eCoinomic.net Token Sale Details
Updated on April 23.
We are happy to announce that the first stage of our Token Sale has finished on April 21. We have raised $4.739 million or 78.9% of our Soft Cap.
The next stage — the Crowdsale Development Stage starts on May 1, 2018.
Let us make a sum-up of our Pre-Sale for those that are not familiar with it yet.
What is the structure of the Token Sale?
In eCoinomics, we decided to divide our Token Sale into three stages:
- Pre-sale Development stage: 03.04.2018–21.04.2018
- Crowdsale Development stage: 01.05.2018–01.06.2018
- Reserve sale stage: 01.06.2018–01.08.2018
During the Development stage we are gathering all the necessary funds for the development and launch of our project — all the associated expenses — including technical costs, marketing and legal support and other — are limited to USD 6 million.
The Development stage is divided into two parts — The Pre-Sale and the Crowdsale.
The Pre-sale is the stage which is open now and which is mostly dedicated to the early contributors — they can receive bonuses up to 25% depending on the amount of their contribution. Token price during this period is $0.05 for 1 CNC. During the Pre-Sale, only ETH contribution is accepted.
Bonuses available at the Pre-Sale development stage depend on the amount of contribution:
- Up to USD 49,999: 10%
- More than USD 50,000 — up to USD 99,999: 15%
- More than USD 100,000 — up to USD 149,999: 20%
- More than USD 150,000: 25%
In addition to the bonuses, Pre-Sale participants will be also granted with an early access to eCoinomic.net platform.
The Crowdsale stage will be launched only in the case that the soft cap of $6 million is not reached during the Pre-sale stage. Token price during this period is the same $0.05 for 1 CNC, but there are no bonuses.
Reserve sale stage will be launched on June 1st. This stage is dedicated mostly to the funding of our Reserve — thus the name. During this stage we aim to raise $100 million. No bonuses are available for the Reserve sale, and the Token Sale price of the token will be increasing with the progress of the sale — the more tokens are sold, the higher is the price of the token. The initial Token Sale price will start from $0.05 and will be rising by $0.01 after each 100 million of CNC is sold — so, the maximum token price during the Token Sale will be $0.12.
What is the Reserve and why we need it?
In eCoinomic.net we aim to bridge the gap between crypto and traditional finance. We believe that by doing this we not only receive the necessary amount of money to provide lending services (our first goal) but will also provide more liquidity for the cryptosphere. In order to attract the funds from the institutional investors and family offices, eCoinomic.net needs to provide the full coverage for them. This is why we need the Reserve.
The Reserve serves as the coverage for the funds that will be used for lending. At the beginning, we need to provide 100% coverage for the funds attracted from institutional investors and family offices. This means that for each $1 we can lend, we need $1 in the Reserve. The bigger is the reserve — the more funds we have to lend to our platform users.
Token Sale facts:
- Token name: CNC
- Token type: ERC20
- Token role: Utility
- Hard Cap: USD 106,000,000
- Soft Cap: USD 6,000,000
- Total Token supply: Up to 2,100,000,000
- Tokens available for the Token Sale: Up to 1,550,000,000
- Token Price: 1 CNC = 0.05 USD for the development stage;
1 CNC = 0.05 USD — 0.12 USD during the Reserve sale stage. - Accepted currencies on Token Sale: ETH, BTC, XRP, BCH, LTC, NEO, XMR, ZEC.
- KYC: necessary for all of the stages.
- Excluded countries: the USA and Singapore (except for the accredited investors) People’s Republic of China.
Join our Pre-Sale now! Register via our website: https://account.ecoinomic.net/
Join our telegram chat to learn more about eCoinomic.net.
