ArcBlock Token Sale Update

Krypital Group
ArcBlock
Published in
2 min readJan 30, 2018

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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/