We’re excited that you have decided to become a DA Power Play crowdsale supporter. With less than two weeks until the start of the first phase of the crowdsale, we would like to answer all the questions you still might have.
IMPORTANT: Digital Assets Power Play is a part of the platform Cofound.it, a proven leader in training companies to become serious blockchain businesses.
Our crowdsale will ONLY be accessible on a special contribution page supported by Cofound.it. We will publish the page a few days before the start of the crowdsale.
When the crowdsale begins do not trust any other URL links. For more on this, please read this guide on scams and fraud from Cofound.it’s support page: Don’t panic! How to avoid scams in crowdsales.
Crowdsale dates and limitations:
You can only participate in the DA Power Play crowdsale with the cryptocurrency, Ether! Our crowdfunding will be done in three phases:
Phase 1 — September 19: Limited pre-sale, starts at 5:00 PM CEST. This is only open to Cofound.it Priority Pass™ members. You need at least 5000 CFI tokens in your wallet at least four days before the pre-sale to become a Priority Pass member.
Phase 2 — September 20: Unlimited pre-sale, starts at 5:00 PM CEST. This is only open to Cofound.it Priority Pass™ members. You need at least 5000 CFI tokens in your wallet at least four days before the pre-sale to become a Priority Pass member.
Please note: If you want to be a part of our crowdsale during the pre-sale phases, you must be a Cofound.it Priority Pass™ member at least 4 days before September 19. In the case of our crowdsale, you have until Friday, September 15 at 5:00 PM CEST to get your Cofound.it Priority Pass™.
Phase 3 — September 21: Public crowdsale, starts at 5:00 PM CEST. Anyone can contribute to the crowdsale. You can ONLY use the cryptocurrency, Ether, to participate.
The crowdsale will end on Monday, September 25 or before this date, depending on if we reach our goal for collected contributions.
DA Power Play targets
The minimum target for the crowdsale is set to USD $2.1 million (10,500 Ether, as of 15.9.2017) at the exchange rate of $200 on 15.9.2017). The funds will be used for the development and deployment of the Digital Assets Power Play platform and marketplace.
The hard cap is set to USD $5.1 million ( 25,500 Ether, as of 15.9.2017). The added USD $3 million will be used for further development and liquidity of the platform and marketplace with our main mission being to create a self-sustaining ecosystem around the Digital Assets Power Play platform.
Digital Assets Power Play will issue a total of 100,000,000 DPP Tokens. DPP Tokens are an ERC20 token issued on the Ethereum network. During the crowdsale, a total of 25,000,000 DPP Tokens will be available.
The target price for DPP Tokens will pend on the set Ether price, ranging from US$ 0.10–0.15 per DPP Token. The price in Ether will be set a few days before the beginning of the pre-sale or if volatility continues on the exact day of the pre-sale on September 19.
The target price for DPP Tokens is set to US$ 0.20/DPP Token. The price in Ether will be set a few days before the beginning of the pre-sale on September 19.
In the event that the hard cap is not reached, DPP Tokens which are not allocated in the crowdsale will be burned.
You will receive DPP Tokens immediately after contributing to the crowdsale. The tokens will be sent to the wallet used to contribute in the crowdsale, which is why it’s important to use a wallet separated from crypto exchanges — wallets like MyEtherWallet, Parity, Mist, Jaxx or MetaMask.
Regardless of the total number of DPP Tokens, the token distribution will be as follow:
- 25% crowdsale
- 35% liquidity reserve
- 18 % founders of Krypto investment partners
- 8% DA Power Play employees
- 8% Cofound.it
- 4% DA Power Play advisors
- 2% bounty
Use of Proceeds
The funds raised through crowdfunding will be distributed as follows:
- 25% for development and scaling costs (Development)
- 43 % for future trading and investments (Operational Wallet)
- 32% for providing leverage and liquidity (Public Wallet)
Did We Forget Something?
Do not hesitate to contact us. Our team members are always available to answer your questions! Join our public channels on Slack or Telegram, follow us on Twitter, Facebook, and Instagram, and learn everything you need to know about Digital Assets Power Play on our Medium page and YouTube channel. You can also contact us directly by email at email@example.com.