The total number of LINA token created will be 900,000,000. 33.33% of all LINA tokens (300,000,000) will be available for sale to the public in the LINA Token Generation Event.66.67% of all LINA tokens (600,000,000) will be locked in Smart Contract to be released annually over 10 years (60,000,000 Token per year).
Correct me if I'm wrong with my understanding to this one guys, 300M token is the allocation budget to all bounty campaigns of the project, right? then 600M token will be locked in Smart contract. Why you need to lock this 600M token of lina? also how about if the 300M token allocation for the bounties will not be sold out? what will happen for the unsold token is it automatically be burn?
Obviously speaking, the 600M tokens will lock for the future used. It was stated in the whitepaper:
66.67% of LINA created during the Token Generation Event (600,000,000 Token) will be
locked in Smart Contract to be released annually over 10 years (60,000,000 Token per year).
The released Token will be distributed as follow:
15% to the Lina Foundation to keep the Lina Platform running.
15% will be reserved for future stakeholders.
35% to the Helpers.
35% to Large Token Holders (those in possession of > 1 million tokens)
Released time: January 15th each year, start from 2019 to 2029.The dev does not discuss what they will do to the excess token but I think it is like other ICO where the unsold tokens are burned.
Telegram is not available for lina and I guess it is important that the dev is updating the thread. He must answer a typical question like this.
