Hi Kutuzuv44,
Not to spend them. But to get them.
When the team reached some requirementa, the participants vote to unfreeze the money.
So :
,but they will have to meet some requirements to get the money.
Not to spend them. But to get them.
When the team reached some requirementa, the participants vote to unfreeze the money.
So :
,but they will have to meet some requirements to get the money.
What kind of requirements are we talking about in this case?
Kutuzuv44
It's really up to the ICO participants, only contributers can decide about the funds distribution.
Founder need to convince TkVmin% of holders to unblock the money
TkVmin is defined at the ICO launch. We recommend at least 51%, 80% for strong projects
The bigger the TkVmin is, the more reassuring it is just like ICObench ratings
It's clear that people will avoid investing in 30% TkVmin value projects
for more information please refer to the WP
What would that TkV stand for?
Hi Inmytree
As said, TkVmin is the minimal vote required to let project holder unlock the periodic amount.
TkVote is the calculated vote and TxVmin is defined at the ICO start
if TkVote > TkVmin, the tokens are unlocked
The bigger the TkVmin is, the more reassuring it is
Please refer to WP [4.2] to learn more about the calculation of votes
Good day
Thank you for taking time to respond, will take a look, it should make more sense when I go through it.
But if there is more safe environments for investors, a bit higher amount of influence given to investors and more chance to make an impact as an investor it will certainly affect ICO's in general and make them work harder and do more due diligence and have more integrity to have a successful ICO.