Explore Coin’s Distribution
Explore Coin will have a total of 200 million coins, of which Explore will be selling 2 million coins pre-ICO, and then another 80 million during the ICO stage. The pre-ICO will be sold for thirty cents (USD) per coin. The ICO will be sold with the following prices:
0-10 Million will cost 50 cents
10-25 Million will cost 60 cents
25-40 Million will cost 70 cents
40-80 Million will cost 80 cents
The distribution of the ICO-raised funds, given the soft limit of $5 million is reached will be:
46% for development of TravlrFeed platform and market growth
18% for research and development
16% for legal team
10% to the original design team
5% as an incentive for advisers to the project
5% reserve fund for unpredicted expenses
After the ICO, if the hard cap is reached, the circulating supply will be 82,000,000 coins. The remaining 118,000,000 will be distributed as such:
50,000,000 tokens will be used to encourage the founding team of Explore Coin
18,000,000 tokens will be kept out of circulation for development and marketing. They will be used as incentive for partnerships and to gain talent.
25,000,000 tokens will be kept as a reward for reviewers
Unsold coins during the ICO sale will be moved to POS (proof of Stake) and the Reserve Fund. Based on the traction of the coin, the remaining 25,000,000 coins will be placed into circulation.
Explore Coin’s team is dedicated to the long-term success of the company. The founders and advisors are not legally allowed to sell more than 10% of their coin holdings for the first three years after the Explore Coin ICO. The remaining core members are not legally allowed to sell more than 25% of their coin holdings for the first three years. This will encourage the whole team to work hard to make the company successful.
For more information, check out our website and whitepaper at: https://explorecoin.io
Come join us in the future of travel!