MAN is a good spec project, but any investor must know this before making the plunge:
How are MATRIX tokens distributed?
Among the 1,000,000,000 MAN Tokens, a total of 150,000,000 are to be sold in the initial Token Sale. The remaining 850,000,000 tokens are reserved for the following purposes.
(1) 100,000,000 are retained by the Foundation for founders, directors, advisors, early backers, management and community initiatives. These will be distributed in different phases after the initial ICO.
According to the development roadmap, a new and separate Matrix blockchain will be created and deployed before March 2019. After the launch of this new blockchain, the original 250,000,000 MAN tokens will be swapped on a one-to-one basis into new MAN tokens in the new blockchain. Afterwards, the Foundation will plan for additional issue of new tokens on the Matrix Blockchain as follows:
(2) 200,000,000 tokens will be issued for one or more subsequent sale(s) to the public on later dates as Additional Token Sale (“ATS”), the proceeds of which will be deployed on system scale up and production developments.
-This might get cancelled if they do not need the funding for the mining chip etc.
(3) 400,000,000 are reserved as rewards for miners who contributed to the Proof of Work consensus when a complete MATRIX blockchain has been developed and deployed.
(4) 150,000,000 are allocated to the Foundation as management and sales incentives, grants and scholarships to support R&D, administration, marketing, and community construction activities of the MATRIX Blockchain.
-slow release of these
So 250 mill until mainnet release, Another batch in another sale (most likely private investors) to cover production of mining chips, might not be all those 200 mill, most likely not.