IDO Complete — PhotoChromic token update

PhotoChromic is a disruptive blockchain-based protocol that tokenizes individual identity through an NFT which is programmable, verifiable, addressable and also digitally secured.

The project IDO went live on CardStarter on November 15th and was oversubscribed by over 125x. The IDO has closed with the fundraise successfully concluded.

Listing on CEX(s)

PhotoChromic is in late-stage talks with a leading centralized exchange and is aiming for listing in the coming weeks. Please subscribe to the announcements channel to hear about exact details as soon as officially confirmed.

Token distribution

All participants in our public and private sales will receive their tokens at the same time, immediately after CEX listing. Tokens will be airdropped to the ERC-20 addresses used to participate in the IDO — you don’t have to claim them or do anything else, PhotoChromic will take care of the details and cover any gas fees.

To view your tokens, you should add them to your ERC-20 wallet (Metamask, etc.) — the smart contract address will be announced on PhotoChromic’s Telegram and Twitter channels at the time of CEX listing.

PhotoChromic Token details

PhotoChromic has a total token supply of 15B PHCR and the distribution is as follows:

Advisors 525m

Seed 1.125bn

Private Sale 1.350bn

Public IDO 900m

Community incentive 4.95bn

Development 1.875bn

Marketing and Partnerships 1.125bn

Liquidity pool 450m

Team 2.7bn

Vesting

The team at PhotoChromic has designed the vesting schedule to ensure the outflow of incentives to the ecosystem stakeholders. This will also include a staggered release to the market over time in order to keep in check any excessive supply.

• Ecosystem: 6-month cliff, then 10% released monthly for 10 months
• Advisory: 6-month cliff, then 10% released and linearly for 12 months
• Liquidity: 100% locked for 12 months
• Seed: 21 day cliff then 10% released and linearly for 12 months
• Private:21 day cliff then 10% released and linearly for 12 months
• IDO: 50% released initially, then 25% over 2 months
• Team: 6-month cliff, then linearly over 24 months

About PhotoChromic

PhotoChromic is a blockchain-based protocol that tokenizes an individual’s identity through an NFT that is programmable, verifiable, universally addressable and digitally secured, verifying the link between the analogue and digital worlds. The product aggregates biometric proof of life, with government-backed identity verification and unique personal attributes into an on-chain asset that is utilised for blockchain-based identity verification and Web3 applications.

The benefits that the protocol offers include:

• Immutable security and independent management of your online identity
• Attestation of true biometric identity, tethered to your physical and digital assets
• A multi-chain protocol to run initially on Ethereum, Polygon (MATIC) and Cardano
• By developing and deploying this protocol onto key blockchains, there are a host of value-added benefits and commercial opportunities that will be created as a result. These can either be pursued by PhotoChromic in isolation, developed in joint-venture with other parties or proposed to third parties who consume the protocol for their own commercial risks and return.

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