DEO OFFERING: BLXS ASSET
Hey Blockscarter’s and the wider Crypto Community,
We wanted to bring you a further update on the plan ahead.
DEO means: Decentralised Exchange Offering. This is different to a ICO sale or TGE, this is where we place tokens on a Dex at a set trading price and people trade in for them so they can hold some BLXS.
Let us start from the top…
BLXS has a total amount of 100 million tokens.
It’s use case is as a reward incentive, payment token on our platform and we will help any vendor to accept it as a method of payment with the option to exchange to fiat currency (from Q3 2019).
We had an ERC20 Token called BLOC which we offered a token swap and the distribution procedure will see previous holders get 7.7 million BLXS distributed in the first week of January 2019.
Our Bounty and Rewards Campaign thats running is a maximum of 3 million BLXS that will also be distributed in January. Date is between 10th-20th. We need time to calculate the total bounty campaign stakes to send to each individual. This Bounty is currently running on Bitcointalk Forum.
Link: Bitcointalk Blockscart Bounty
TOKENOMIC’S OF BLXS AND THE DEO EXPLAINED
DEO Offering: 61.8 million @ $0.02 per BLXS, Max DEO raise: $1,236,000
This is 61.8% of the total BLXS.
Any remaining BLXS will be burned and the below tokenomic’s will be broken down as a percentage of the total remaining amount to give a better tokenomic’s model for the BLXS environment.
TEAM & ADVISOR LOCK: 20 million BLXS -Distributed from year 3 to year 8. That’s 5 years at 4 million BLXS each year disbursed in 12 monthly allocations of 333,333.3333 BLXS p/m. “Depending on market conditions, the team may extend this figure over a longer term but never decrease”.
This is 20% of the total BLXS.
TEAM & ADVISOR EMPLOYMENT USE: 7.5 million from month 6 of distribution to year 6 . Thats 66 months at disbursed in monthly allocations of 113,636.363636 BLXS p/m. “Depending on market conditions, the team may extend this figure over a longer term but will never decrease”.
This is 7.5% of the total BLXS.
If we raise over 30% of the DEO Offering cap, we will adjust the timeline to a minimum of 6 years and a maximum of 10 years distribution of team employment and team lock.
We will also decrease the percentages by a further 30%.
If you understand the tokenomic’s of a Cryptocurrency, you will see that we are taking steps to build a great community with the use of our token and exchanges can see transparency in the issuance of BLXS.
PUBLIC VIEW
We will be placing the remaining BLXS in different Waves Wallets and Nano ledger Wallet. Total distribution will be publicly available on the Waves Blockchain and the market cap figures for full token transparency.
DEO OFFERING DATE
The DEO Offering will start on the 16th November 2018 at 12 midday UK timezone. It will run till 30th December 2018.
61,800,000 BLXS (61.8 million) will be added to the Waves Decentral Exchange at a figure of $0.02 average in the following offering options of trade:
BTC, ETH, WAVES, MONERO, BCH and both USD & EURO token.
The split will be as follows:
WAVES: 33,500,000 | 33.5 million BLXS
ETH: 10,150,000 | 10.15 million BLXS
BTC: 10,150,000 | 10.15 million BLXS
BCH: 3,000,000 | 3million BLXS
MONERO: 3,000,000 | 3 million BLXS
USD TOKEN: 1,000,000 | 1 million BLXS
EURO TOKEN: 1,000,000 | 1 million BLXS
Total DEO Offering: 61,800,000 | 61.8 million BLXS @ $0.02 value trade.
Maximum of 61,800,000 x $0.02 = $1,236,000 |$1.236 million
This figure will fluctuate due to the price against the trade of the listed Cryptocurrencies.
We will be keeping 60% of the total traded balance in Cryptocurrency to continue further long term funding of the platform and the remaining 40% will be used for exchange listings, marketing, development and funding the cost of the platform, all paid in Cryptocurrency.
ALLOCATION OF FUNDS | IMPORTANT TO KNOW:
The funds will be used as follows:
15% Hire in-house developers and platform security team.
25% Marketing the platform and use case.
30% Exchange listings.
10% Salaries for the team to expand and continue the company (needed, teams need to survive, simple as that).
20% legal and licensing in Malta for FIAT payments to sellers (future goals).
We require a minimum of 20% DEO cap to continue Blockscart passed March 2019.
20% of the DEO cap is: $247,200 ; market fluctuations can change this.
WHAT HAPPENS TO THE REMAINING UNTRADED BLXS?
The remaining BLXS will be burned in stages and we will use 25% to fund bonuses for BLXS holders and to bring users to the platform. Depending on the figure traded during DEO, the rewards will different in 24hr rates.
AFTER DEO TOTAL SUPPLY AS FOLLOWS: BASED ON PERCENTAGE OF TOTAL REMAINING:
Our tokenomic’s have been studied quite carefully and we have taken much advice from many teams who have had very successful campaigns, including our advisors who are some of the most recognised experts in the Blockchain and crowdfunding industry.
Due to having no airdrop, we can add an additional supply of rewards from the bounty campaign for users to create a referral system for new users/sellers.
We cannot state that the BLXS will have a higher or lower value. It is simply a token offering via a Decentralised exchange to help us move forward.
THIS SHOULD NOT BE TREATED AS AN INVESTMENT!
BLOCKSCART PLATFORM
One thing to remember, Blockscart is a fully working P2P Global E-commerce platform and the use case has great potential for the Cryptocurrency Community. Video Below…
Disclaimer:
We are offering BLXS via DEO to help us raise funds to get more development and help us hire more staff, support, security, developers, marketing & advertising for Blockscart’s Platform
BLXS is not held to the company and does not offer any rights of ownership to any product that Blockscart develops. We do not promise a price or a return and a DEO offering does not grant any refund or exchange back. You are trading like you would any other Crypto asset. It is trading for an asset we created but will have no central authority over.
Blockscart team wishes to thank everyone for their patience, support, backing and we hope we can do this DEO very well to grow to be the E-commerce platform for Cryptocurrency the world has been waiting for.
If you have any questions, please speak to @blockscartsupport on telegram or send an email to: Support@blockscart.co.uk
We are also open to seed funding and backing from other companies for partnerships that can help us provide our E-commerce goals.
In the meantime, share to your hearts content and help us get the extra support we need. We cannot do it alone!
Want to accept BLXS with your company or E-commerce site? Send us an email and we will set it up for you.
Team Blockscart
Blockscart.eu: Whitepaper is on website.
Download our app: Android Store or for Apple, Search Blockscart.
Telegram: Click here
Twitter: Click here
INCASE YOU MISSED IT, A REAL WORLD CRYPTOCURRENCY USE CASE DEMO OF THE WORKING PLATFORM!
Thanks for watching. More videos to follow.
