Bluzelle Token Sale Caps and Other Info
A breakdown of the Bluzelle private sale, participant caps, ETH price
We are just two days away from an important milestone in the history of Bluzelle. We are amazed at all the support from the community. It’s been an exciting ride so far. Now that we are here on the brink of our token crowd-sale, we are happy to provide an update and details on final numbers to answer the questions on everybody’s lips.
PRIVATE SALE UPDATE
We reached our private sale target of 60% of the $19.5M hard cap — leading to $12M USD raised thus far.
As stated last month, we did a private pre-sale for strategic buyers. They were selected on the basis of the extra value they bring to building our business, not just for the token sale but for the long term. They are experienced token buyers and crypto funds that we’ve been building relationships with for many months. These groups have been part of many exciting deep tech crypto projects, including Raiden Network, ICON, Kyber, 0x, Zilliqa, OmiseGo and more. They are aligned with the long-term objectives of Bluzelle. They include:
Kenetic Capital | Hashed | Kryptonite 1 | 8 Decimal
We had smaller groups as well, ensuring wider distribution with no one group dominating the others.
PUBLIC SALE
Our objective has remained the same from the start, a hard cap of $19.5M USD and sell 165 Million tokens from the private and public sale.
The number of tokens available for sale to the public community are 37,756,670. (This is after private sale tokens which includes their bonus)
The pegged ETH-USD rate is $1235.98 as of 10AM SGT (2AM UTC) exactly 48 hours before the token sale start. This makes the ETH to BLZ rate: 10,177.
With our token price and ETH-USD rate, we are collecting 3,710 ETH from the public.
PARTICIPANT CAPS
We were blown away by the turnout of our community who got through the KYC stage. After a full audit review on the weekend, it ended at 7400! This was a 90% turn out of the original whitelist that we had to close early on Dec 18. Our goal was to always allow everyone who passed KYC to participate.
Let’s all keep in mind that as ETH price goes up, the ETH cap will go down. The important thing is the hard cap remains the same and the number of tokens sold remains the same.
The individual caps per groups are:
Group 1 — Flash Whitelist of 423 people
0.9397 ETH = 9,563 BLZ
Group 2 — Regular Whitelist of 7050 people
0.4698 ETH = 4,781 BLZ
GROUP 1 AND 2 BUYING TIMES
To avoid any gas war we are giving everyone enough time to fill in their caps over different time periods.
Day 1 — January 18, 2018 10 AM SGT (2 AM UTC) — January 19, 9 AM SGT (1 AM UTC)
Group 1 gets 23 hours to fill in their caps. It should be noted, even if every Group 1 member fills in their cap, Group 2 still has caps to fill on Day 2. There is no way Group 1 can take the entire raise.
Day 2 — January 19, 2018 10 AM SGT (2 AM UTC) — January 20, 2018 9:00 AM SGT (1 AM UTC)
Group 2 gets 23 hours to fill in their caps. Anyone from Group 1 who didn’t fill their cap on Day 1, can still come in Day 2 BUT they will be reduced to the lower cap.
Day 3 — January 20, 2018 10 AM SGT (2 AM UTC) — until close of sale
Any tokens remaining will be available to everyone on a first-come, first-served basis and the caps per person will be HIGHER than the day 1 caps, but will be determined and announced later after 9 AM SGT (1 AM UTC) January 20.
TOKEN DISTRIBUTION
Our primary objective is the long-term success of the business. As stated before, we’ve said that tokens are distributed and transferable within 30 days of closing the token sale. For logistics reasons we will be distributing the tokens as soon as they are purchased so you have them. They will become transferrable as planned within 30 days of closing the token sale.
The token sale is designed to run 15 days until Feb 2. If we close it after, for example, 5 days (Jan 23), then they will become transferable before Feb 22.
Our private sale buyers will have their bonus tokens locked for an additional 30 days after they have become transferable for the public.
So in summary, assuming we are fortunate enough to close the sale after 5 days (Jan 23):
Jan 23 — we close the sale
Feb 21 or before — everyone’s tokens are unlocked and transferable. Private sale buyers bonus tokens locked an additional 30 days.
March 20 or before — Private sale buyers bonus tokens are transferable
BLUZELLE TOKEN SALE SMART CONTRACT ADDRESS
We have set up the Bluzelle Smart Contract Address:
0xbc05e610eaac542bfa64504025413291beb58d36
Make note of this address as this is THE ONLY ADDRESS you will send funds to during the token sale. Any other one is fake. We recommend verifying this address against 2 or 3 of the following:
Bluzelle Vimeo Account: https://vimeo.com/251249941
Bluzelle Twitter Account: https://twitter.com/BluzelleHQ/status/953112973475692545
Bluzelle Telegram Announcement Channel: http://t.me/bluzelleann
Bluzelle Blog: https://blog.bluzelle.com/bluzelle-token-smart-contract-address-1e4de2b3b56f
BEWARE OF SCAMS
IGNORE ANY AND ALL SITES THAT ARE NOT BLUZELLE.COM. THE BLUZELLE ICO IS CLOSED TO ANYONE WHO HAS NOT ALREADY SUCCESSFULLY COMPLETED WHITELIST AND KYC (YOU CAN CHECK ON WEBSITE VIA ETH ADDRESS). THERE IS NO PRESALE. ANY SITE CLAIMING SO IS FALSE. PROTECT YOURSELF. WE WOULD NEVER PM YOU AND ASK YOU TO SEND US FUNDS.
Thanks for joining us on the journey so far. We are as excited as you are and can’t wait for the sale to start.
