Author

Topic: Who gets the money?? (Read 176 times)

legendary
Activity: 1624
Merit: 2481
July 10, 2018, 01:47:26 PM
#13
Ok, so you don’t list all the tokens in the exchange?
My concern is: if my ico reached its soft or hard cap and I’m ready to pay an exchange to list my token, why people would trust me while I’m holding most of the tokens? For example, i list 10% of the tokens in Poloniex, and i own 20% of this project, as per my whitepaper,, where is the 70% of the tokens staying at??

You (as a person) do not list anything at all.

If you pay an exchange to list your token, you are paying them to enable the possibility to buy/sell tokens on that exchange.
You can not list an X amount of tokens. You are just paying for the exchange to offer the service of trading your tokens.

The amount of tokens available to buy/sell on the exchange is determined by the amount of tokens which get deposited to the exchange (e.g. by 'investors').


newbie
Activity: 31
Merit: 0
July 10, 2018, 12:09:39 PM
#12
Yes, the escrow account or auditors companies are a good option to show the public that you’re ot a scammer..
hero member
Activity: 1260
Merit: 524
July 10, 2018, 12:02:50 PM
#11
When a ICO is introduced it gives full details about 100% of tokens like keeping 10% for developers 20% for bounty program and 70% for investors so it means that 10% will be in your wallet 20% will also be in your wallet but when the bounty program starts it will be distributed to bounty hunters. 70% will be sold to investors as per their purchase so in the last after ICO finishes you will have only 10% token in your wallet and you will also have investment coins like BTC,ETH which you get through selling 70% of your coins to the investors.

So now you are holding 10% of your token and 70% of the coins sold investment but this investment mostly be held in escrow which will distribute as such your project is finishing. because if you run away with investment then automatically your token value will become zero, like what happens to scam ICO.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
July 10, 2018, 11:45:36 AM
#10
Why the team devides the tokens into %, like: 20% for the team.. 80% for investors? Is it like the team memebers will be awarded this agreed tokens and will hold, like shares in the company?

Technically the proceeds from the ICO should go directly into the implementation of the project, whereas the team's share (20% or whatever) can have a different purpose, perhaps as an incentive to make sure the project succeeds. There are other token allocations being used as well - for bounties etc.

It's all quite pointless though unless some ironclad escrow is in place for those funds. As you've correctly noted the team controls everything anyway.
newbie
Activity: 31
Merit: 0
July 10, 2018, 11:36:05 AM
#9
Now it’s shockingly clear.
I thought when a team decides to have 20% of the tokens sale, i thought they don’t have any control over the other 80% of tokens, neither its equalivent amount..
But as you said, the team has the full control over the tokens, at least while the ICO.
That’s why the ico fraud % is extremely high Smiley
That leads me to another question:
Why the team devides the tokens into %, like: 20% for the team.. 80% for investors? Is it like the team memebers will be awarded this agreed tokens and will hold, like shares in the company?
newbie
Activity: 31
Merit: 0
July 10, 2018, 11:12:17 AM
#8
Thank you so much..  now it makes sense.
so if i sold 80% of the tokens to public through an ICO:
1- how can someone knows that I’m really holding my 20% and not selling them?
2- if I got the amount of the 80% token, let’s say they r equal to $80 millions, that means i have 20% tokens + $80m??
legendary
Activity: 3654
Merit: 8909
https://bpip.org
July 10, 2018, 11:03:42 AM
#7
Ok. So the 70% of the tokens are onhold in my wallet?? And i have the full control over it?
Why would the investors trust me? Is this safe to the investors? Am I missing something here??

The tokens should not be in your wallet. Someone pays you BTC or ETH - you send them the tokens.

Having said that, there are many shitty ways to run an ICO, and even if you issue the tokens properly there are still many shitty ways to screw your investors. You're literally taking an advance payment for something you may or may not deliver, and if you don't the token will be worthless anyway so the issue of who holds it when is moot.
sr. member
Activity: 882
Merit: 297
July 10, 2018, 10:47:23 AM
#6
I have a question for you all..
Let’s say I have an ICO. The total supply is 100m tokens.
20% is for our team, 80% is for investors.
If I asked an exchange to list my 100% of supply to public..and 100% of the tokens
were bought already..who gets that money??
Is it the Exchange ge or the team!!??

ICO means you are selling your tokens to the investors and they pay you and you give them your token so your tokens are sold, that means 80% which investors are holding are holding token and they have payed you for that in ICO so you are holding 80% sold token amount. In exchange you dont have to supply anything you just have to list your token so that investors and others can trade. Your job is finished after ICO token are sold, now your job is to fullfil the projects which are promised and develop it. What 20% you are holding will be your asset.

So now you got it how you got money and how investors got token and then they sell in market and en-cash their investment
newbie
Activity: 31
Merit: 0
July 10, 2018, 10:38:57 AM
#5
Ok. So the 70% of the tokens are onhold in my wallet?? And i have the full control over it?
Why would the investors trust me? Is this safe to the investors? Am I missing something here??
legendary
Activity: 3654
Merit: 8909
https://bpip.org
July 10, 2018, 10:27:38 AM
#4
Ok, so you don’t list all the tokens in the exchange?
My concern is: if my ico reached its soft or hard cap and I’m ready to pay an exchange to list my token, why people would trust me while I’m holding most of the tokens? For example, i list 10% of the tokens in Poloniex, and i own 20% of this project, as per my whitepaper,, where is the 70% of the tokens staying at??

If you've completed the ICO you have issued the tokens to the investors. They own the 70%. As bob said, this has nothing to do with the exchange. You deposit how much you want to the exchange. Your ICO investors deposit how much they want to the exchange. Generally you don't want to send tokens to the exchange unless you absolutely need to - it's unsafe.
newbie
Activity: 31
Merit: 0
July 10, 2018, 09:38:42 AM
#3
Ok, so you don’t list all the tokens in the exchange?
My concern is: if my ico reached its soft or hard cap and I’m ready to pay an exchange to list my token, why people would trust me while I’m holding most of the tokens? For example, i list 10% of the tokens in Poloniex, and i own 20% of this project, as per my whitepaper,, where is the 70% of the tokens staying at??
legendary
Activity: 1624
Merit: 2481
July 10, 2018, 09:19:16 AM
#2
If I asked an exchange to list my 100% of supply to public..and 100% of the tokens
were bought already..who gets that money??

I don't understand your question. Mind explaining it in detail (and maybe in a slightly better english) ?

You don't ask an exchange to list your '100% of supply'.
You ask them to list your token. It will be then available for trading on this exchange.

People have to deposit tokens onto the exchange for others to be able to buy some.

And about what kind of money are you talking about? You have to pay the exchange to list your token.
So the exchanges gets money from you, in this case..
newbie
Activity: 31
Merit: 0
July 10, 2018, 08:48:04 AM
#1
I have a question for you all..
Let’s say I have an ICO. The total supply is 100m tokens.
20% is for our team, 80% is for investors.
If I asked an exchange to list my 100% of supply to public..and 100% of the tokens
were bought already..who gets that money??
Is it the Exchange ge or the team!!??
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