RadioYo Reaches New ICO Milestone
Wilmington, DE — March 5, 2018—RadioYo, a platform for people to live stream their own free online radio show or broadcast pre recorded podcast episodes, announced today the company reached a new ICO milestone when RadioYo’s Smart Contract went live on Mainnet, the public version of the Ethereum blockchain.
RadioYo’s ICO is officially open. People interested in participating can do so by visiting https://rao.radioyo.fm
RadioYo’s goal is $10,000,000. Once the $10,000,000 is reached the crowdsale ends.
Proceeds are going to promote free speech and independent journalism by building an open source blockchain-based broadcasting and service platform for podcasters, online broadcasters, independent media, and online publishers, and adding podcaster ownership information directly onto the blockchain. Currently, there are more than 1100 people registered on RadioYo and more than 400 shows have been created.
Whitelist — Yes
KYC — Yes
Token Sale Hard Cap — $10M
Pre Sale — No
Token Symbol — RAO
Token Type and Platform — ERC20
Total Token Supply — 100,000,000
Private Round Token Supply — 0
Crowdsale Token Supply — 33,000,000
Team Token Supply — 1,000,000
Token Percentage Sold to Public — 33 percent
Total Tokens in Circulation after ICO — 33 percent
Are Team Tokens Locked/Vested — Yes, nine months for senior management and six months for devs, consultants, etc.
Price per Token — .10¢
Accepts — ETH and BTC
Estimated Token Distribution and Unlock Date — Tokens will be delivered no later than 10 days after contribution and come unlocked.
Are Leftover Tokens Burned — Yes
“We are excited to bring our token to life,” said Steven Blinn, RadioYo’s founder. “Our team has worked really hard and taken concrete steps to make our crowdsale all inclusive and accessible to everyone.”
“For example, we’ve created 34 different tiers of tokens from 50 up to 250,000, made sure that no one can own more than one percent of tokens, turned away early investors wanting a lion’s share of RAO, excluded bounty hunters, and decided against holding a Pre Sale,” added Blinn. “We feel in the long run our approach emphasizes the important of organic growth and building and nurturing a strong community of RAO contributors.”
To live stream your own free radio show or broadcast pre recorded podcast episodes using RadioYo’s platform, visit https://radioyo.fm/
RadioYo is a platform for a new kind of conversation. Live streaming a show or podcast is easy, making it a success is hard, and earning income is hard, really hard. RadioYo helps people create and grow their show their way. RadioYo gets people on the air, helps them deliver their message, and is there for them every step of the way as they grow. Their success is our success.
Citizens and residents of the United States are prohibited from participating. The crowdsale of the RAO token is not the sale of a security. RadioYo will use the proceeds of the crowdsale to advance the purposes outlined in its whitetpaper. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. The information in this release does not constitute investment advice or an offer to sell or invest in securities. People who participate in RadioYo’s ICO should not have a reasonable expectation of any future profits or the RAO increasing in value based on RadioYo, Inc. creating an ecosystem and building out the company’s platform.