Updated: WPR token pricing

Aukse Sia
WePower
Published in
2 min readDec 22, 2017

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Dear Community!

Updated: January 28th: token pricing

Over the last couple of weeks the price of Ether has changed.

As a result, we’ve received many questions from you, our community, regarding the price of the WPR token at the date of our token sale.

When we launched our token sale campaign, the ETH price was around 250 USD and we fixed the token price at 1 ETH — 1000 WPR. However, the ETH price fluctuation requires actions to be taken.

Here is what we are going to do:

1. We want the participation to be available to as many of you as possible. This why we are changing the minimum threshold for participation to 200 USD whatever the price of ETH will be. The previous minimum investment amount was 1 ETH.

2. We want our tokens to be distributed globally. This means that we need to have enough tokens in the system. Our original estimation did not account for such drastic ETH price changes and this is why had a fixed ETH:WPR exchange rate set at a certain level. We are changing this level to 1 ETH per 8000 WPR to account for the ETH price changes.

3. Early contributors! We are thankful that you are here with us. Don’t worry; the rate of exchange would be set to 1 ETH per 8000 WPR with your pre-sale bonus!

Taking this into account, our token supply will be around 200 million. Subject to the market conditions and approaching to our token sale date, we will update our whitepaper and token sale & terms indicating:

  • Total token supply
  • Minimum investment (200 USD)
  • ETH exchange rate: 1 ETH — 8000 WPR tokens

Please note that due to ETH price volatility we might change our position.

However, any changes to the token sale terms will ensure that interests of existing and new contributors are protected. Everyone should have opportunity to join the green revolution and be part of the change.

Thank you all for your support! Let’s talk on Telegram!

Unlisted

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