Latest rules for the Futourist token sale
Dear Futourist community,
we are excited to announce our final crowdsale model. Due to high interest for the Futourist crowdsale, we updated the crowdsale model.
Introducing pre-sale phases
There was a lot of community requests for a pre-sale phase of the crowdsale, which wasn’t planned from the beginning. After some extensive consulting with our advisors and technical partners, we decided to follow the latest trends which are necessary for a successful token crowdsale. The pre-sale will take place in two stages: Limited pre-sale and Unlimited pre-sale.
Due to the changes which required a lot of legal, technical and other effort for adding the pre-sale phases into our crowdsale plan, we are postponing our crowdsale for 5 days. This means the first pre-sale phase begins February 20th.
Limited pre-sale
- It will last for 72 hours (3 days) or less if the hard cap is reached early.
- Everyone in this phase will get an 8% bonus, which will be distributed after the crowdsale (bonus only).
- During the Limited pre-sale, the maximum investment will be capped at 10 ETH per individual contribution.
- In association with Cofound.it, our closest partner, we made a special offer for Cofound.it Priority Pass members. They will be able to contribute 20 ETH per individual.
- Limited pre-sale means that a higher number of individual contributions will be possible in this phase. Small contributors will be able to participate before the ‘’whales’’ come in. With this model, we want to diversify and widen the initial FTR owner list.
Unlimited pre-sale
- Unlimited pre-sale will start right after the limited pre-sale is finished. Limited pre-sale will officially start on 23rd of February.
- It will last for 96 hours (4 days) or less if the hard cap is reached early.
- The individual contribution will not be capped.
Public crowdsale
- Public crowdsale will start on 27th of February.
- It will last for 3 weeks and will end on 20th of March .
- The individual contribution will not be capped.
- In the case of hard cap being reached early, the public crowdsale will not be opened.
Know Your Customer (KYC) and Whitelisting
Due to demands made by exchanges and banks, the “Know your customer” form (KYC) will be an obligatory step for every investor — for those investing in the pre-sale phases, as well as those investing in the public crowdsale phase. The KYC form will be available online before the pre-sale starts.
KYC in pre-sale
During the pre-sale phases, the form will not be available, so you need to submit KYC form before the presale starts. Doing so, your ETH address will be inserted into our crowdsale smart-contract, which means it will be whitelisted. All collected funds that do not come from a whitelisted ETH address will be returned to the address they came from.
KYC in crowdsale
As for the public crowdsale, the KYC form will be a mandatory step as well, but unlike the pre-sale phases, the KYC form will be available throughout the public crowdsale — you will be able to submit your KYC data whenever after crowdsale begins.
More tokens in the crowdsale & angel investors
Due to continuous requests by our community, we have decided to increase the amount of tokens available in the crowdsale. 35% of the total token supply (instead of 25%) are now allocated to be sold throughout the crowdsale. We have done that in order to let more people in our token crowdsale due to the high interest in the community.
We’d like to stay transparent with our community, so we are publicly announcing the private angel investment phase as well. A part of the tokens is reserved for our angel investors who have supported and financed our project from the very beginning and are the reason Futourist exists. The angel phase will end before the pre-sale, the amount of tokens sold will be publicly disclosed before the public phases take place. Also, Columbus Capital fund, Pinta*, has expressed a high interest for Futourist and will take part in the crowdsale. The angel phase goes along with the increase in the token amount allocated for the crowdsale.
The price of the token remains the same, so nothing else changes besides the higher number of FTR tokens available in the crowdsale and consequently a higher crowdsale hard cap. The market cap of the project remains the same. Our crowdsale hard cap is now 5,600,000 EUR.
ETH price for FTR tokens will be calculated in days leading to the start of the pre-sale. We will release this information then.
*Pinta (CCP) — Is a closed-end actively managed fund investing in crowdfunded blockchain based projects (ICOs). Investment strategy is based on proprietary fundamental analysis. Pinta strives to pursue superior returns on the upside and protects the investor’s funds on the downside.
KYC form itself and whitelisting will be available very soon so stay tuned.
Thank you for your patience and for being our loyal supporters who believe in our great project!
If you have any more questions about our project you can always ask us in our Telegram chat.
Join us on Social Channels:
