FAQ about Publica token (PBL)

TOKEN DISTRIBUTION

Tokens were distributed at 10 PM GMT (5 PM EST or 2 PM PST) to the contact address — 0x55648de19836338549130b1af587f16bea46f66b. Ticker is PBL and there are 18 decimals.

TOTAL AND CIRCULATING SUPPLY

Total supply is 33,787,150.

Circulating supply is 18,582,933 PBL

45% of total supply is locked for treasury and the team.

Treasury is unlocked within 90 days and the team is vesting its 20% within 5 years proportionately with first unlock happening after 1 year.

EXCHANGES

On Publica roadmap, there was one exchange planned within one month after the token distribution This goal is achieved with Cryptopia. Following requests from the community, we have filed the form to list on Kucoin on 27th of November and will follow their offer.

Further exchanges of bigger volume e.g. Binance will be pursued as a secondary goal and most likely will happen when Publica will create an organic demand for its tokens from the users.

WHAT WAS THE ICO PRICE

Token price at the presale and public ICO
It is USD 0.10 per 1 PBL throughout the whole process.

HOW MANY TOKENS FOR 1 ETH OR BTC?

On each day there was current ETH/USD and BTC/USD date visible at the ICO portal at the moment of contribution.

For example, if you contributed during a day, when 1 ETH was USD 275, you would get PBL 2,750. And on another day, when ETH was USD 325, you would get PBL 3,250.

We wanted to be with the market and make every contributor feel fair. Otherwise, if we would fix, say, 3,000 per ETH it would mean that for some people the price would be higher or lower depending on the day and ETH/USD rate.

WHEN WILL THE PROTOTYPE BE READY?

The prototype is not a functional product at MVP level ready for marketing. It is technical exercise aimed to achieve the overall Publica life-cycle — issuing tokens, running book ICOs, deploying smart contracts, paying for READ tokens in PBL, publishing a book, accessing it being rightful READ token holder and not accessing it once you sell it to somebody else.

We plan to make discovery of technology to be used for each of the components of the system, you check more on the components here (https://youtu.be/dTzGbFx-INg) by the end of December or early January.

WHEN PRODUCT WILL BE READY

The initial roadmap tentatively set the platform inauguration for December 2018. However, we plan to release operational platform components already in the end of Q1. Our rease schedule will match the needs of authors running book ICOs on Publica. Initially, they need only wallets and only later they need Publishing module and token holders will need readers integraeted to their wallets.

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