SafeCrypt.io Initial Coin Offering

SafeCrypt.io
safecrypt_io
Published in
2 min readFeb 16, 2018

Initial Coin Offering (ICO) is a means of crowdfunding via use of cryptocurrencies.

During ICO newly issued crypto tokens are sold to investors in exchange for cryptocurrencies such as BTC and ETH in order to raise capital for further development of the issuer’s project. A number of ICO tokens issued is limited by the issuer.

A crypto token is a cryptocurrency coin. It acts as a symbol of ownership interest in an enterprise, a digital stock certificate that can be traded.

Token Creation

For the purpose of ICO SafeCrypt.io issues a total of 1,535,714,285 of SFC (SafeCrypt.io Tokens). A maximum of 1075m SFC will be publicly availabale for purchase. All tokens sold during the ICO will be distributed to investors’ ETH wallets as soon as the ICO ends.

Unsold tokens will be burned.

The tokens can be purchased with 44 different cryptocurrencies, including ETH, BTC and ERC 20 tokens (see the full list in accepted currencies section of the Whitepaper).

Token Distribution

The chart below shows the SFC token distribution among stakeholders in precise proportions:

Funds Allocation

30% of total funds raised during the ICO are reserved for the circulating supply. The following chart illustrates how exactly and in what proportions SafeCrypt.io will allocate the rest of the funds raised during the ICO.

Legend:

Some expenses may vary in proportions, depending on the exact amount of tokens sold during the two phases of SafeCrypt ICO. The Chart is built upon the numbers estimated on the basis of a successful sale of all tokens publicly available for purchase (1075m).

For more details, please refer to our Whitepaper.

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SafeCrypt.io
safecrypt_io

A fail-safe by design next-generation cryptoexchange.