Token split and ccFound tokenomy changes explained
On August 11, 2022, we made the announced token split. Split was only for our ICO Investors.
For clarity, below we will paste a link to the spreadsheet with example split calculations (in Polish currently, soon to be translated). But first, the assumptions we followed.
In the community vote on tokenomy changes, we proposed to multiply ICO investors' tokens x5, but it turned out that this ratio does not take into account the airdrops that were given out to investors during the rounds.
After verification of all data, we determined that the multiplier 4.72226824809832 will correctly compensate for the differences between Private Sale and ICO Investors so that the difference in the average value of FOUND coins purchased is x2 between rounds.
When calculating the split, we also took into account airdrops from the ICO stage, tokens paid from Kanga / DEX and giveaways (but only for people who actually invested at the ICO or Private Sale stage).
We took into account many different situations. Among other things: coin withdrawals and re-payments, no investment in the giveaways received, investment at the Private Sale stage and at the ICO stage at the same time.
In the latter case, it was important for us to show the correct amount of airdrops per coin purchased in Private Sale and ICO, therefore we calculated that the average airdrop per token for an investment in Private Sale is 0.2888577975.
You can see examples in this spreadsheet: https://bit.ly/ccfoundsplit
- Example No. 1: investment only at the Private Sale stage, no giveaways, no Kanga / DEX payments; SPLIT = 0. Split did not apply to private sale investors, but ICOs. So far, private sale investors have been over-privileged and the aim has been to narrow the gap between them and ICO investors.
- Example No. 2: investment only in ICO, no giveaways, no Kanga / DEX payments; split includes: purchase in ICO + airdrops.
- Example No. 3: investment in both Private Sale and ICO, no giveaways, no Kanga / DEX payments; in such cases, we divided airdrops for purchase in Private Sale, and airdrops for purchase in ICO; split includes: purchase in ICO + airdrops from the ICO stage.
- Example No. 4: no investment in Private Sale and ICO, allocated giveaway; SPLIT = 0.
- Example No. 5: investment only at the Private Sale stage + assigned giveaway and possible airdrops from the assigned giveaway; the split includes: giveaway + airdrops from giveaway.
- Example No. 6: investment only in ICO + assigned giveaway and possible airdrops from the assigned giveaway; split includes: purchase in ICO + giveaway + all airdrops.
- Example No. 7: investment in both Private Sale and ICO + allocated giveaways; in such cases, we distributed airdrops for purchase in Private Sale, and airdrops for purchase in ICO and giveaways; the split includes: purchase in ICO + airdrops from the ICO stage (also those charged from giveaways).
- Example No. 8: purchase of coins only on Kanga / DEX (coins had to be deposited on the platform) + possible airdrop from this purchase; the split includes: purchase on Kanga / DEX + airdrops.
- Example # 9: investment in ICO only, funds were withdrawn in the amount of X and then deposited in the amount of X + any accrued airdrops; split includes purchase in ICO + payments from Kanga / DeXa + airdrops - withdrawals from the platform.
- Example No. 10: investment in ICO only, funds were withdrawn in the amount of X and then deposited in the amount of Y (X \ \ Y) + any accrued airdrops; split includes purchase in ICO + payments from Kanga / DeXa + airdrops - withdrawals from the platform.
In the last 3 examples, the split is calculated correctly based on the number of coins on the platform on the day of the split.
To sum up: you will see a split on your account if you invested at the ICO stage (through auctions on our platform; by buying tokens on Kanga; by buying on DEX), or you invested at the Private Sale stage and got a giveaway bonus.
The split will not be seen by people who have invested ONLY at the Private Sale stage, and people who have not invested in any of the stages, but received giveaways.
On August 11, 2022, we made the announced token split. Split was only for our ICO Investors.
For clarity, below we will paste a link to the spreadsheet with example split calculations (in Polish currently, soon to be translated). But first, the assumptions we followed.
In the community vote on tokenomy changes, we proposed to multiply ICO investors' tokens x5, but it turned out that this ratio does not take into account the airdrops that were given out to investors during the rounds.
After verification of all data, we determined that the multiplier 4.72226824809832 will correctly compensate for the differences between Private Sale and ICO Investors so that the difference in the average value of FOUND coins purchased is x2 between rounds.
When calculating the split, we also took into account airdrops from the ICO stage, tokens paid from Kanga / DEX and giveaways (but only for people who actually invested at the ICO or Private Sale stage).
We took into account many different situations. Among other things: coin withdrawals and re-payments, no investment in the giveaways received, investment at the Private Sale stage and at the ICO stage at the same time.
In the latter case, it was important for us to show the correct amount of airdrops per coin purchased in Private Sale and ICO, therefore we calculated that the average airdrop per token for an investment in Private Sale is 0.2888577975.
You can see examples in this spreadsheet: https://bit.ly/ccfoundsplit
- Example No. 1: investment only at the Private Sale stage, no giveaways, no Kanga / DEX payments; SPLIT = 0. Split did not apply to private sale investors, but ICOs. So far, private sale investors have been over-privileged and the aim has been to narrow the gap between them and ICO investors.
- Example No. 2: investment only in ICO, no giveaways, no Kanga / DEX payments; split includes: purchase in ICO + airdrops.
- Example No. 3: investment in both Private Sale and ICO, no giveaways, no Kanga / DEX payments; in such cases, we divided airdrops for purchase in Private Sale, and airdrops for purchase in ICO; split includes: purchase in ICO + airdrops from the ICO stage.
- Example No. 4: no investment in Private Sale and ICO, allocated giveaway; SPLIT = 0.
- Example No. 5: investment only at the Private Sale stage + assigned giveaway and possible airdrops from the assigned giveaway; the split includes: giveaway + airdrops from giveaway.
- Example No. 6: investment only in ICO + assigned giveaway and possible airdrops from the assigned giveaway; split includes: purchase in ICO + giveaway + all airdrops.
- Example No. 7: investment in both Private Sale and ICO + allocated giveaways; in such cases, we distributed airdrops for purchase in Private Sale, and airdrops for purchase in ICO and giveaways; the split includes: purchase in ICO + airdrops from the ICO stage (also those charged from giveaways).
- Example No. 8: purchase of coins only on Kanga / DEX (coins had to be deposited on the platform) + possible airdrop from this purchase; the split includes: purchase on Kanga / DEX + airdrops.
- Example # 9: investment in ICO only, funds were withdrawn in the amount of X and then deposited in the amount of X + any accrued airdrops; split includes purchase in ICO + payments from Kanga / DeXa + airdrops - withdrawals from the platform.
- Example No. 10: investment in ICO only, funds were withdrawn in the amount of X and then deposited in the amount of Y (X \ \ Y) + any accrued airdrops; split includes purchase in ICO + payments from Kanga / DeXa + airdrops - withdrawals from the platform.
In the last 3 examples, the split is calculated correctly based on the number of coins on the platform on the day of the split.
To sum up: you will see a split on your account if you invested at the ICO stage (through auctions on our platform; by buying tokens on Kanga; by buying on DEX), or you invested at the Private Sale stage and got a giveaway bonus.
The split will not be seen by people who have invested ONLY at the Private Sale stage, and people who have not invested in any of the stages, but received giveaways.
Translation by Piotr Michalak
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