Stock Value. The term “value” is defined as the value of SIA’s stock. Initial value is calculated as: Stock Value = total price of Tokens, purchased during initial Sale Event x 20. The initial value is determined in bitcoins, however, for the purpose of determination of the value increase, it will be converted to and carried in United States Dollars. The exchange rate used to determine the value in FIAT currency shall be the BitcoinAverage exchange rate as of May 18th, 23.59
Appears in 3 contracts
Sources: Token Sale Agreement, Token Sale Agreement, Token Sale Agreement