Join the Bancor ICO with imToken
The BANCOR network token is the Genesis smart token to be deployed, establishing the BANCOR network, functioning as its native currency. The BANCOR token will hold a reserve in ETH.
Token sale summary
- 50/20/20/10 Token Distribution: 50% of BNT will be issued to the contributors in the fundraiser, 20% allocated to partnerships, community grants and public bounties, 20% to the Foundation’s long-term operating budget, 10% to founders, team members, advisors and early contributors. Founders and team contributors will be subject to a three year vesting schedule.
- Fixed Price: 0.01 ETH per 1 BNT ( i.e. 100 BNT per 1 ETH )
- Hidden ETH Cap: After the first hour, revealed if 80% of the cap is reached.
- Duration: The fundraiser will run for 14 days or until the hidden cap is reached, with a 1 hour minimum time. ALERT: In “minimum time” — 1 hour — during which all contributions will be accepted regardless of the cap.
- Token Availability: BNT for ETH contributions will be distributed immediately. The ability to transfer, purchase and liquidate BNT through the smart token’s contract will be enabled gradually during a time span estimated at 7 days following the fundraiser closing.
Download imToken via https://token.im , then create or import ethereum wallet. Caution! Please backup the wallet after above operation immediatly. Please prepare the ETH in advance, then you are good to go.
1 . Click the “ICO” DApp icon in the Discover tab, then go to the bancor detail page.
2 . Input the amount, click ‘Join ICO’ button, confirm to send the transaction. It’s done.
3 . From the “Assets” tab, click the “+” icon, switch on BNT token then you shall see the balance of BNT in the main screen.
On PC, with the ICO DApp https://ico.token.im/bancor, you can join the auction easily with MetaMask.