Dev, you should put that link of the ESCROW address in OP so anyone that wants to track the escrow amount of funds can easily find it.
https://blockchain.info/address/3NQu6d9aAVvX5RHCSh51RxQzbC8FzBGqY27.68 BTC so far - how many of the 15 billion tokens is that now? And is there news if you will burn the unsold tokens from the 15 billion?
If we calculate it with an average price of $0.03 per token and $920 for 1 BTC, it's:
7.68 * 920 = $7065
7065/0.03 = 235,520 token sold.
That is in percentage:
100/15,000,000,000 * 235,520 = 0.0016% ---> of the total supply they've sold until now.
That's one reason why I called this "ridiculous".
Total "value" if they would sell just 1% of the supply: $4,500,000
And just btw, since there is nothing to find about the tech and the blockchain and the algo there is obviously also no specifics about inflation-rate etc. But let's say it would only be 1% of the total supply per year, it would be: 150,000,000
...while they have sold not even 240k until now!
******************
This is as crazy as Neucoin:
https://bt.irlbtc.com/view/944933.0Huge supply (but only 3bn) and huge inflation. I did the math in 2015 and said it would have zero chance and they called me "troll" and whatever. But it's abandoned and the most recent news is this:
"This market did not meet the volume requirements and is being evaluated for delisting on January 28th, 2017."It's still there:
https://www.bittrex.com/Market/Index?MarketName=BTC-NEUPrice is at 1 sat. Chart is this:
http://coinmarketcap.com/currencies/neucoin/They've done an ICO and got about $1 million at that time (about 4000 BTC).
Whenever I see something that is full with blabla and nice pictures, but nothing meaningful and nothing about the tech but proof that the guys behind didn't even do the math, there is zero doubt that things will go wrong.