DML Token Generation Event Contribution Procedure and Announcement of TGE-Ecosystem-Bonus

Published in

Decentralized Machine Learning

9 min readApr 14, 2018

Our TGE will start on 16 April 2018, at 16:00 UTC +0.

Dear DML Community,

Thank you very much for your support. We have received about 13,000 Whitelist applications for participating in our token generation event (TGE) with over 10,000 applications being approved.

Our TGE will start on 16 April 2018, at 16:00 Greenwich Mean Time/Coordinated Universal Time (UTC +0). It will end on 22 April 2018, at 16:00 Greenwich Mean Time/Coordinated Universal Time (UTC +0), or when tokens are sold out, whichever is earlier.

Please refer to the detailed contribution procedure and the announcement of TGE-Ecosystem-Bonus below.

DML Token Generation Event starting in 48 hours

We have received about 13,000 Whitelist applications for participating in our token generation event (TGE) with over 10,000 applications being approved, of which a significant portion is our Early Whitelist participants which have been supporting us for long.

In view of our strong Early Whitelist demand (including both DML Ambassadors and DML Super Ambassadors), we have structured our TGE in a way that allows our Community able to have a more meaningful contribution. We therefore only catered majority of private sale requests after confirming the Early Whitelist demand as we see DML as a Community project, which the support from the crowd is one of the most important success factors. To accommodate with our Whitelist demands, the Team has reserved around 40–45% for Early Whitelist participants (including DML Ambassadors and DML Super Ambassadors) and 25–30% for Main Whitelist participants reflecting from their respective contribution range and confining the private sale to be around 30%. The bonus we offered to our private sale participants are 20–30% with lockup.

Given the importance of our Community to help spreading our mission and build up the network effect, we are here to announce the TGE-Ecosystem-Bonus. Our DML Protocol Gen 1 beta is scheduled to launch during summer and official launch is planned in September. We will exclusively allocate the TGE-Ecosystem-Bonus to all of our token sale participants who will download and run our coming DML apps (DML Protocol Gen 1) to reward them being part of our DML Protocol. You will find more details below.

Along with the project development, we have made various significant breakthroughs. As communicated in different occasions, scalability is one of most important elements to support mass adaption of DML. We, therefore, have reserved significant resources for it. With our latest research and development, we have already built the know-kow to implement state channel for DML and would have saved a lot of planned resources on it. What equally important is the overwhelming Community support to kick start the network effect. Therefore, we rather save part of the marketing expenses for acquiring initial users to directly reward those TGE participants who will be the pioneer users of our DML app (DML Protocol Gen1). With also the working prototype that we have already built and our experience and know-how in Blockchain, Software Development and Machine Learning, and a stronger advisory panel and partners consisting of real supports of DML in different focuses and aspects, these breakthroughs and new resources allow us to make the TGE-Ecosystem-Bonus possible and to share the fruit together by allowing a smaller hardcap and offering TGE-Ecosystem-Bonus. We have also made different scenario analysis on the resources that we need to start DML in a lean structure. Refer to our whitepaper, we also aim to reserve resources in researching and developing strong AI (Machine Learning is a form of narrow-AI). Such part is, however, resource-intensive and thus on top of the lean structure. With the private sale allocation that we have concluded, we already secure enough resources to kick start DML in a lean structure (some people refer this as softcap). In fact, as the creator and core believer of DML, we have already started the development. With the resources that have secured and the coming TGE, we have high confidence in DML Protocol rollout.

While the gross demand of either Early Whitelist or Main Whitelist alone has well exceeded the whole token sale target, it is a dilemma for the Team to cater everybody needs for participation and with a more meaningful amount. Therefore, the Team tried to strike for a better balance and announced a wider range of allowable contribution in the first 24 hours as stated below. However, because of the huge number of our whitelist applications (over 10,000 approved), there may not be enough allocations for all of our Early and Main Whitelist participants, and the TGE will inevitably be in a first-come-first-served basis, yet with an allowable range for each participant as a balance. To compensate for such effort and to reward our DML core supporters, we announce the TGE-Ecosystem-Bonus Plus with a small number of quota (details as below).

Contribution Range

We have received many requests from the Community to increase the individual cap for the contribution. While the Team is always willing to listen and consider to your feedbacks, it is also important to strike a balance and diversified the participation. In view of this, the Team decided to setup a wider contribution range for each category of the eligible participants, which are detailed below as follows:

Early Whitelist Participants (DML Ambassadors)
First 24 Hours of TGE: 1–5 ETH;*
Thereafter: Uncapped (Up to 68 ETH per transaction)
Early Whitelist Participants (DML Super Ambassadors)
First 24 Hours of TGE: Up to 38 ETH;*
Thereafter: Uncapped (Up to 68 ETH per transaction)
Main Whitelist Participants
First 24 Hours of TGE: 0.5–2 ETH;
Thereafter: Uncapped (Up to 68 ETH per transaction)

Note: The 10% bonus for Early Whitelist Participants (for both DML Ambassadors and DML Super Ambassadors) will only apply in first 24 hours of contribution.

TGE-Ecosystem-Bonus

Since we announced the DML project, the Team has been receiving overwhelming support from our Community. We value our Community, which is one of the core elements of the ecosystem, hence we are now pleased to reserve 6% of the tokens as a TGE-Ecosystem-Bonus (exclusive for our TGE participants including our private and public sale contributors).

This 6% (of 330,000,000 DML tokens) TGE-Ecosystem-Bonus is reserved from the 36% Tokens for Sale, of which the distribution criteria are as follows:

TGE-Ecosystem-Bonus

Exclusive for our TGE participants including our private and public sale contributors:

Private and public sale contributors in the first 48 hours of TGE:
15% of purchased amount at base price (exclude any bonus);
Public sale contributors in the second 48 hours of TGE:
10% of purchased amount at base price (exclude any bonus);
Public sale contributors in the last 48 hours of TGE:
5% of purchased amount at base price (exclude any bonus).

TGE Ecosystem Bonus Plus

The following participants shall be eligible to TGE Ecosystem Bonus Plus in addition to the above Ecosystem Bonus:

Private sale contributors, and first 777 public sale contributors in the first 24 hours of TGE:
Extra 5% of purchased amount at base price (exclude any bonus);
Following 999 public sale contributors in the first 24 hours of TGE:
Extra 3% of purchased amount at base price (exclude any bonus);
First 333 public sale contributors in the second 24 hours of TGE:
Extra 3% of purchased amount at base price (exclude any bonus).

The Distribution of TGE-Ecosystem-Bonus

Participants of our TGE are core stakeholders of DML ecosystem. We appreciate a lot for their early adoption of DML Infrastructure, therefore we plan to distribute the TGE-Ecosystem-Bonus by our DML App (DML Protocol Gen 1). TGE-Ecosystem-Bonus holders shall claim their bonus tokens through downloading and running DML App (DML Protocol Gen 1).

By reserving additional tokens for our ecosystem development, the Team aims to build up a good network effect during the launch of DML Protocol Gen 1.

Note: Remaining tokens of TGE ecosystem bonus (if any) will be reserved proportionately to the purchased amount at base price (exclude any bonus) of all the TGE participants including private and public sale contributors. Such part shall also be claimed through downloading and running DML App (DML Protocol Gen 1).

Token Available for Purchase During TGE

The DML tokens concluded in private sale (including bonus) and reserved for TGE-Ecosystem-Bonus (including Plus) are 37.0mn and 19.8mn respectively, totaling 56.8mn of DML tokens. Therefore, only 62.0mn of DML tokens (excluding TGE-Ecosystem-Bonus) will be available for subscription by over 10,000 whitelisted participants [allowable contributing range in the first 24 hours: DML Ambassadors (1–5 ETH); DML Super Ambassadors (up to 38 ETH) and Main whitelist participants (0.5–2 ETH); Uncapped (Up to 68 ETH per transaction) thereafter] at the base price of 1 ETH to 3,780 DML. (Early Whitelist participants, including both DML Ambassadors and DML Super Ambassadors, will entitle 10% bonus for contribution made in the first 24 hours.)

Eligibility and Cross-Checking Your Approved ETH Address

Our tokensale is only for participants who have KYC approved through our Early Whitelist or Main Whitelist program. Please visit the below url to cross-check your application status by inputting your ETH address for application:

https://decentralizedml.com/whitelist_result

Please note that your Ethereum address should be a wallet address (e.g. MyEtherWallet or MetaMask, etc) and no Ethereum address from Exchange should be used.

If you have any questions regarding your KYC approval status, please raise it in our Telegram Community and our admins are ready to serve.

Gas Limit and Gas Price

The gas price upper limit will be 99 Gwei and our suggested gas limit is 200,000. Unused gas limit will be refunded to your transaction by the Ethereum network. However, if you set more than 99 Gwei in your contribution transaction, the transaction will be automatically rejected by our smart contract.

The minimum amount for each transaction is 1 ETH for Early Whitelist Participants and 0.5 ETH for Main Whitelist participants in the first 24 hours of TGE. Thereafter, the minimum amount per transaction will be 0.1ETH for all Participants. As for those 62.0mn of DML tokens (excluding TGE-Ecosystem-Bonus) available for subscription, only sold token (includes bonus for Early Whitelist) will be minted/issued.

Smart Contract Address

There is ONLY ONE smart contract address for our TGE. We highly recommend you to verify this address against at least 2–3 of our official channels before triggering your ETH transactions.

For security reasons, the contribution address and the verification ways will be separately announced shortly in our official channels publicly. We will NOT communicate this address through email or Telegram private message. Our Project Lead, Michael Kwok, will also feature in the upcoming video to show the smart contract address, for all of you to cross-check the authenticity of the contribution address.

Be a Smart DML Supporter

We will NOT initiate for contribution privately and contribution will only start on 16 April 2018, at 16:00 UTC +0. The only method to participate in our token generation event will be contributed to our ONLY ONE smart contract address, which will be announced in due course.
Do not share personal info to anyone in doubt (such as email addresses, Ethereum addresses and other personal particulars). Do NOT post your own address etc. onto community groups even though you would like to seek for help. It’s important to protect your own credentials yourselves.
Check the admin tag (in conversation) and/or stars (in group info) in DML Telegram Community to identify real admins. Please pay special attention to the spellings of the usernames, the displayed names etc. and beware of any information which doesn’t make chronological sense.
Check the username before talking with anyone in Telegram private messages to ensure you are talking with the real admins. In particular, our real admins will NOT send private messages to your on the TGE address.
Check the spelling of all incoming emails, channels and website to ensure it is legitimate; “decentralizedml.com” is the correct spelling and domain with only one “i”, ‘Decentralized” instead of “Decentralised”, camouflages & wrong spellings of 1 vs i, o vs c. etc.
Please be sure you know which address you’re sending from & sending to, and DML is not responsible if you failed to get the DML tokens because of wrongful entries or any non-technical issues.)

What Next?

Before the start of TGE, we will officially announce the contribution smart contract address and its verification methods including a new video featuring our Project Lead, Michael. Also, we will prepare a TGE quick guide having handy information for easy reference.

Cheers,

DML Team