The FSN Token Sales will last 10 days starting from Feb. 1st, 2018 at 12:00 GMT and ending on Feb. 11th, 2018 at 12:00 GMT. The 20,480,000 FSN tokens will be distributed at the rate of 420 FSN per ETH for the first 24 hours and of 400 FSN per ETH for the rest of the period. A maximum of 51,200 ETH will be raised.
Please be aware that the minimum of ETH sent to the smart contract address is 0.1 ETH, which means that an amount of ETH less than 0.1 sent by any participant to the smart contract address will be returned to the original sent address.
The first 24 hours is the "early bird" period. A five percent of FSN bonus will be awarded to purchasers during the period.
In order to be fair and to maximize distribution, every ETH sent to the address of the token sale smart contract will be exchanged to FSN proportionally. The proportion will be decided by the final amount of ETH sent to the address of FSN token sale smart contract by the end of the token sale. This mechanism will enable every FUSION supporter to acquire FSN. They do not need to compete on internet speed or Ethereum gas with others to acquire the FSN tokens.
P = the proportion for every ETH that is used for exchange
X = the ETH sent in early bird period
Y = the ETH sent after early bird period
If 420X+400Y is less than 20,480,000, every ETH sent in will get 420 FSN for the early bird voluntary participants or 400 FSN for the other voluntary participants. The rest of the FSN that has not been exchanged will be distributed to all the selected participants and the voluntary participants according to their amount of FNS for free.
If 420X+400Y is equal to or more than 20,480,000, the proportion is calculated by the following formula:
The amount of FSN that the early bird voluntary participants will get:
The amount of ETH will be returned to the early bird voluntary participants is:
The amount of FSN that the other voluntary participants will get:
The amount of ETH will be returned to the other voluntary participants is:
As an example:
If 50000 ETH was raised in the early bird period and 50000 ETH was raised after the Eearly Bird period. P = 49.95122%.
Bob sent 100 ETH in the early bird period and Alice sent 100 ETH after the early bird period.
In the end, Bob will get 20979.5122 FSN and be returned 50.0488 ETH. Alice will get 19980.4878 and be returned 50.0488 ETH.