Announcement: New IEO Start Date and Whitelist Extension.
Dear readers, based on community feedback, input from our advisors, the holiday season, and there being a sizable quantity of NEXT yet to be swapped, the NEXT team believes that rescheduling our IEO start date to the 20th of January as a logical and strategical move.
Our IEO Whitelist will remain open until the 20th of January, the Whitelist may be found here. We ask that users please complete the Whitelist in order to reserve a participation slot for the first stage of our IEO. Our team will update publicly available swap information to reflect the new start date within the coming days.
Readers may expect a BitcoinTalk IEO and Project Announcement as well as the addition of the NEXT IEO to relevant IEO/ICO trackers by mid-January. Expect a significant increase in public activity and marketing activities from our team.
NEXT IEO Information:
Start Date: January 20, 2020.
End Date: February 28, 2020.
IEO location:
- Our launchpad; NEXT.genesis.
- A third-party launchpad, ranked by CoinMarketCap as a top 10 exchange (based on volume).
NEXT available for sale during IEO: 2,500,000 NEXT (split across two IEO Launchpads).
Private distribution or OTC deals: None, we have rejected all OTC requests over the last two years.
IEO Sale structure: Sold in 5 stages.
- Starting price: 1 EUR. | Supply: 250,000 NEXT
- Stage 2 price: 2 EUR. | Supply: 500,000 NEXT
- Stage 3 price: 3 EUR. | Supply: 750,000 NEXT
- Stage 4 price: 4 EUR. | Supply: 500,000 NEXT
- Stage 5 price: 5 EUR. | Supply: 500,000 NEXT
Accepted currencies: BTC, ETH, EUR, USD (Credit card only), USDT, USDC, PAX, TUSD.
Soft cap: 500,000 EUR.
Hard cap: 8,000,000 EUR.
If the soft cap is not reached, users may redeem their NEXT.
Approximate targets and allocation of funds:
Onboarding of additional developers (6): approximately 500,000 EUR/year. (soft cap)
Acquisition of EMI (Electronic Money License) to provide our users with access to traditional banking infrastructure: approximately 750,000 EUR.
Acquiring applicable regulatory licenses for continuous operations: 50,000EUR
Acquisition of data center in the Netherlands for mining, scaling, and data operations: approximately 1.2M EUR, 500,000 EUR of which is used to acquire physical data center facility (real estate).
Partial acquisition of licensed stock exchange broker with applicable licenses: approximately 500,000 EUR, which will provide us with the ability to onboard securities and trade traditional financial instruments.
Further expansion and regional official launch in Russia, the USA, the Middle East, and Asia.
Additional information
NEXT will be listed on our own trading platform which will also open in its entirety after the IEO concludes, in addition to one confirmed top 10 volume platform. With two additional trading platforms currently in the negotiation stage.
An extensive marketing campaign is planned for the IEO and product launches. Our primary marketing partner will be an organization that specializes in digital asset exchange marketing activities and presents a track record of clients of which are reputable digital asset exchanges.
