Due to the latest regulatory trends, set by the SEC, which are also to be implemented in Singapore, where NeuroDAO Pte. Ltd. is registered, it is necessary to bypass the regulation of our tokens as a security. Our task is to classify NDAO as a non-profit token platform being used for discussing community proposals and voting in DAO format without direct reference to investment.
As always, the NeuroDAO Foundation has come up with a wise and balanced solution. We are issuing our revised smart contract that will designate for the NDAO token owners a 5% bonus in tokens off of the projects, supported by the NeuroDAO Foundation. In this regard, we are providing a full-fledged migration of previously and currently distributed NDAO tokens to the new smart contract.
In compliance with the above-described algorithm, your long-term possession of NDAO tokens becomes the principal advantage, as the number of projects supported by the NeuroDAO Foundation will increase progressively. This progression will be reflected in the constant flow of newsmakers, which will be competently used by our marketing team to ensure a continual increase in the price of the NDAO tokens.
The NDAO tokens are listed on exchange starting from late August 2017.
The initial value is set up with a minimum x10 multiplier. In order to ensure the growth of the NDAO token's value, the community intends to release monthly to the market not more than 1% of all the volume raised prior to and in ICO (via the smart contract algorithm). The main goal of the NeuroDAO community is to achieve the x100 growth factor by August 2018.Smart contract algorithm