AZ Fundchain the first IEO on Stex Exchange.
The first ever initial exchange offering on STEX.com will be AZFundChain.
Dear AZ FundChain community and followers,
We want to announce that we are going to stop our sale on our website and completely move our sale process to the first ever Initial Exchange Offering on STEX.com. This decision has not been taken lightly and a lot of internal discussions have happened. The main reason for this decision is that we want to proceed with the project never the less as our mobile application is almost ready for public release. Make sure you check our previous post for a sneak peek into our application. Thus we wanted to follow the market trend and have decided to be the first ever IEO on STEX.com, which is one of the most trusted and legit exchanges in the field.
We also have lowered our soft caps and hard caps once again to align ourselves with the market conditions. Although our go-to-market strategies are less comprehensive, we believe we will have enough funding to go for at least 2 years with updated caps. We also value our potential investors and want them to have the best possible exit chance. Lowering the hard cap will also lower the initial market cap which potentially creates a better chance for our investors to exit at a price appreciation.
The first ever initial exchange offering on STEX.com will be AZ FundChain. The offering will start by the mid of May 2019 and will last for a week. Right after the sale, AZT will be trading on STEX. All of the previously purchased tokens will be returned back to investors because of the changes in price and token allocations.
Here are the updated sale details:
Public Sale: 2 500 000 AZT tokens — Tokens allocated to this portion will be sold through STEX Exchange.
Referral Program/Bounty: 160 000 AZT tokens — Tokens allocated to this portion will be given away through the 10% referral and independent bounty program. Tokens that are not used or consumed within this portion will return to FundChain team.
The Stability Fund: 27 200 000 AZT tokens — Tokens allocated to this portion will be locked tokens in a smart contact. The stability fund will always buyback AZ tokens through a buyback program each month to keep it supplies steady at 27.2 million tokens.
Partners and Advisors: 40 000 AZT tokens — Tokens allocated to this portion will be given to advisors and partners. These tokens will be locked for 1 year.
FundChain Team: 100 000 AZT tokens — Tokens allocated to this portion will be shared by FundChain team. Half of the tokens will be locked for 1 year and the other half will be locked for another year.
Public Sale: 2 500 000 AZT tokens at $0.60 USD each.
Hard cap: $1,500,000 USD
All the relative info will be updated on our website, whitepaper and listing websites. Our dashboard meanwhile will be taken down until further notice. We will give more details about this later on.
Thank you for reading.
Become a part of our project via AZ Token. Learn more about the project at www.azfundchain.io . IEO begins soon on www.stex.com
Follow us on our official social media channels for the latest updates on our project.
Twitter: https://twitter.com/azfundchain
Telegram: https://t.me/fundchainAZ
Facebook: https://www.facebook.com/azfundchain/
Youtube: https://www.youtube.com/channel/UCEwWl9_c_qgH715C2ZvrJBw
website: http://www.azfundchain.io/
