Token distribution update.

Hi Follow Coin community,

We understand that there is some confusion about the Token Distribution. This originates from the following document: https://medium.com/@followcoin/tokensale-distribution-breakdown-7d40263ea58d

This article gives Follow Coin the following distribution:

Total amount of Follow Coin: 1.000.000.000(100%)

Public Token Sale: 490.000.000(49%)

Follow Coin lockup: 330.000.000(33%)

Platform maintenance: 180.000.000(18%)

This article also states the following: “Furthermore, to clarify the questions regarding the preliminary and private participants, this amount is not included in the public token sale portion, but in the 18% for platform maintenance. The public tokensale will be the full 49% allocation.” More on this later.

To begin with, Follow Coin sold 5.547.535 FLLW in the Public Token Sale. The unsold tokens were burned. Proof: https://medium.com/@followcoin/why-we-will-burn-48-of-the-total-follow-coin-supply-4071a8dada08

Because of this Follow Coin now has a Total Supply of 515.547.535 FLLW. 5.547.535 (Public Token Sale FLLW) + 330.000.000 (Follow Coin lockup) + 180.000.000 (Platform maintenance) Proof: https://etherscan.io/token/0xa25d01d15fc0e3cdede1bebee4124394aae0db33

The Public Token Sale FLLW has been distributed.

There are currently 330.000.000 FLLW held in lockup. The lockup will last 18 months and vesting will happen in 6 month increments with each period releasing ⅓ of the locked amount for distribution to the founders. Proof for that is inside this wallet: https://etherscan.io/token/0xa25d01d15fc0e3cdede1bebee4124394aae0db33, or can be seen under the Balances of the FLLW Token Contract: https://etherscan.io/token/0xa25d01d15fc0e3cdede1bebee4124394aae0db33#balances

Now the part where there is a lot of confusion about is the Platform Maintenance. The 180.000.000 FLLW. To clarify the questions regarding the preliminary and private participants, this amount is not included in the public token sale portion, but in the 18% for platform maintenance. So the 180.000.000 FLLW from the Platform Maintenance is allocated for Pre-ICO and Private Investors, who invested before the Public Token Sale. At the time of writing we have distributed 138.619.277 FLLW. Proof for this is inside this wallet: https://etherscan.io/token/0xa25d01d15fc0e3cdede1bebee4124394aae0db33?a=0x30d43da913ecceeb2a425208a816ea2916e26939. If you go to the last page you can see the input of 180.000.000 FLLW, and after that you can see FLLW being distributed. Follow Coin still has unclaimed Follow Coin from the Pre-ICO/Private Investors-phase, that’s why there is still 41.000.000 FLLW in this wallet.

I hope this clarifies everything for you, and if you have questions feel free to ask them!

Kind regards,

Team Follow Coin