InsurePal Crowdsale Campaign Recap
InsurePal crowdsale was a huge success and an amazing ride for the whole team and all of those who have become part of our community during this time. We want to thank you for all the support and share the achievements of the effort we invested in our Crowdsale campaign.
On January 16, we finished a campaign with which InsurePal successfully raised funds to launch a global blockchain platform based on social proofing. We are immensely proud to see how much our community has grown in such a short period of time. Here is a quick recap of our efforts and everything we`ve achieved so far that helped us to reach the set goal of $18 million.
Crowdsale recap
InsurePal crowdsale was divided into two distinct phases:
Phase 1: Whitelisting-presale
This phase began of 10 December 2017 and was closed on 3 January 2018 at 15:00 UTC. InsurePal sold-out all 70% of tokens available. Due the immense growth of Ethereum, we have also proportionally refunded our contributors.
Phase 2: Public sale
The public sale began on January 16 on block: 4918135. We sold-out all the tokens available in 5 blocks, accounting for 80 seconds.
During this time, we gathered a staggering number of supporters. Altogether, 23.834 unique users have been whitelisted, of which 18.750 have also successfully passed the KYC verification process. Due the legislation, members from USA, Canada, China, Singapore and Korea were not able to participate.
Contribution Summary
Total transactions: 1023
Total IPL tokens created: 300,000,000 IPL
Total IPL tokens sold: 201,000,000 IPL
On the day of the public sale, InsurePal has generated 300,000,000 IPL tokens which were distributed in the following manner:
67 % whitelisting presale + crowdsale
22 % IPL for founders and team
6% IPL for advisors and ambassadors
3% IPL for platform incentives
2% IPL for early investors in pre-token
Social media re-cap
It is all about the community! In a very limited period of time, our team was challenged to address and communicate with users from all around the world. We launched the global digital campaign on 27 November, that is the very same day the official website https://insurepal.io was also firstly introduced to the public.
A response followed which we did not dare to predict, although we anticipated and hoped for it silently. In only a month and a half, we touched exceptional number of users from all around the globe and confirmed that InsurePal is a project that attracts and bridges both crypto and non-crypto worlds. Here are the numbers!
We are proud of what InsurePal achieved so far, but above all, we look to the future with confidence and enthusiasm. Thank you for believing in us! Very soon, we will announce first updates and keep you in the loop on everything our team has been working on since the crowdsale was finished.
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