ONOT ICO is Now Live
ONO is a social network that has released a decentralized app rewarding users who create content with ONOTs, its native token.
Over the next year, ONO has decided to hold a token distribution so folks who sign up on https://www.onoico.com/#/user/login can obtain ONO without using the app.
The details of the ICO are as follows:
The Token Distribution can be seen at the following website: https://www.onoico.com/#/user/login
There was a brief keystone private sale where ONO raised 10000 ETH. There are a total of 29 billion ONOT available during the token distribution. The first distribution round will have 5 billion ONOT and be open for 10 days. The following distribution rounds will have 290 million ONOT and be open for 71 hours.
The Token Distribution will be performed in a dutch auction style, where the price goes up as more ONOTs are sold in a round. The Token Distribution ends when one year has passed or when the Token Distribution has raised 50000 ETH, whichever comes first.
The ONOT ICO will not be allowed in the following countries due to current laws and regulations: Canada, China, Congo, Cuba, Iran, Iraq, Libya, New Zealand, North Korea, Serbia, Somalia, South Sudan, Sudan, Sri Lanka, Tunisia, USA, Venezuela, and Zimbabwe.
The Token Distribution participants will be required to submit KYC information in order to determine a participant’s nationality. This is done in strict accordance with international laws regarding ICOs.
Tokens will be available a couple weeks after the first round, then the ONO team hopes to decrease the time it takes to send out tokens to two days as they make their system more efficient. If you have any questions about the token distribution, please visit ONO’s investor channel.
ONO does not guarantee that ONOTs will have any particular value in the present or the future.
Be sure to read and agree the ONOT Terms and Conditions before participating in the ONOT ICO.
Article written and researched by Ruben Alexander.
