Announcement — Pre-Sale numbers and Public Sale allocations update
Earlier this week, HGF announced some changes to the HGF Token Sale structure following advice from our advisors and feedback from the community. See here.
Having now closed the Pre-Sale and confirmed the numbers, we wanted to keep the community updated and provide the finalised allocation for the Public Sale.
1. Pre-Sale
HGF created a Pre-Sale (whitelist) to enable invitation of strategic investors to support the Token Sale and remove large investors from the Public Sale, thereby freeing up the Public Sale to be as widely supported as possible.
As a key market for the HelloGold application, it is important to HelloGold that there is strong base of support in China. Consequently, HGF have worked with ICOage to sell two allocations in the Pre-Sale to the Chinese market. This means that HG now have a broad base of support vested in the success of HG in that critical market. This Pre-Sale was also capped, to ensure that it was purchased by a large number of people rather than a few “whales”.
2. Token allocations for Public Sale
As a result of the exceptionally high demand and the capped nature of the Round 1 Token Sale, the allocation for the Public Sale has been reduced to a total of 80m HGT (from a previously published 180m). The Public Sale will continue to be sold in 5 tranches with reducing bonus amounts in each tranche.
As outlined below Token Sale Information Sheet, Supplier Tokens will be used by HGF to defray costs and expenses arising out of or in connection with the Token Sale. As HGF need to pay suppliers in a combination of HGT, ETH and fiat, HGF are selling some of the supplier tokens via ICOAge to cover these costs and to broaden further the base of support in the Chinese market.
HGF remains committed to a capped Round 1 Public Sale and to a 3 Round structure (over multiple years)
3. Tranche pricing
The Public Sale allocations and pricing are confirmed as:
4. Participation in Public Sale
Please remember that to participate in the Public Sale, you need to:
- Register on hellogold.org
- Get the ETH address from the secure/logged in area (once you have been approved). See below:
3. Send ETH to that address from the personal ETH wallet you registered in 1. (Max/Min 10/0.001ETH respectively) after the start of the Public Sale.
More information on the Public Sale process can be found here
The Public Sale will open 0400 UTC Monday 28 August 2017
Note: ICO-BANK has pre purchased an allocation of HGT and will be selling this allocation of HGT outside of China during the sale process.
