What's Gonna Happen to 88% of AppCoin Token Supply?
Aptoide's AppCoins are going on an initial coin offering (ICO) on November 6th. The pre-sale are going for 30% discount; though it doesn't specify how much is the initial price. In the announcement, it says, "Only 12% of the token supply will be available for purchase." The question for me is, what happens to the 88% of the token supply that is not available? Do they belong to the developers of AppCoins?
Sat, 28 Oct 2017 23:27:45 -0700
Ok. I found the answer in the AppCoins Crowdsale PDF (see attached). On page 2, it states:
"Regarding the AppCoins ICO (chapter 7), 40% of all tokens generated will be offered in pre-sales (12% with 30% discount) and token sales (28%). The token value at the crowdsale will be of US$0.10, the soft cap US$2.5M and the hard cap will be US$28M. The remaining tokens will be distributed among the App Store Foundation (15%), bootstrap strategies for the key players in the apps economy (20%), Aptoide (15%) and the key contributors to AppCoins idea (10%)."
Sun, 29 Oct 2017 12:20:09 -0700
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Title: Converting AppCoins to BitCoins
Excerpt: Been reading the AppCoins Whitepaper (see attached). On page 13, it says, "Cash out: As mentioned before, the user is not able to cash out tokens. He has to use the AppCoin tokens for in-app purchases". Is that true? Aptoide is creating a new currency for in-app purchase, where you have to pay for t . . .
Tracked: Sun, 07 Jan 2018 22:02:14 -0800
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