This article is a compilation of information from the team of the project.
ICO results
As we wrote in previous articles, the ICO was successfully closed.
ICO raised 2,261,536 USD. After deducting the costs as mentioned in the whitepaper for development and starting of the operations, 2,081,537 USD was invested in the assets backing CombiCoin.
Cost overview
To cover the starting costs and software development the following amounts have been reserved:
- Starting costs: 40,000 USD
- Development costs: 140,000 USD
This resulted in the 2,081,537 USD that is used for asset backing CombiCoin.
Token distribution
TRIA Token:
- 92% for investors
- 2% for Bounties
- 6% for founders, team and advisors
This resulted in the following distribution
- 255,425 TRIA for investors
- 5,552 TRIA for bounties
- 16,658 TRIA for founders, team and advisors
- 277,636 TRIA tokens in circulation
CombiCoin
- 94% for investors
- 6% for founders, team and advisors
This resulted in the following distribution.
- 226,154 COMBI for investors
- 14,435 COMBI for founders, team and advisors
- 240,589 COMBI tokens in circulation
Construction of CombiCoin
You can find a graph with the near realtime value of all assets backing CombiCoin and the value of 1 CombiCoin on triaconta.com. The data is updated every 5 minutes and uses the price information from coinmarketcap.com.
Listing CombiCoin & TRIA Token
TRIA and COMBI have not been listed on the exchanges yet. Some good news are expected in the next few weeks.
Exchange software
The development team already started working on the smart trading software. In all coming updates they will keep us informed about the development.
Re-open sales of CombiCoin
There were a lot of requests from CombiCoin backers and people who found out about CombiCoin too late if they could still purchase CombiCoins. The team is working on a solution to make this possible by the end of November, this solution will also benefit all TRIA token holders. When the team have a clearer understanding what the possibilities are they will inform us with an update.
Forks & Staking and other ways of generating income with the assets
All income generated through staking, voting etc will be added to the assets backing CombiCoin.
Eg, with QTUM we receive QTUM tokens on a daily basis, this will be stored together with the other QTUM tokens. With NEO we receive GAS tokens, these aren’t in the top 30 so it will be held until the rebalancing procedure. Then it will be sold to buy more assets.
The same procedure will be used for FORKS, so bitcoin GOLD will be sold during the rebalancing and the proceeds received will be used for buying more assets.
