The purpose of this post is to answer some frequently asked questions and communicate our token distribution plan, which we anticipate will make Trackr more lucrative to both contributors and bounty hunters. We realize there there’s an imbalance of token distribution ratio between the various groups (contributors, team and bounty) due to the crowdsale not being fully sold out.Token Supply
A total of 65M tokens are available, of which 90% are reserved for the crowdsale, 5% for the team and bounty respectively. An additional 500K tokens were made available (outside the total available tokens) purely for the migration of presale tokens to crowdsale tokens, these are not counted in the calculation below. Excess crowdsale tokens are automatically burned when the crowdsale finalizes (this can not be prevented).
Given the above allocation breakdown, we have the following number of tokens:Crowdsale: 58,500,000 TKRTeam: 3,250,000 TKRBounty: 3,250,000 TKR
From the Bounty campaign the following allocation is available according to the rules specified in the bounty section:Signature (40%): 1,300,000 TKRBlog/Website (20%): 650,000 TKRTranslations (20%): 650,000 TKRFacebook (10%): 325,000 TKRTwitter (10%): 325,000 TKR
The key difference here being that the Blog/Website section may not have all its bounty tokens handed out due to one of the rules:
6. The maximum number of tokens in this section is capped to (points / 2) * 350, meaning if you have a total of 300 points then you’re eligible to a maximum of 52500 tokens. Actual number of tokens you receive varies by the amount of interest (more interest is less tokens, less interest is more tokens).
This effectively means that if only one person is accepted and has 100 points allocated, then they would only get a maximum of (100/2)*350 = 17,500 TKR tokens.
This rule is in place because it was anticipated at the start of the bounty that this section would receive the least amount of signups that follow the rules, so we wanted to prevent a few people holding a very large sum of TKR tokens.
This rule only applies to Blog/Website (and has been effective since launch of the bounty campaign). The current allocation for the Blog/Website campaign is as follows:
There a total of 17 unique users in the blog campaign that have been accepted as of today, the current breakdown is as follows:
15 users with 10 points = 1,750 TKR (17,500 TKR total) 1 user with 20 points = 3,500 TKR (3,500 TKR Total) 1 user with 120 points = 21,000 TKR (21,000 TKR Total)
Our total allocation as of this writing for this campaign is 42,000 TKR out of 650,000 TKR, which means that ~600,000 TKR tokens are unallocated.Current Proposal
Currently a little over 3,250,000 TKR tokens have been sold to contributors to the Trackr project, this is roughly the same amount as the team and the bounty. At this time it gives roughly a 33%/33%/33% split between the contributors, bounty and the team.
Our current proposal is:We will re-allocate 2,750,000 TKR tokens of our existing team budget to all contributors, proportional to the amount they contributed.Unallocated tokens from the blog section are added to this pool, which at this point is 600,000 TKR (actual amount will be calculated after the ICO concludes)
Now the distribution ratio looks as follows:Contributors: 3,250,000 + 2,750,000 + 600,000= 68>#/li###Bounty: 3,250,000–600,00 = 27>#/li###Team: 500,000 = 5>#/li###
This is more favourable to contributors as their total portion higher. This allocation will take effect prior to any exchange going live but after the ICO and bounty concludes on the 15th (as that is when we can work on the exact distribution).Airdrops
TKR holders (no matter if they’re contributors or bounty hunters) will receive airdrops from a portion of the TKR generation by the subscription/trading/advertising platform when it is live. The following criteria apply:The amount of TKR your receive from the Airdrop is proportional to the amount you holdYou MUST hold at minimum 2500 TKR in your wallet DURING and BEFORE the first 48 hours after the first exchange has gone live. This essentially means that if you’ve traded all your tokens away when the exchange is live then you are no longer eligible for TKR airdropped tokens ever (even if you buy them back at the end of the 48 hours). We will be confirming TKR tokens by address for each block in those 48 hours.Airdrops timings are not announced to prevent trading tokens for the purpose of airdrops. Bounty TKR allocation
Once the ICO concludes on the 15th of September, we will close and lock all existing spreadsheets for bounties. During the following 2–4 days we will compose a single spreadsheet with every unique user and their total amount of TKR allocation (indicating which section contributed how many points).
The spreadsheet will also go through de-duplication (meaning only the entry with the highest points are taken into consideration for duplicate users/wallet addresses, per bounty campaign). Once the sheet is ready the following process will apply to receive your TKR tokens:A user wanting their bonus tokens has to confirm that their wallet address is correct and that their TKR token allocations looks fine. Once the user has done so via a PM on the BitcoinTalk forums (from the same username they used in the bounty campaign), they will then receive their bounty (these will be sent every day / two days at a specified time in a batch).Please note that any user that has not confirmed their tokens within one month’s time from the spreadsheet being finalised will automatically forfeit their tokens, this is done to ensure that tokens don’t end up in the wrong wallet addresses, hacked users or simply non-existent/inactive users (as the tokens would essentially end up nowhere).
All unclaimed tokens after one month from the bounty campaign will be rewarded to contributors, effectively increasing their ratio even higher.
We hope to reach a 85% contributors/10% bounty/5% team split in terms of TKR ratio after roughly one month as we do not anticipate all bounty hunters claiming.
Moreover, we are confident that more contributions will increase the ratio from now until the end of the ICO, thus the actual ratio will be higher for contributors than mentioned before.Concluding Remarks
There’s a lot of information to digest, we hope to make it lucrative for both contributors and bounty hunters (through airdrops) to retain their tokens. We’re also confident that in the last few remaining days the contributor token ratio will increase as we have almost tenfold advertisement running during this period.
Remember that our ICO is still going strong until the 15th of September 12 PM GMT. You can visit our website at https://www.trackr.im if you’re interested in contributing or want to learn more about the project.
— With ❤ the Trackr Team!