Confused on pricing...
Will all tokens over the course of the year be sold at the same price - or how will it work, if tokens can also be sold on the exchanges while the initial billion are being distributed through the contract?
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each day has its own price based on ratio of contributions to tokens distributed.
so essentially:
DAY 1 = (USD dollar value contributed per day)/(200,000,000)
DAYS 2-365 = (USD dollar value contributed per day)/(2,222,222.2222)
?
yes... except DAY1 is "5 days long".
Ah yes. Thanks for the reminder/clarification.
Thank you for making this clearer. I had understood the basis but hadn't totally understood the bidding process in the way Rok has put it. It's very brilliant.
i understood the tokens would be split proportonally so price gets determined kinda like in an auction.
Daily for 5+360 days.