Ink — ICO Structure & Timeline

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Ink Token Offering

Ink will issue INK tokens based on the Qtum standard. The total supply of INK is one billion and INK is the essential medium employed to use applications and services in the Ink Ecosystem.

The Token Offering of Ink is 500 million INKs to investors, which is 50% of the total issued amount of INKs. The fundraising amount is 7500 (soft cap) –11000 (hard cap) bitcoins or any digital assets with equivalent market value. The Token Offering is composed of three phases: Private Offering Phase (over), Pre-offering Phase (about to start), Crowd Offering Phase(not started).

Pre-Offering Phase

To extend our gratitude to early supporters of Ink, especially for the fact that they have brought in industrial resources from all over the world, the Pre-offering Phase is open to the supporters using smart contracts of Qtum.

In this phase, the tokens will be offered at 85% of the token price of crowd offering in the early-bird phase. The exchange rates is 1QTUM=115 INK, a total pledge of 800,000 QTUM are expected for this phase.

Pre-sale will start on Oct 28 0:00(GMT+0).

How to participate in the pre-sale

1. Register on the official website — https://ink.plus
2. Complete Identity Verification
3. Pass our survey of qualified investor
4. Enter your personal address
5. Obtain the address for investing in INK
6. Please use the same address as entered on the Ink website to support the Ink project by transferring Qtum and participate in the token offering.

Crowd Offering Phase

Updated Information HERE

In this phase, all investors (except P.R.C and U.S nationals) will have access to the crowd offering so as to build a broad international community and a diverse portfolio of INK users.

Crowdsale will start 1 week from the beginning of the pre-sale.

Cryptocurrency accepted: BTC, ETH and Qtum

Prices for Crowd offering Phase: investors will have a declining discount as the crowd offering progresses:

Early-bird: 1 BTC = 35000
Week 1: 1 BTC = 34000
Week 2: 1 BTC = 32500
Week 3: 1 BTC = 31000

Please Note:

1. Oversubscription in crowd offering: when INK token offering raises more than 11,000 BTC equivalent of digital assets at market price, the participating channels for token offering will be closed immediately. But even when the channels are shut down, there is still a chance of oversubscription, leading to the crowd offering receiving more than 11,000 BTC. In such an event, the exceeding amount of fund will be returned to the investors within 15 days after the crowd offering. Please note that no interest will be paid in such case.
2. Crowdfunding failure: If the crowd offering does not hit 3500BTC, it will be considered a failed offering. In such case, the offering will be terminated immediately with the exceeding amount of fund returned to the investors within 15 days after the crowd offering Please note that no interest will be paid in such case.
3. US investors, as stated in legal regulations, have to be whitelisted (a whitelisted investor is someone whose annual income is above 200,000 USD, or someone whose spouse’s annual income is above 300,000 US dollars, or someone with net asset value of over 1 million USD) in order to be considered as “qualified investors”. Without being whitelisted and qualified, an American investor is not able to participate in the token offering.
4. Non-American investors, technically non-US investors do not require the same whitelisting procedure imposed on American investors. Nonetheless, because the American law is generally stricter. Our legal team requires non-American investors to adhere to provisions in accordance with the American laws.

Official website: https://ink.plus

White paper: https://ink.plus/statics/pdf/ink_whitepaper_en.pdf

Telegram global community:https://t.me/joinchat/GHiS0A7C841w1NbTNwIYIQ