ICO Alert Report: Othor

Othor
Othor
Dec 29, 2017 · 2 min read

What is Othor?

People in most countries of the world can’t buy cryptocurrencies using popular local payment methods for goods and services. Othor provide services in social network payments, investment, IPO, stock market, rewards, e-commerce, products, financial services. With the help of Othor, users will be able to quickly and easily convert cryptocurrencies into fiat currency, and vice versa.

Othor will provide individuals with a reliable and convenient platform to quickly buy or sell cryptocurrencies with the help of the most popular payment methods for the fiat currencies available in their country. Initially, two cryptocurrencies will be available for the exchange: Bitcoin and Ethereum, with the addition of Monero and other altcoins later.

With the help of Othor, any resident from any country in the world will have an opportunity to:

Buy cryptocurrencies for fiat currencies using their preferred local payment methods.

Take advantage of the guarantor services to protect the transactions and secure the trades.

— Steven Ferguson, CEO

Crowdsale Information
The Othor token (OTH) crowdsale will begin on January 1st, 2018 at 09:00 AM(UTC) and ends on March 1st, 2018. A total of 100,000,000 OTH tokens will be available during this period.

OTH tokens will be available for purchase $0.07 per OTH price and Ether and Bitcoin is the only accepted form of contribution. Purchased tokens will be distributed three days after the ICO or after full collection of funds for the project.

There will be a 3-day period at the beginning of the ICO where early contributions will be incentivized. Token bonuses are as follows:

  • Q1, (5 Days Token Sale) Pre-sale start from 1st January — 5th January, 2018, Supply — 1 Million OTH
  • Q1, Token Pre-sale will start on 6th January — 1st February 2018, Supply — 25 million OTH
  • Q2, Token Pre-sale will start on 3rd February — 20th February, 2018, 54 million OTH
  • Q3, Token Pre-sale will start on 23rd February-1st March 2018, Supply — 20 million OTH

Visit the Othor website for more information and for the contribution address when the crowdsale begins.

Token Distribution Information

There are a total of 200,000,000 OTH tokens being created, with 100,000,000 available to participants during the crowdsale. Tokens will be distributed to contributors within three days after the crowdale has completed. All unsold tokens will be burned.

Crowdsale : 50%
Reserve : 29%
Team : 17%
Bounty Rewards : 3%
Advisors and Partners : 1%

Budget Allocation

Team/Admin/Research : 57%
Marketing : 22%
Biz Dev/Board Advisor T&E : 13%
Contingency : 4%
Legal : 4%

Team

Steven Ferguson

Founder and Managing Director

Bill Wolfhard

CFO and Managing Director

Nicholas Hamilton

CTO, Head of Security & QA

Vitalik Buterin

Code Programmer of Othor and Ethereum

Javier Williams

Quality Assurance Team Lead

Jennifer Harris

Head of Support & Communications

Domhnall Bardem

Head of Law & Regulation

Vincent Ryder

Strategy Development Manager

Facebook: https://www.facebook.com/othor.org/
Twitter:​ https://twitter.com/othororg
Medium:https://medium.com/@othororg
Telegram:​ https://t.me/othorbank

Othor

Written by

Othor

Othor Project — The Crypto Bank https://www.othor.org

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