In our last article, we provided details about our upcoming IEO event; We discussed the advantages and disadvantages of IEO as it relates to the Ellcrys project. We also stated our plan to conduct our Pre-IEO which is designed to attract strategic partners and aid our preparation for the IEO. This article will provide specific details about the Pre-IEO.
Purpose
As we prepare to launch our IEO event on a number of exchanges, there is a need to secure sufficient funding for the Ellcrys project to cover our marketing and exchange listing expenses. We are interested in working with strategic investors in this round of token sale.
Token Allocation
For this round, a total of 18M tokens have been allocated for investors who are interested in participating before the IEO. The soft cap. is set at 3.6M tokens. The amount raised in this round will play a role in determining the exchanges where our IEO will be conducted.
Price & Bonus
The price in this round is $0.08 with a 40% bonus. Participants of previous token sale sessions (private sale & pre-sale) get an additional bonus of 15%.
Minimum & Maximum Purchase
Minimum: 500 ELL & Maximum: 1,000,000 ELL.
Lock Period
There is a lock period associated with tokens issued in this round — 50% of tokens will be unlocked 1 month after the IEO. The remaining will be unlocked on the 7th month after the IEO.
Start & End Date
It will begin on the 1st of July, 2019 and ends 14th of July, 2019.
IEO Start Date
The date for the IEO and the exchange launchpads will be announced as soon as contracts with several exchanges is finalized. We are working to conduct the IEO in July, shortly after the Pre-IEO.
If you are interested in participating, please signup/login to our contribution portal to get your unique deposit address.
