There are several entities on our platform that are not easy to understand for a newcomer. This article is made to help users and solve this problem.
There is a hierarchy of special entities: round, cycle, milestone. It looks like that
Let’s pay more attention to each of them.
Round is an is an interval of time during which a possible token buyer can buy tokens. It can be private sale round or crowdsale, also there is an information of amount of tokens for sale, amount of bonuses, etc.
Take notice: there can be only one round active at the same time. If the whole amount needed is not collected, the project will still be operating. If the first milestone finishes while the round is active, the amount will be delivered to the remaining milestones.
Cycle is an entity that shows how much of the amount collected during the round will be spent on a group of milestones. For example a project collected $100000 and it has a cycle which shows 40%. That means that all the milestones in this cycle need $40000.
There can be several cycles but a project can take a break between them but not longer than for 6 months. Also if it is going to be more than one cycle in the project the percentage ratio of the first cycle cannot be higher than 50%. The project team can also publish only one cycle at the start and add the others later.
Milestone is an entity that usually shows the amount of resources needed and the goals that must be achieved during the short period of time.
At the start of the project there must be at least 1 cycle with 2 milestones. There must be at least a 3 days break between the finish of the previous milestone and the start of the new one. The first milestone cannot take more than 25% of the cycle amount. Milestone cannot be shorter than one week.
The whole scheme looks like that, showing the relations between the entities in practice.