What is TEC?
Token Exchange Campaign
You may be familiar with crowdfunding, but our Token Exchange Campaign (TEC) is not that. Not is it a traditional investment round.
This is a way of exchanging cryptocurrency for Skelpy’s new cryptocurrency, SKP. The funds raised will be used to deliver proof of concept and contract work.
A new way to crowdfunding
Traditional fund raising often involves either delivery of a specific product (common on Kickstarter-style crowdfunding) by a set date in time or equity stakes via investment. Our Token Exchange Campaign is Skelpy’s route to an Initial Coin Offering.
All Blockchain solutions have a cryptocurrency as part of the technical infrastructure. For Skelpy our SKP control Blockchain is fundamental to all aspects of our business and the solutions we will deliver.
The market sets the price
Cryptocurrencies have a value. That value can go up and down according to many factors and variables. Early blockchain cryptocurrency holders gained large stakes for little effort by being first in the mining route (that is by operating the blockchain at an early stage and processing more blocks, they earnt currency which gives them a higher stake and therefore more blocks to process and so on). A TEC, like ours, gives everyone the opportunity to take a stake.
We are distributing a fixed number of SKP coins — 2 million. The amount of money that we receive through the TEC will be used to determine the value of each token once the currency goes into circulation. So, a worked example would be:
Scenario: Skelpy received 250 BTC and the calculated BTC value of
alternative currencies received is 50 BTC at the end of the TEC.Total BTC value received = 250 BTC + 50 BTC = 300 BTC.
Skelpy Price = 300 BTC / 2,000,000 SKP = 0.00015 BTC
The price of the Skelpy token will depend upon the amount raised during the TEC.
You can participate in the TEC by visiting this link:
