ICO Wrap Up Report
Hi everyone. This is an official message from the AMO team.
AMO’s ICO came to a successful end with the completion of the Crowd Sale on July 21st, 2018, 9:00am (UTC+9). Thank you to everyone who participated in the sales and showed interest in AMO during the process.
Today we are sharing with you the official ICO results, along with a brief mention about AMO’s plans for the future.
Results of the ICO
AMO ICO sales took place via AMO’s official website (amo.foundation).
ICO Specifications
- Total token supply : 20,000,000,000 AMO
- Tokens for sale during ICO: 8,000,000,000 AMO (including bonuses, 40% of total supply)
- Tokens sold : 7,679,012,762 AMO (approximately 96%)
- Unsold tokens : 320,987,238 AMO
- All tokens that were not sold during the ICO (320,987,238 AMO) will be burned upon listing on first official exchange
Lock-ups
- Select AMO tokens sold during the ICO are subject to lock-up periods
- Lock-up period : 6 months starting from July 21st, 2018
- Approximately 2,000,000,000 tokens under lock-up
- Tokens subject to lock-up
– Selected tokens distributed during Private Sale
– Selected bonus tokens
– Selected bounty tokens
– Reward tokens distributed to AMO Labs team members are subject to a 2-year lock-up (with a 6-month vesting period)
AMO Tokens Allocated to Bounty and Airdrop Activities
- Tokens used : approximately 22,000,000 AMO
- Use cases
– Reimbursement of gas fees misspent due to network issues during Pre-Sale
– Meetup events in Japan and Korea
– Promotional events held on Telegram, BitcoinTalk, KakaoTalk, Cobak, and Hojaebox; Pallet wallet events
AMO Token Holders
- Token holders : Around 6,800 individuals
- Distribution by nationality
– 57 countries
– Korea : 47.64%
– Other countries : 52.36% (Japan, USA, Canada, Singapore, Indonesia, Vietnam, India, the Philippines, and more)
– These estimates are based upon data provided in KYC applications. Figures may not precisely represent the nationalities of all AMO token holders.
Future Plans
Use of Tokens Held by AMO Labs
- Tokens allocated to AMO Labs : 12,000,000,000 AMO
- Use of proceeds
– R&D and Ecosystem Management : 4,800,000,000 AMO Coin (40%)
– Team & Advisor : 3,200,000,000 AMO Coin (26.7%)
– Marketing & Promotion : 2,000,000,000 AMO Coin (16.7%)
– Reserved : 2,000,000,000 AMO Coin (16.7%)
AMO’s initial circulating supply is estimated to be a maximum of 5,700,000,000 AMO.
The AMO team will focus on blockchain technology development and application, as well as constructing the AMO ecosystem. To keep fostering communication between the team and supporters, all important updates will be actively shared with the AMO community members via official social media channels.
AMO is a blockchain infrastructure for the efficient exchange and sharing of all car data powering the next generation of automobiles.
Do not forget to subscribe to our social media channels such as Homepage, Medium, Telegram, Facebook, Twitter, Linkedin, Youtube etc.
There you get the fastest access to all AMO related information!
