Lightstreams Token Circulation
This document discusses the final and updated Token Allocation, Circulating Supply and Market Cap of the PHT tokens on Lightstreams.
Below you will find how many tokens have been allocated to each category and how many are in circulation at the time of distribution.
Note: The Unsold Tokens, Team and Foundation tokens will remain locked. As programmed by the Distribution Smart Contract, the Team tokens vest over 24 months. However, we are replacing this with an Employee Token Purchase scheme. Therefore, Team tokens are not currently being distributed.
Pricing of Tokens during Presale / Crowdsale
As per the white paper, tokens were sold for USD 0.15 per each round. Each round was awarded bonus tokens as follows:
Presale: 15–35%
Crowdsale: 5%
Given the price of USD 0.14, this gives a market capitalization of approx $6.8 M.
Official Network Launch and Exchange Listing
As mentioned in our previous post, with the completion of the distribution of Lightstreams PHT tokens to presale and crowdsale participants on July 18, 2019, marked the official Network Launch of the Lightstreams Network.
CoinAll has announced that they will be the first exchange listing PHT tokens. Listing and exchange will begin at 17:00 July 25 HKT (9:00am UTC). CoinAll is a project-centric exchange which is part of the Open Partnership Program run by OKEx, one of the world’s largest exchanges. More details about CoinAll are covered in our article about the Lighstreams Photon (PHT) listing.
What is the utility of PHT tokens?
- Network Fees — Paying gas for processing transactions, just as ETH is used to pay gas to miners on Ethereum’s network. Lightstreams supports Ethereum smart contracts which have varying gas fees.
- Peer-to-peer sales — As the standard pricing unit for purchasing peer-to-peer hosted content. Content producers are able to share files, images, music and movies and monetise them directly without needing a third party to host the content or broker the details — smart contracts on the Lightstreams blockchain manage the payments and permissioning.
- Asset Exchange — As the standard pricing unit for transferring assets in a peer-to-peer manner based upon market rules defined in smart contracts. No central registry is needed for storing asset details. Instead, Lightstreams’ Smart Vault can act as the secure and private peer-to-peer registry.
- Decentralised Finance (DeFi) — Any variant of Ethereum-based DeFi product that requires instant settlement. Lightstreams supports a transaction finality time of 3 secs.
- Coin Creation — With Lightstreams’ CoinFactory, PHT tokens are bonded in a Smart Contract to create new tokens. Similar to how USDC is backed by USD. To generate an artist token, PHT tokens are locked in a smart contract using what is called a “Bonding Curve“. Fanbase is the first application that will take advantage of CoinFactory.
Buy PHT Tokens
You go to the following page Buy PHT tokens.
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We thank all participants for their support of the project and are looking forward to great things to come!
Michael Smolenski
Lightstreams — CEO
