Below you can find the final terms for the Zcrypt ICO. Please note that the terms explained in this blog posts are the only valid ones.
- When does the ICO takes place?
- Which crypto-currencies can be exchanged?
- How is the distribution?
- Which is the price/coin during ICO?
- Exchange security
- Where can I participate?
- What bonuses can I receive?
- Will my investment grow in value?
- Special reward for day 1 participants
- Will there be a refund?
- For what cause is the money?
When does the ICO takes place?
The ICO takes place on the 15th November 2016 and will end on the 15th December. Take note that an earlier sold out could occur.
Which crypto-currencies can be exchanged?
In Zcrypt ICO we can accept many currencies thanks to C-cex.com platofrom. Zcrypt ICO sell orders will be set in various market pairs. You can purchase ZXT with Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and Dogecoin (DOGE)). You can find which is the ICO coins distribution per market in the distribution details section below.
How is the distribution?
Zcrypt initial coins amount is set to 100 M (100 Millions). Such amount is partitioned as follow:
- 1,000,000 ZXT: Community Reserved Bouties
Early supporters who participate in our bounty campaign will receive a total of 1,000,000 ZXT. All participants get on a list and will receive the ZXT once the mainnet is launched. We will contact every supporter individually to make the bounties payouts.
- 11,000,000 ZXT: Private Investors Group
A funding group of anonymous investors purchased privately 11M ZXT to boost our start-up. They agreed on a “lock funds” agreement until 2018, so that they won’t move their own coins to be sold on exchanges before that date. The ZXT addresses where those coins will be stored are going to be published as soon as the main net is live and we transfer coins to them. Also they agreed to split the 11 M coins in lower staking wallets with a maximum of 250k ZXT each.
- 88,000,000 ZXT: Public ICO on Exchange
88 Millions coins will be placed on public ICO on https://c-cex.com/?lpm=btc&p=zxt-btc available for all the public Investors.
Which is the price/coin during ICO?
Price for each ZXT will be 250 satoshis (0.00000250 BTC per ZXT)
ZXT Distribution over market pairs
We accept many currencies to exchange for ZXT ICO.
Coins will be split as follow between many market pairs:
ZXT/BTC : 85M
ZXT/LTC : 1M
ZXT/ETH : 1M
ZXT/DOGE: 1M
If the altcoins markets will not have demand we’ll transfer all the ICO orders on BTC market pair only.
Exchange Security
You can invest safely in Zcrypt ICO thanks to C-cex.com platform ensuring the highest grade of security in cryptocurrencies exchange. https://c-cex.com/?lpm=btc&p=zxt-btc
Where can I participate?
You can participate in Zcrypt ICO at this link: https://c-cex.com/?lpm=btc&p=zxt-btc
Can i receive any bonus?
There will be 4 stages in which people can earn different bonuses for their exchanged BTC and accepted altcoins.
First week: 15% bonus
Second week: 10% bonus
Third week: 5% bonus
Fourth week: 0% bonus
Example scenario:
- 10 BTC were exchanged by 3 persons at a time (total 30 BTC)
- 0 LTC and 0 ETH were exchanged
- Person A exchanged in the first week
- Person B exchanged in the third week
- Person C exchanged in the fourth week
Thanks to the bonus the total amount of exchanged BTC is counted as 32 BTC (10*1,15+10*1,05+10*1).
- Person A receives (10*1,15)/32 = 0,359375 = 35,9375% of the ZXT
- Person B receives (10*1,05)/32 = 0,328125 = 32,8125% of the ZXT
- Person C receives (10*1)/32 = 0,3125 = 31,25% of the ZXT
Will my investment grow in value?
We cannot guarantee that your investment will result in profits in the future. However we dealt to find some smart solution to avoid value-loss on the market, which can happen for multiple reasons: miners dumping mined coins, investors cashing out their investment, FUD, hypes, trolls etc.
To do this we have decided to reward mostly our ICO investors offering only 1 Million coins to be actively Mined by miners during the PoW stage. This mean only 30k coins per day will be produced in the first month of mining while we head to PoZ netwrok switch. Inflation will be so controlled and Investors can stay safe from miners mass dumps.
Anyway we are confident that ZXT value will grow exponentialy over time, thanks to a deep and hard work from the core team and from the community itself!
Special reward for day 1 participants
In order to provide a higher incentive to participate in the ICO from day one, we will be taking 200,000 ZXT out of our own funds, and distributing them to all day one ICO participants according to their exchanged amounts. The extra reward will be given to users who use BTC or an altcoin accepted by C-cex market pairs within the first day of the ICO launch.
For example:
At day 1 if we collect 100 BTC from 3 users (A/B/C):
- If User A sends 20 BTC, he will receive 40,000 ZXT from the day 1 reward.
- If User B sends 30 BTC, he will receive 60,000 ZXT from the day 1 reward.
- If User C sends 50 BTC, he will receive 100,000 ZXT from the day 1 reward.
The reward will not be visible in the genesis block, as we will distribute the 200,000 ZXT manually out of our own accounts after the launch.
Will there be a refund?
No refunds are allowed. All purchases are final, please be sure to have done your due diligence before investing.
For what cause is the money?
The money will be used for the Zcrypt ecosystem over the next years. We will use it to pay all kinds of arising expenses.
E.g. promotions, advertisements, salaries, dev hiring cost, conference visits, sponsoring, network fundings, development, designs, contractors, infrastructure, necessary devices, meetings and more.
We will manage the funds with high diligence.
- Every date and time specification is in the UTC timezone.
- Every date includes the first and last day.
If you have questions please come to the Zcrypt Slack and ask them! If you encountered any problem please open a new ticket at our support center.
