Topic: (MODEX) Modex - Smart Contract Marketplace - Designed For Blockchain Development - page 36. (Read 36800 times)

Its slightly different as it is a token generating event ie tokens only get generated to the level of tokens taken by participants and then the 35% on top. This is different to having a total supply minted and then burning those not issued, but the end result is same. One of the key points is that no more tokens can be minted or generated after the initial generation event at close of ICO

Lets look at the whole section.

This is a token generating event.  We will issue up to 197,333,328 tokens during our initial token offer. Additional tokens will be generated at the end of the sale. A multiplier of 1.35 will be used. If the sale is fully successful this will create a max supply of 266,399,993 MDX Tokens. Those additional tokens will be allotted to our Team and Advisors to align our interests with those of the community, and held by the company as a token reserve. 23% of the additional tokens created will be held by the Team and Advisors. 77% of the additional tokens created will be held by the company in reserve.  Note these are percentages of the additional tokens created, based on the total number of tokens sold.

Example: If 100 million tokens are sold during the sale, 135 million would become the total supply of MDX Tokens. The additional l35 million created would be allotted as follows: 8,050,000 for the team and advisors.  26,950,000 held in reserve by the company.

There should be nothing to burn if the tokens are being generated.  I will double check for you to be sure.

i see on white paper
u will create up to 197,333,328  tokens

then i see this

Example: If 100 million tokens are sold during the sale, 135 million would become the total supply
of MDX Tokens. The additional 35 million created would be be allotted as follows: 8,050,000 for
the team and advisors. 26,950,000 held in reserve by the company

and how about unsold tokens
will be burned ?

Modex is now listed on:

https://tokenmarket.net/blockchain/ethereum/assets/modex/
https://thetokener.com/ico/modex

To clarify. South Korea banned ICO ran from within South Korea. All other ICO remain fine.

Korea just ban ico nd heres another hmm wish u well on this project

Polish ANN transaltion available here

Good luck!

Graham Thomas, Modex's Chief Strategy Officer, presenting the Modex Smart Contract Marketplace in Zurich

https://youtu.be/rDsw7aZap4A

”Modex’s smart contract marketplace will be the pipeline that brings mainstream smart contract apps to the world.”

icobench.com/ico/modex

Just to explain a bit more.

We have had a significant amount of interest since the announcement and many questions to clarify how the platform will work. We see the community as being key to the success and want to make sure that the participants know exactly what the product is and how we intend to roll out and the roadmap,

We really want as many as possible participants who are contributing and recieiving tokens to be people who share our idea and the benefits of such a marketplace for dev and buyers of dev services. We came to the conclusion that it would be better for the community if we had two more weeks to explain more, provide more info on the partnerships and relationship we have in place and enable the community to do as much due diligence and validations to aid their decision to contribute.

Due tio the nature of the marketplace it is essentlal for us to work with and for the community, we hope that this push back on timing  shows that we take our responsibility to work with and keep the community informed seriously and we want full transparancy. We believe we are developing something that can add a lot of value to dev, to buyers and the roll out of Blockchain and Crypto Alts globally.

We hope that the community takes this decision in the spirit it has been made, we want you to know more and answer as many questions as we get asked., thanks Paul

Disappointing, the first 12 days were part of the lock-up... By October 8th there would be sufficient demand.

Important, please read!

Modex ICO Boosts Development of the Smart Contract Marketplace Alpha Version and Moves Token Sale

https://blog.modex.tech/modex-ico-boosts-development-of-the-smart-contract-marketplace-alpha-version-and-moves-token-sale-d5a72b270286

Starting Bulgarian ANN Thread translation, really interesting project!

"Developers can leverage Modex to monetize their skills and offer Smart Contract solutions to end-customers and contributors."

Thank you, CryptoNinjas! -->>> https://www.cryptoninjas.net/2017/09/21/modex-marketplace-launching-connect-smart-contract-developers-applications/

There will be an announcement today about this subject.  It should appear on the website today as well.

I can not find anything on the website about presale. Where can I see the conditions of participation in it?

Seed round was @ 15 cent and Early Bird round was @ 20 cent

First round: company seed, and angel investors.

Second round: initial partners , suppliers, strategic partners, etc.

This refers to a governance failure.  "that is a disclaimer in the T and C, I.E. risk factor if governance fails then new tokens can be issued" "max supply if sold out is 266,399,993 MDX, No more will be minted or issued."

There were two stages of private sales, what was the price for private investors, and who bought those tokens? do you have a venture capitals partners?

But in your terms said
Please correct me if I'm wrong