It's definitely better to have your ID papers on one platform instead of having it all over the internet, it makes your personal and sensitive infos more secure. This is the kind of thing people want nowadays. Plus it saves you a lot of time.

XSL Labs will change things in a way that will make every person more comfortable with the using their data online, which will also help to make all this crypto world more friendly for the beginners.

 This is the kind of key projects to achieve mass adoption.

What was the price of the XSL lab token at the last time of sale? I assume that there will be several rounds. Since the bounty program will be running 6 months maximum, I hope the reward will be worth of it because it will be like long journey.

I'm sorry, I think there is a slight error. When I see in their bounty thread the token allocation for bounty is only 50 000 000, not like you say. Did you mean phase 2 is at 0.0003 usd? then for 6 month campaign I think it's little small, yeah just my 2 cent.

It is 50 000 000 allocated for the bounty indeed



There was a private sale (presale) to launch the project, to support the Cyber Security Team and for marketing purposes. The current phase is the first public sale phase and the token is $0.002, in the next phase it will be $0.003, and then it will be fover.



A maximum of 10 billion SYLs will be issued if the ICO is 100% complete. In this case, 30% of the offer (3 billion SYLs) will be sequestered and will be used to create the SDIs of the various users and to help the development of certain services (if they require SYL). This 30% will feed the ecosystem.
If the 10 billion is not sold then the 30% ratio remains but will apply to what will have been sold.
For example:
If 6 billion SYLs are sold then only 1.8 billion will be sequestered for the ecosystem.

If there are less than 10 billion SYL sold before the end of the ICO then the remaining unsold SYL will not be issued. This means a maximum of 10 billion SYL.

And probably less than that depending on the ICO.

1 billion for the presale

3 billion current phase

3 billion next phase

the rest for the development

But the part for the development will be a ratio of 30% of the offer sold + the remaining during the ICO, so there will be a maximum of 3 billion SYLs for the development.

If during the ICO only 50% is sold then the development will have 50% of 3 billion SYL

So, my confusion happened because BM said there will be 10b sold, while the stages shows only 7b sold. A simple misunderstanding from BM because there will be only 7b sold, divided into three token sale: presale with 1b, first phase ICO with 3b at 0.002, and second phase ICO with 3b at 0.003.

In total, there will be a maximum 7b sold (not 10b), which if all of them were fully sold, dev will generate 3b for development purpose, which will brings us to 10b maximum supply. We can say that if this project managed to sell their entire ICO allocation, DEV will generate small extra funds for development purpose. Otherwise, if the 7b is not sold (again, 7b, which the sum of pre+ico1+ico2, not 10b), they'll only generate 30% from the total amount sold.

If I may borrow CM's explanation, if 6 billion SYLs are sold then only 1.8 billion will be sequestered for the ecosystem.

Moving on from topic about token sale as it was cleared, now I'd like to know more about token allocation. Let's assume dev managed to sell all token during sale phases and got 3b development budget.

1. Just to be sure, bounty and other marketing activities will be paid from this allocation?

2. Dev said these funds will be escrowed. Do dev mean the fund were locked for certain duration and gradually released by the escrow, or was it simply means dev will put the funds on a third party wallet and they can ask for whatever amount they want, whenever they want?

To be sure, the amount is a gradual release, at specific number already allocated and made public? A good decision to use escrow, if I may share my opinion. It'll greatly boost confidence of the project against rugpull. I assume the escrow will use a dedicated wallet that the cash flow can also be monitored by public?

BTC just broke ATH !

Good things are coming for altcoins !