TowerBee ICO: Launching on 05 May 2018

TowerBee
TowerBee
Published in
4 min readApr 14, 2018

We are delighted to announce the ICO for TowerBee, a SaaS (Software as a Service) company which makes online office tools for doing everyday business. Our existing products / services include Customer Relationship Management (CRM), Human Resources (HRM), Business Email (name@yourcompany.com), E-Mail Marketing, Companywide AV Chat etc.

TowerBee is entering into Blockchain technology and has recently started accepting cryptocurrency as a form of payment besides traditional payment methods (credit card, Paypal etc.).

The TowerBee token (symbol: TBE) would be launched in the ICO. TowerBee token can be used as a form of payment on the TowerBee platform. It goes without saying that users who will pay using TowerBee token will get discounts on the list price.

We have a good news for individuals and businesses who want to accept cryptocurrency as a form of payment. We are also launching the world’s biggest cryptocurrency payment gateway where you will be able to accept 500+ cryptocurrencies with a single API. Our scalable infrastructure and economies of scale will ensure that we will always have the lowest transaction fee for using the cryptocurrency payment gateway.

The transaction fee for using payment gateway is 0.01%, lowest in the world!

Transaction fee reduces to 0.005% when paid using TowerBee token, beat that!

Cryptocurrency is just one of the many services included in the roadmap. The roadmap also includes modules like project manager, accounting, helpdesk, survey etc. that are needed by all types of business and individuals. You will be able to purchase all these using the TowerBee token and also by using other payment methods. However, as already mentioned, you will get discount on the list price when payment is done using TowerBee token.

TowerBee (TBE) Token

TowerBee (TBE) token is ERC20 compatible token and has a maximum supply of 500,000,000 out of which 55% i.e. 275,000,000 tokens will be available in ICO.

There is 30% bonus during first 5 days of ICO where you will get 10,400 Tokens for every ETH.

Initial Token Distribution

· 55% — Available for sale in ICO

· 5% — Referral Bonus

· 2% — Bounty Program

· 1% — Employees

· 1% — Advisors

· 36% — Retained by Company

Sale Proceed Allocation

· 65% — Product Development

· 21% — Data Center Costs

· 5% — Marketing

· 5% — Research & Development

· 2% — Legal Expenses

· 2% — Other Overheads

ICO Date

The ICO will begin on 05 May 2018, 06:30 AM, GMT and will go on till 04 June 2018 or before if tokens get sold out.

There is 30% bonus during first 5 days of ICO where you will get 10,400 Tokens for every ETH.

KYC (Know Your Customer) requirements

Due to regulatory restrictions, not everyone will be able to participate in the ICO. Exact details will be shared in another Medium post. For those who will be allowed to participate, there are 2 levels of KYC.

1. Users with verified Email id will be able to purchase TowerBee tokens of value up to 5 ETH

2. Users who submit Passport, Driving Licence, ID card issued by government agencies etc. can purchase any amount of TowerBee tokens.

Whitelist is already open. Join early to receive 30% bonus.

Useful Links

Website

Whitepaper

Whitelist

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