Final ICO Hard Cap Announcement and Token Metric
After careful analysis of the current crypto market and intensive consultations with our community, investors, advisors and influencers, Tolar team has decided to make a final decision in our ICO hard cap.
The reason behind our decision is to secure the best possible conditions to boost Tolar project at the very beginning and to ensure fast scalability of the Tolar ecosystem.
The ICO hard cap for Tolar is 45,000 ETH (with the current ETH price it equals to around $20M USD). This means that everyone will be investing with the same conditions, regardless of the time of contribution. Please note, the soft cap is set for 20,000 ETH, which is already fulfilled.
ICO will start on September 15, 2018 (14:00 GMT) and will end on September 20, 2018 (14:00 GMT), or before if hard cap is reached.
Updated Token Economics:
- Token name: Tolar (TOL)
- Hard cap: 45,000 ETH
- Soft cap: 20,000 ETH
- Percentage sold: 35%
- Total supply of Tolars generated: 1,000,000,000
- Private sale bonus: 20%
- Pre-ICO bonus: 10%
- No lock on main tokens
- 3 months for bonus tokens
- 24 months for team token
Prices in ETH for presale:
- For contributions of more than 50 ETH price is 0,000120879 ETH per TOL (20% bonus included in price)
- For contributions between 10–49 ETH price is 0,000131868 ETH per TOL (10% bonus included in price)
- For contributions between 1–9 ETH — price is 0,000145055 ETH per TOL
How much TOL you get for 1 ETH in presale:
- If you contribute more than 50 ETH, for 1 ETH you will get 8,272.74 TOL
- For contributions between 10–49 ETH, for 1 ETH you will get 7,583.34 TOL
- For contributions between 1–9 ETH, for 1 ETH you will get 6,893.94 TOL
Token Allocation:
- 35% Investors (40% Private sale, 35% Presale and 25% Public ICO)
- 20% Founders
- 32% TOLAR Development Fund
- 8% Proof of Stake Network Start Nodes
- 2,5% Developers
- 2,5% Advisors
Funds distribution:
- 55% for carrying out operations
- 30% goes to the research and development team
- 10 % is allocated for the marketing campaigns
- 5% for conducting legal compliance
Gas price recommendation: Check current gas price on https://ethgasstation.info
A big thanks to our community and the overwhelming support we received so far!
Tolar Team
