DATA is dead, long live DTX! And the release of the DTX token sale dates and terms.
Today we are happy to announce the updated whitepaper and token sale terms.
The past months have been a rollercoaster interacting with current and upcoming DataBroker DAO alliance members on their needs for the marketplace. Out of those discussions we have modified our roadmap and feature scope for the first mainnet release, currently in development and planned to be deployed shortly after the token becomes tradeable.
All the changes we made, have been incorporated in the latest whitepaper on https://databrokerdao.com. (translations will be released soon). Have a look and share your thoughts on Telegram (https://t.me/databrokerdao)
DATA is dead, long live DTX!
With this update we also had to make a decision on the token ticker symbol. As our early token holders know, a duplicate ticker symbol exists which makes a lot of crypto tracking applications fail. We decided on a new ticker symbol DTX, from DaTa eXchange.
We will be migrating all our current holders to this new ticker at the end of the token sale. We also want to thank our earliest supporters and will distribute an equivalent of their original ETH investment, compensating the rise of ETH over that time. And we will offer them a bonus rate of 60% to guarantee their original advantage.
Dates and terms for the token sale
The total supply for the DTX token is 225.000.000, just like the DATA token. The reasoning behind this amount stays the same and is described in the whitepaper.
We will lock up 30% of these tokens for 3 years and an additional 5% of the tokens will be released to new team members over 4 years, effectively decreasing the supply to 146,250,000 DTX.
As before, we are employing a complete KYC procedure by IdentityMind Global. Filling in the pre-registration form on the website will validate your information live. It might ask for an ID/Passport scan. On completion of the form, the procedure is completed and you can purchase DTX tokens.
Pre-sale starts March 19th, 2018 4PM CET
The presale phase of this token sale event starts on March 19th, 2018 at 4PM CET. During this presale a 50% token bonus applies (amounting to 6000 DTX/ETH) and the minimum purchase amount during this period is 10 ETH.
Main sale starts March 26th, 2018 4PM CET
The main sale will start March 26th, 2018 at 4PM CET.
The sale will run for 4 week. The rate for this phase is 4000 DTX per ETH. In case of a significant ETH rate change leading up to the sale will cause a recalculation according to the same formula used in the whitepaper.
Only on the first day a 10% bonus will be awarded. Before and during the token sale, a referral system is in effect. Contributions via a referral link will result in a bonus of 5% of the tokens sold via a referral link.
Trading starts April 30th, 2018
The tokens will be issued and be tradable 1 week after the sale ends (April 30th, 2018).
At this point in time we have a commitment to list the DTX token on Chankura.com at that time and are identifying one or two more exchanges to list it on, by that time.