Details on the Crowd Fundraiser of Cardstack’s Token Generation Event
What to expect in the Crowd Fundraiser.
This is an official Cardstack announcement, redirecting from http://cardstack.com/crowd-fundraiser-update
Dear Cardstack community,
This will be an important moment for the Cardstack Project: the goal of our crowd fundraiser is to ensure the Cardstack project is accessible to the broadest community possible, and ensure a diverse distribution of Cardstack Tokens (CARD).
KYC / Whitelisting
To participate in the Cardstack Crowd Fundraiser, you will need go through KYC and get whitelisted on cardstack.com using our new TGE dashboard app. Please review the complete instructions here. (KYC process is now closed to new applicants.)
The web app is available for use on May 10, 2018 for anyone who signed up for Cardstack (mailing list, Whitelist Pre-Signup, etc.) on or before May 8, 2018. Don’t worry—if you signed up but did not receive an email confirmation, you should consider yourself to be on the list. You may still sign up now, though it may take us a few days to get you access.
Our KYC process will run through May 20, 2018 at 23:59 CEST (Zurich). Note that the web app may experience congestion during peak times. If you encounter issues, please be patient and try again later—our KYC is not first-come, first-serve.
If you were KYC’ed through Bitcoin Suisse for our pre-allocation round, we will honor it. Simply log in to the TGE dashboard to submit an Ethereum address for whitelisting.
Contributing to the Crowd Fundraiser
A total of 480 million Cardstack Tokens (CARD) will be distributed through our Crowd Fundraiser (Batch C). This corresponds to a cap of $8 million USD for Batch C, following our successful early contribution round (Batch A), which collected $20.5 million USD from strategic contributors, and pre-allocation (Batch B), which collected $6.5 million USD through Bitcoin Suisse’s platform.
The price of CARD for Batch C contributors is approximately $0.017 USD. Contributions will be made in ETH to Cardstack’s Ethereum smart contract. The ETH-to-CARD conversion is estimated at 1 ETH = 45,000 CARD. The exact conversion will be set in the smart contract shortly before the TGE date, and remain at that value until the end of the TGE, ensuring all Batch C participants receive the same ETH-to-CARD rate.
At the opening of the Crowd Fundraiser, approved participants (who have passed KYC/AML and whitelisted an Ethereum address) will be able to log in to their TGE dashboard on https://cardstack.com/ to view the details needed make their contribution with a ERC20-compatible Ethereum client.
All contributions must be made directly to Cardstack’s Ethereum smart contract address, which will be made available only on the TGE dashboard on cardstack.com. We will never solicit funds from you via email, private message, or social media.
The individual contribution cap which will be announced shortly before the opening of the Crowd Fundraiser.
As promised, our early supporters will receive a higher individual cap for the first six hours of the Crowd Fundraiser, as a symbol of our appreciation. This group includes everyone who expressed interest by signing up for our mailing list or emailing email@example.com on or before January 31, 2018.
After the first six hours of the Crowd Fundraiser, contribution caps will be raised for all participants.
We look forward to your participation in this exciting stage of our TGE and appreciate your continued support!
- We will never, under any circumstances, solicit funds from you via email, private message, or social media.
- All contributions must be sent directly to Cardstack’s Ethereum smart contract address, which will be made available only through the TGE web app on cardstack.com at the start of the Token Generation Event.
- If you are in doubt or notice any suspicious activity, please message the admins in our official Telegram group: https://t.me/cardstack.
Nothing herein constitutes an offer to sell, or the solicitation of an offer to buy, any tokens, nor shall there be any offer, solicitation, or sale of Cardstack Tokens (CARD) in any jurisdiction in which such offer, solicitation, or sale would be unlawful. You should carefully read and fully understand this white paper and any updates. Every potential token contributor will be required to undergo an onboarding process that includes identity verification and certain other documentation, which you should read carefully and understand fully, because you will be legally bound. Please make sure to consult with appropriate advisors and others.