Announcing Taraxa’s Public Sale!
For the most recent information, please check our Public Sale Site.
Disclaimer: The offer and sale of the Tokens is not being made within the United States or to any U.S. persons (as defined under U.S. federal securities laws). You will be required to provide documentation and verify your eligibility in order to participate.
Why conduct a public sale?
After initial investments in 2018 led by Fenbushi Capital, the Taraxa Foundation has successfully launched a stable test network and multiple market-tested application platforms on top. In preparation for our mainnet launch, we want to use the public sale to kick off token distribution into the community.
TLDR;
- Latest info: token.taraxa.io
- Token ticker: TARA
- Pre-registration starts: March 4, 2021 at 6PM PST
- Public sale begins: March 11, 2021 at 6PM PST
- Public sale ends: March 15, 2021 at 6PM PST
- Initial circulating token supply: ~2.4% of the total token supply
- Sale options: $0.008 / six quarter lockup, $0.01 / four quarter lockup, $0.012 / no lockup
- Minimum check size: $1000
- Currencies accepted: ETH, USDT-ERC20
- Eligibility: Non US-person only, KYC required
Timeline
- Pre-registration starts: March 4, 2021 at 6PM PST
- Public sale begins: March 11, 2021 at 6PM PST
- Public sale ends: March 15, 2021 at 6PM PST
Sale Options
- Public Sale Option A: This option allows participants to purchase tokens at $0.008/token. 10% of the purchase is immediately unlocked at listing (TGE), with the remainder unlocked quarterly for the remaining 6 quarters. The maximum check size is $250K USD equivalent.
- Public Sale Option B: This option allows participants to purchase tokens at $0.01/token. 10% of the purchase is immediately unlocked at listing (TGE), with the remainder unlocked quarterly for the remaining 4 quarters. The maximum check size is $50K USD equivalent.
- Public Sale Option C: This option allows participants to purchase tokens at $0.012/token. 100% of the purchase is immediately unlocked at listing (TGE) with no locking. The maximum check size is $1K USD equivalent.
Minimum check size across all options is $1K USD to ensure that the costs of handling each sale is fully covered. All options will be offered simultaneously, and participants can purchase any combination of the options. Any unsold tokens from the public sale will be absorbed into the Community & Ecosystem allocation.
Distribution
- Seed and Private rounds took place in 2018.
- Public Sale will begin soon, the proceeds of which will go to fund the ongoing technology development, business development, as well as token listing in the short-term.
- Taraxa’s team members committed to the long-term success of the network and will hold their token allocations for an extended period.
- The Taraxa Foundation intends to keep a certain number of tokens indefinitely (not to be sold) to help bootstrap and continue to participate in the decentralized network’s operations.
- Community & Ecosystem funds are used to ensure the ongoing health and sustainability of the Taraxa ecosystem, including funding for development grants, bug bounties, driving application adoption, and raising awareness in the medium to long-term.
Unlock Schedule
The Taraxa team’s tokens will not be unlocked until every token from our community of investor / supporters have unlocked. Just like our community, we are committed to the long-term success of the project and its vision.
Given this unlocking schedule, circulating supply at TGE will be ~2.4% of the total token supply.
