solution will also benefit all TRIA token holders. When we have a clearer understanding what the possibilities are we will inform you with an update.
Referral & Bounty distribution
If you joined our referral and/or bounty campaign, you can expect to hear from us next week. We will inform everyone through e-mail how many TRIA tokens they can expect.
