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RE: GNOSIS - Much awaited/debated ICO goes live today with reverse dutch auction.
Are they releasing the tokens gradually, lowering the price gradually, or both?
Are they releasing the tokens gradually, lowering the price gradually, or both?
The tokens sold to the public are released immediately once the auction closes.
Depending on how the auction goes, the team could end up with 30%, 40%, 50% ... of the total supply of coins,
in addition to the 10% of the coins set aside for the devs. All these coins have a lockout period of 1 year afaik.