ArcBlock Token Sale Update

Krypital Group
ArcBlock
Published in
2 min readJan 30, 2018

1.According to the vote in Telegram group, we decided to lower the INDIVIDUAL CAP to allow more people to participate. The new INDIVIDUAL CAP is as followed:

ETH: 0.1–3 ETH

CMT: 200–7500 CMT

* The cap for ETH and CMT (Cybermiles Token) are separated, so your total individual cap will be 3 ETH + 7500 CMT. You can choose to contribute EITHER ETH or CMT, or you can contribute BOTH at the same time.

* Please DO NOT send over the individual cap. It will cause the failure of participation. Your ETH/CMT contribution will be returned with additional 20% PENALTY. The refund will be processed in 5 weeks after the token release.

2. According to the vote in Telegram group, we decided to raise the gas limit: Since every participant will have his/her one and only individual cold wallet address, you don’t have to worry much about gas war. The gas level suggestion is as followed:

ETH: Up to 60 gwei, 200k

CMT: Up to 60 gwei, 200k

* Since that we are raising ETH & CMT at the same time and that we have referral program, we decided not to use smart contract for compatibility consideration.

* Please DO NOT send over the gas limit. It will cause the failure of participation. Your ETH/CMT contribution will be returned with additional 20% PENALTY. The refund will be processed in 5 weeks after the token release.

Tips:

* Please DO NOT send ETH/CMT from exchanges, it may take much longer than expected and will cause the failure in token purchase.

* Please send from wallet like MEW, ImToken, etc.

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Krypital Group
ArcBlock

Founded in 2017, Krypital Group is a leading global venture capital firm and blockchain incubator. Our website: https://krypital.com/