we intend to conduct an ICO on Stellar. We want the number of coins to remain open during the ICO.
The price of 1 coin will increase every decade of distributed coins in the following way:
- 106 coins for $0.01
- 107 coins for $0.0125
- 108 coins for $0.015
- 109 coins for $0.0175
- and so on
The ICO is supposed to be time limited for a duration of about 3 months.
In order to accomplish this we start to issue 106 coins and create an offer on Stellar for all of these coins using a distribution account at $0.01. At the same time we want to use Bifrost to be able to receive BTC/ETH.
Once all 106 coins are sold we repeat the process using 107 coins at $0.0125 and so on.
Are there any issues doing it like this?
Are there any projects that did an ICO like this? If yes, were there any issues?