ROX TOKEN MINTING AND DISTRIBUTION

Everything you need to know about Robotina’s Token Generation Event

On the 1st of May the Slovenian company Robotina, an expert for smart solutions in the field of electrical grid optimizations, will start their TGE — token generation event, as stated in their White paper (section 8.1). The TGE will start after they close the ROX Token sale on the 30th April, 2018. TGE is not to be confused or equated with the ICO process as a whole, for TGE is only a part of the ICO. In case of Robotina ICO, TGE is carried out after the token sale finishes. So, to clarify — all tokens sold will be generated in TGE as final part the ICO (1st May, 2018). Later issuances will be disabled in the smart contract for ever. Unsold tokens will not be created.

There is some additional information you need to know in regards to the ROX token distribution:

THE ROX TOKEN DISTRIBUTION:

After the successful ICO phase, ROX tokens will be distributed to the registered Ethereum addresses, according to the following Token Distribution Plan:

• 70 % among ICO supporters (Relative);

• 10 % among Team Members and Advisors (Relative);

• 7 % — Marketing and promotion (Relative);

• 5 % — Angel investors (Relative);

• 3 % — Bounty Fund (Fixed);

• 3 % — Market and product development (Relative);

• 2 % — Escrow (Relative).

ADDITIONAL ROX TOKEN GENERATION SPECIFICATIONS

There are some additional specifics you need to know about Robotina TGE. All the potentially unsold tokens reserved for the crowd sale won’t be created. That means that all ponders, apart from the Bounty Fund section of Token Distribution Plan, will be relative — depending on tokens that are actually going to be sold/unsold in the ICO phase. This means that the actual number of minted and distributed ROX tokens depends on the crowd sale success, which ends on 30th of April. Now, let’s take a closer look at two scenarios for minting and distribution, e. g.:

The first example is in case the capped sale is minted and distributed at 815 mio Rox tokens and all of the 570.5 mio ROX reserved for the Robotina crowd sale have been actually sold to the public.

The other scenario comes in play if there’s a relative amount of ROX tokens minted and available for distribution and they remain at a fixed supply once the Token Generation Event is implemented, regardless of circumstances.

In other words, there is a fixed ROX supply on Robotinas IoT marketplace platform which makes the process very transparent for all stakeholders on the platform. If stakeholders believe in the scarcity of ROX tokens and the velocity of the ROX token network, they will feel confident in holding the token.

The Robotina team is currently in the phase of asking all supporters to verify their given us ERC20 token compliant wallet address.

There it is, all the info you need to know on Robotinas TGE! If you have any questions, visit their Telegram — where the team and the advanced users in the community are happy to answer any questions you may have.