FONDER TOKEN SALE
The symbol of FONDER Token is FON. During the token sale, the FON Token is implemented as ERC20 compatible token over the public Ethereum blockchain. It will be converted 1:1 to native FON token after the deployment of FON native blockchain around Oct 2019.
To finance FON (Fonder Open Network) roadmap and activities, Fonder is tentatively planning to launch a token crowd sale in Q4 2018.
In order to keep the total amount of FON issued closely in line with the market demand the total supply of Fonder token will be determined by how many token sold in pre-ICO. The number of token issued during pre-ICO makes up 5% of the total supply. The hard cap for the ICO will equal 3.2 times the number of token sold in pre-ICO equalling 16% of total token supply.
If market demand is shown to be very strong we may end the pre-sale early and potentially cancel the public ICO.
In case not all 16% of ICO tokens will be sold, the remainder will be distributed pro-rata to pre-ICO and ICO token holders i.e. it will mean that 21% of all token supply will shared among participants of pre-ICO and ICO.
Pre-ICO & ICO participants will be allocated 21% of all tokens issued.
The Founding Team will be allocated 28% of all tokens, which will be released over time as a motivational tool to align the interest with the value of tokens. (locked)
Future Use for Strategy Partners will take up 14% of tokens.(locked)
Company Reserves of 37% of all tokens will be reserved and locked for future use and ecosystem development. (locked)
The price of FON tokens will depend on the number of tokens issued during pre-ICO and ICO:
In order to keep the total amount of FON issued closely in line with the market demand the hardcap will be based on the amount FON issued during pre-ICO. The hard cap (how many tokens will be issued) will be determined by dividing the number of tokens issued during pre-ICO by 0.05.
16% of token issued will be allocated to ICO participants, the price of FON token at ICO will start from 0.12 EUR. There are also going to be soft-caps during ICO, so that the price of each token after each chunk of 250,000,000 FON will increase by 0.01 EUR.
In case not all 16% of ICO tokens will be sold, the remainder will be distributed pro-rata to pre-ICO and ICO token holders i.e. it will mean that 21% of all token supply will shared among participants of pre-ICO and ICO.
