Hello everyone! Today I’ll tell more about the upcoming Bazista tokensale events.
First of all, Bazista token (which we call Bazi) is fully ERC223 compliant and will be available for purchase with BTC and ETH. Ticker token: BZS. Exchange rate: 1 ETH = 11 000 BZS
Base token price upon the launch of the crowdsale will be set to appr. $0.03. ETH/USD and BTC/USD exchange rate will be locked based on November 16 (Pre-ICO) and December 2017 (ICO start) market exchange rate and will be valid for the entire time of the crowd sale/pre-ICO.
Total number of generated BZS tokens: 440 000 000
· 73% of tokens (321 200 000) will be sold in the ICO to secure funds for further product development, operations and international expansion.
· 15% of tokens (66 000 000) will be held by project founders and the rest of the team that helped to bring the project to life with their hard work and dedication
· 4% of tokens (17 600 000) will be reserved for advertising campaign inside the platform.
· 3% of tokens (13 200 000) will be sold in the Pre-ICO
· 3% of tokens (13 200 00) for Advisors
· 2% of tokens (8 800 000) will intended for the initial stocking of the bounty pool
This stage will start on November 16th at 12:00 (+3 UTC) and will last till the 21.11.17 at 12:00:00 (+3 UTC), making 5 days in total. Bazista will offer 45% bonuses reserved for pre-ICO. BZS Tokens that won’t be sold during the pre-ICO round will be added to the larger amount offered during the main round of crowdsale.
We are against uncapped ICOs, because we believe the company should raise the amount of money it needs to implement their solution. Furthermore, uncapped ICOs turned out to be harmful for the tokenized economy, often driven by greed and taken advantage of the hype. So, our minimal cap is $1,3 m (approximately 3 800 ETH) and hard cap is $9,9 m. (approximately 29 200 ETH).
In case the ICO does not reach the minimal amount, all raised money will be returned to investors. In case the ICO does not reach enough amount for wide international expansion none of the development or marketing activities will be completely omitted, but the dynamics of their execution might change.
Unsold tokens will be transferred into the marketing budget. Tokens will be locked into a smart contract and become accessible after half year, when the global marketing campaign will begin.
Launch of the main stage of the ICO is set for the December of 2017. We’re still discussing the exact date of the event, but we will keep you up to date, just make sure to join one of our communities across Internet.
Early contributors will be rewarded with a discount. The discount rate will drop with every week, starting at 30% and ending with 0% on the last days of the ICO.
30% — Day 1–3
20% — Day 4–11
15% — Day 12–17
10% — Day 18–23
5% — Day 24–28
0% — Day 29
Funds raised during ICO campaign will be distributed in a manner as follows:
35% of funds collected will be spent on developing the platform
55% will cover marketing budget
10% will cover administrative expenses, legal support expenses, etc.
Stay tuned and don’t mis that crowdsale!