CoinCrowd’s Token Sale Updates!
Here’s a brush up on CoinCrowd’s project and information regarding the upcoming token sale
Thanks to the launch of the whitelist, many new members have joined our Telegram group and expressed their interest in our project. So let’s brush up on what CoinCrowd is all about!
The road to CoinCrowd
During May 2017, with the big ICO outburst, we started imagining a way to make the token sale space better for everyone involved. At the moment, despite the skyrocketing figures collected, token sales have already been compromised. The once innovative tool to fund cutting-edge projects has become a way to make a quick buck (or billions of bucks), to the detriment of those who choose to participate despite the utter lack of guarantees.
This will all change with our DAICO protocol, designed to make token sales fair and safe. The protocol implements a milestone control system, which progressively releases the Ether collected during token sales only at the accomplishment of predefined milestones and not all at once!
If participants believe a milestone was not reached they can vote to block the Ether, and eventually recover at least part of it. Amazing, right?
Other features of the protocol include the possibility to hold a second votation on Aragon — should controversies arise — and the Active Token Identification Algorithm, which excludes non-active tokens from votations.
The protocol will be free to use so that all kinds of communities can provide their members with a perfectly functioning technological infrastructure. Through a blockchain poll, community members can vote to select the best candidates for a token sale among the different projects submitted, thus ensuring only quality projects get through. On the other hand, project owners can use the protocol’s Automatic Smart Contract Generation to easily customize and create the smart contracts of the token, the token sale and the milestone control system. Pretty convenient for both parties.
The protocol is backed up by our decentralized exchange and our wallet. The exchange is wallet integrated, and decentralizes the most critical aspects of the exchange process users face today, making it both easier and more secure. The wallet is basically the user’s gateway, and allows to manage all the aspects of the token sale participation: purchasing Ether and tokens, storing them and trading them.
The three elements — our protocol, exchange and wallet — work together to actualize CoinCrowd’s vision of making token sales and cryptocurrency safer and more accessible.
The token sale
The token sale starts in June, and it is going to be a DAICO, so there will be a possibility to monitor the development of the project through the milestone control system. Remember to join the whitelist to participate!
The price of the token in the public sale will be €0.43. The hard cap is fixed at €15M and the total supply is going to be of 78,750,709 XCC tokens.
The tokens will be distributed as follow:
- 50% to the token sale
- 25% to the team
- 10% to the company
- 10% to strategic partners
- 5% to the bounty program
We hope more and more people will find themselves truly convinced of the value of our project and decide to join us in this promising venture.
New to CoinCrowd?
- Enter the Telegram group and never miss an update
- Visit the website to get more info
- Read the whitepaper or the lightpaper
- Join us on Facebook and Twitter
