Conversation

Dovey "Rug The Fiat" Wan
@DoveyWan
Can anyone explain why the FTX token numbers didn't add up or my excel is not working for me? pic 1 - 50% of the total tokens are company tokens pic 2 - 60% of the total are non-company tokens pic 2 - 25% of the 60% (15%) are company tokens ??? (brainhurt.gif)
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SBF
@SBF_FTX
Replying to
@DoveyWan
"About three fifths of non-company tokens are unsold." I'm pretty sure the natural interpretation of that is that 60% of non-company tokens are unsold and 40% are sold; NOT that 60% of all tokens are company tokens.
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SBF
@SBF_FTX
Replying to
@SBF_FTX
and
@DoveyWan
I agree the phrasing is a bit confusing but I think the most natural interpretation--which is also the correct one--is that in addition to the original 50%, we also voluntarily locked up another 15% over 3 years as additional company tokens.
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JoΞ
@JozoJesko
Replying to
@DoveyWan
and
@SBF_Alameda
no, based on my mental calculation it is 7,5+50%. Why 7,5%? -> 60% of non-company tokens (50% total) unsold -> 30% total 25% of these are company tokens -> 7.5% total
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