50% for crowdsale, how about the another 50%?
they hold it for airdrops over the nexst 5 yr,s ( or dump it all over time ) who knows
Available for purchase by the public during crowdsale, until sale end date or 3,000 BTC cap reached or 50m tokens sold, whichever happens first. Any remaining unsold gems will be sent to a verifiably unspendable address. After the pre-sale gems can be purchased through exchanges such as Bter, Melotic, Poloniex and Counterwallet.
2. Airdrop: 30,000,000 XGEMServed for daily airdrop distribution. Every day ~27,500 XGEMs are distributed directly or dropped into the users' wallets according to a fair and public algorithm. Users are rewarded based on their contribution of introducing other active users to the network. The formula includes the network value, and the number of active users. New users sign up for Gems and the person who invited them is noted by the network, increasing the inviters score accordingly. Contribution scores are calculated for every user in the network, and users with larger gems reservoirs will be rewarded more generously than users without gems.
3. Promotional Giveaway: 12,000,000 XGEMReserved for community contributions, third party developers, and bounties.
4. Development Team: 8,000,000 XGEMReserved for compensating developers. See Fund Allocation.
All of this + more is covered on Koinify's page for the Gems sale, which will be opened to the public on the 1st.
8% for developer!!! So the 3000btc isn't enough. Bye bye
Yes this is a bit ridiculous. Too much greed here. Anyone who puts money into this must be crazy.
:
The proceeds from the token sale will be primarily used for continuing the development of the network infrastructure, paying for servers, paying for bandwidth, the cloud hosting infrastructure and for the development of a set of mobile apps for all leading mobile platforms.
70% Developer Compensation and Ops
20% Marketing & Community Outreach
10% Legal Contingency Fund
ALSO:
8% of what? the-thing that they are Developing and Programming ? Yeah, I'm agree to give them more if they do their best to provide a high quality product!
50% pre-buyers
8% Developers
