Inchain ICO will commence on October 27, 2016 and end on November 24, 2016
The total tokens supply stands at 100 million.
15 million tokens are reserved for bounties and the development team in the following proportions:
- 1 million tokens will be distributed to early supporters. Please check additional details below.
- 5 million tokens are reserved for strategic partners and backers.
- 9 million tokens are withheld by the development team.
The remaining 85 million tokens will be distributed in the ICO procedure to participating users based on their contribution in the total amount of the funds raised. The sale procedure will be taking place at http://ico.inchain.io
There will be discounts for early participants based on the following schedule:
- First ICO week bonus. Users who invest in Inchain tokens in October, 27-November, 2 receive a bonus of 20%
- Users participating in the campaign during November, 3–9 receive 10% bonus.
- November, 10-16 receive a 5% bonus.
ICO ends on November, 24, GMT applies.
Once the ICO is over tokens can be withdrawn from the ICO platform.
DEVELOPMENT TIMELINE AND ICO TIMELINE
- The platform is to be released by the end of April, 2017.
- The crowdfunding tokens can be traded at centralized exchange partners directly after ICO ends.
After its launch they will be converted to corresponding Inchain balances.
BOUNTIES
Early supporters receive bounties for the following activities:
- 200,000 tokens reserved for following official Inchain account on Twitter
- 200,000 tokens reserved for joining official Inchain Facebook group
- 350,000 tokens reserved for translations and maintaining national Inchain threads
- 250,000 tokens reserved for signature campaign participants at Bitcointalk.
The token distribution to supporters will take place after the end of the ICO, the Inchain support team will be contacting all participants and arranging the bonus transfers.
SOURCE
The minimal fundraising goal is $1.75M. If the fundraising goal is not achieved the investments will be returned to investors adjusted to the escrow services (0.8%) and miner fees.
