Holo ICO Supply: Organic Mechanics

We have previously talked about Attuning to the Crowd and Designing Ecosystem Flows for a Responsible ICO. Consider this the TD;LR version. Read those for the why and how. Read here for the shortcut to the what.

Quick Facts

• The price of 10,000 HOT is 0.0022671895 ETH (The price of HOT is pegged to ETH)
• The price of HOT is constant throughout the ICO.
• Minimum purchase is 0.1 ETH.
• Un-purchased supply rolls over to the next day’s supply. No un-purchased supply exists (tokens are minted on purchase).
• The ICO runs for 30 days, the 29th of March until the 28th of April. Ends sooner if we hit the hard cap of 25M Euros.

Holo ICO Mechanics

There are two important layers we have addressed in seeking funding:

1. The Infrastructure: Crowdfunding includes developer engagement and selling hosting devices. This is the infrastructure for Holo. People building dApps and the hosting capacity for those dApps. We have sold over $600,000 worth of infrastructure so far.
2. The Economy: Our ICO creates the economy that runs on the Holo community infrastructure.

The supply for the ICO is tied to the infrastructure. Mostly this is showing up as activity in the Indiegogo campaign. It also includes things such as: the number of developers joining the Holochain Mattermost, contributors to Holochain Github Repos, and new Holochain Apps contributed.

The Schedule of Supply

• Day 1: 2.5M Euros worth of HoloTokens released.
• Day 2: Remainder from Day 1.
• Day 3: Supply goes up to 126,154,000,000 HOT on Saturday, that is 12.5M EUR (12,615,400 EUR) This is the total supply released by all the Indiegogo purchases thus far. For 24 hours only, some of that release is held in reserves for those who made an Indiegogo purchase and can participate in the ICO, 29,960,000,000 reserved tokens (6792.499742 ETH). See ico.holo.host for live updates of this supply and reserve.
• Day 4 and all following days: Supply total is whatever remains from Day 3 (and so on), along with whatever reserves were not purchased from Day 3 (and so on). The only new HoloTokens that get added come from the supply mechanics described above, with a three day delay from purchase on Indiegogo to the reserves available to the purchaser.

Additional Constraints

Here are the additional throttles to make our ICO responsible and ensure distribution of engagement to a broad community. Distributed applications need distributed hosting and ownership too. We have a series from our co-founder on considerations for designing ICOs.

• In our smart contracts, no more than 10% of a day’s supply can go to one person. * (The exception to this is reserves. For edge case example: If on day 25 your reserves release, and it is half the supply for the day, you might get 50% of that day’s supply but it will still be less than 10% of the total supply overall.)

Roadmap

Check our support knowledge base if you have any questions:
holo.freshdesk.com/support/solutions