More than 90% in devs hand, that's a lot even if you dont follow the cryptospace financial structure
This is like a standard IPO except the rules of distribution are slightly tweaked as this is a long duration IPO this gives plenty of time for investors to buy in so no one can complain about missing it if it has been available to buy not for 1 months but for over 8 months now and possibly even more than another 5+ months
It has been noted before , these coins are representations of tokens that will be converted at the time the economical aspect of tau-chain is implemented . Unsold coins will be destroyed if they are not sold
I see a problem there.
Obviously every coin is gonna be sold because we gonna live the next btc adoption during the next 5 months, and that means millions on new people coming to the cryptos.
the problem is that your "institutional" IPO (only 10k lots) will have a cheaper price than the market and some wealthy pockets will buy from you and sell in the market.
Let's imagine:
In one month:
500$ = 1btc --> 22cents$ = 0.00044btc = 440,000sat
1,000$ = 1btc --> 22cents$ = 0.00022btc = 220,000sat
5,000$ = 1btc --> 22cents$ = 0.0044btc = 44,000sat
10,000$ = 1btc-> 22cents$ = 0.0022btc = 22,000sat
As you can imagine if the price of btc goes up until 1,000$-10,000$, the price of AGRS will follow the uptrend path.
AGRS Free market price (up) vs "institutional IPO" (down)
If you agree with this situation I would like to reserve all the stake on sale. I'll pay it, once btc achieves 3,000$/btc
If you wanna fix it, I would lock the price of the pre-sale to btc not to $.