Looks like a nice project, I just don't understand the phase 1 and 2 part.
In phase 1 there are 2M MNC reserved and only 150K for phase 2. The 2M are reserved for subscribers. What does that mean? How much did they fund in BTC? I think that will be quite crucial to know as this will determine the price setting right?
Thank you.
Subscription company (many call this stage PRE-ICO) on coins was held from September to December 2016. In fact, pre-ICO is a round of seed investment.
At this stage, we attracted, at the rate on the day of attraction, approximately $ 800,000. Among our angel investors, the bulk of off-line investors. On-line investors who participated in the first round have comprehensive information on the results of the "Subscription" stage. Yes, indeed, the total volume of coins sold at the first stage amounted to 2 million coins. The total volume of the pre-mill is 5 500 000, of which 1 500 000 go to the Minexbank reserves and will be used to pay interest on the parking operations.
Thanks for the reply, am I then correct when saying:
In phase 1 for each dollar invested you will get 2.5 MCN (2.000.000/800.000)
In phase 2 for each dollar invested you will get 0.88 MCN (150.000/170.000*) *84 BTC x $2.000, and this 0.88 will continue to decrease as more investers are joining in
I am trying to understand as I'm totally new to ICO
Investors who participated in the first round of investments, depending on the time of entry into the project, received the MNC at a price of 0.00066 to 0.001434 BTC / MNC as well as in the second stage there were bonuses to early participants. If you count in dollars, then the average selling price of 2,000,000 coins was $ 0.4 / MNC.
The results of the second stage have not yet been determined, since we have just crossed the equator. But for today it is already possible to say that the price of MNC at the beginning of trading on the exchange will be above 0.001 BTC / MNC. The price that will be formed based on the results of the second round of investments will be determined as the initial target for Minexbank. In order to keep this price and equalize the balance of supply and demand in the market, Minexbank will by stimulating the freezing of funds by coin holders in their purses, paying dividends for the use of "parking" coins.
For today, the absolute fact is that the MSC has already reached the price of $ 1.97 / MNC. And there are still more than 14 days left until the end of ICO.
