TIP Token Sale: By the numbers

We have finalized the numbers for our token sale.

Our primary goal was to stay within the previously announced token allocation. In order to do that, we revised the hard cap for our token sale. This is good news, as the revision is a downward revision, and not an upward one. Our new hard cap is 46,450 ETH, revised downward from 50,000 ETH previously announced. The USD equivalent of this varies due to the price volatility in the cryptocurrency market, but as of today (May 24, 2018), this equates to about $27.3 million.

The total supply of TIP tokens is 1 billion. Out of this number, 60% or 600 million tokens are available for purchase by the public. The full distribution of tokens can be found on our website.

TIP tokens are priced only in Ether at the token sale. The base price of our token is 1 ETH = 10,000 TIP. There will be 5 rounds in which prices will increase in every round.

We want to ensure that users are able to buy our tokens at every stage in the token sale. Thus, we have a hard cap in each round of the sale. Once this cap is reached, the Ethereum smart contract managing the sale with automatically close the sale until the next round.

The percentage of tokens to be distributed in each round is as follows:

Seed Round (June 1–15): 4%

Presale (July 13–20): 15%

Crowdsale Week 1 (July 20–27): 10%

Crowdsale Week 2 (July 27– Aug 3): 10%

Crowdsale Week 3 (Aug 3–Aug 10): 10%

Crowdsale Week 4 (Aug 10 –Aug 17): 10%

After the crowd sale ends, tokens will be distributed within 2 weeks of the end of the sale. This is all managed by our token sale smart contract, so distribution will not be a manual process, but mostly automated.

To find out more about our project and upcoming token sale, check us out at tipblockchain.io.