Eidoo announces the AidCoin Pre-sale — CharityStars to use the Eidoo ICO Engine
Eidoo and CharityStars are announcing an agreement that will consist in the use of the Eidoo’s recently revealed ICO Engine, which AidCoin will use to launch its AID token pre-sale.
AidCoin (AID) is the token for charitable giving, built on the Ethereum Blockchain and empowered by CharityStars.
AidCoin will use Eidoo wallet, to perform the AID pre-sale on November 20th, 2017 to provide more security for the pre-sale participants and enabling a smooth user experience without the need for technical knowledge.
This pre-sale is exclusive for Eidoo, meaning that users can join the AidCoin pre-sale only through the Eidoo mobile app.
Contributors just need to download the Eidoo user-friendly wallet on their smartphones. The Eidoo mobile app is free, and both available for iOS and Android.
AidCoin pre-sale will start on November 20th, 2017 and will end on November 30th, 2017 or whenever the hard cap is reached.
To reward early adopters and community supporters, tokens allocated during pre-sale will have a 20% bonus. So, the token price during the pre-sale will be 1 ETH = 1200 AID.
The maximum amount raised on pre-sale will be 8,333 ETH for 10,000,000 AID.
AidCoin to provide an Airdrop
Additionally, CharityStars will provide an airdrop of 125 000 AID tokens in total to be distributed accordingly to active Eidoo wallet users.
This airdrop is going to be launched on November 19th for all the Eidoo active users.
Eidoo to burn tokens
As Eidoo already explained in its Ethereum Funding Informative Prospect you can read here, the 50% of the revenue generated by the added-value services on Eidoo (such as the ICO Engine, for example) will be used to acquire and destroy Eidoo tokens (EDO) according to a system called “buyback and burn.”
This means that Eidoo is going to decrease the available number of existing tokens to reduce the whole monetary mass of EDO tokens.
About Aidcoin and CharityStars
AidCoin is the token for charitable giving launched by CharityStars, an auction fundraising platform that has already raised 10M$ for 500 non-profit organizations, thanks to the collaborations with celebrities such as Cristiano Ronaldo, Metallica, and Novak Djokovic.
AidCoin allows people to donate to charities while easily tracking their donations on a public platform (AIDChain). By showing how donations are being spent, AidCoin will increase the transparency in the non-profit sector, thus increasing trust in organizations.
Moreover, charities will be able to integrate a donation button (AIDPay) on their website, enabling the acceptance of cryptocurrencies for their fundraising campaigns.
