Timeline from start of crowdsale to initial buyback of ZrCoin

ZrCoin ICO — timeline and details

The month-long crowdsale will launch on 11 May, seeking to collect a minimum of $3.5 million.

ZrCoin is crowdfunding investment for the construction of a state-of-the-art facility that will manufacture synthetic zirconium dioxide (ZrO2), a key industrial commodity in high demand as a refractory material, especially in the manufacture of ceramics and nuclear reactors. The factory will use an environmentally-friendly process to recover zirconium from industrial wastes rather than extracting it from the earth. The result is not only more ecologically sound, but also more cost-effective and of higher quality than existing forms of zirconium.

Schedule. ZrCoin’s crowdsale will start at 00:01 UTC on 11 May and last for one month, ending at 23:59 UTC on 09 June.

Bonus structure. ZrCoins will be sold at a discount to the market price of ZrO2, and will gradually rise in price over the course of the crowdsale. The discount will start at 50% ($1.40), falling to 44.5% ($1.55) by the end:

· Day 1: $1.40

· Day 2: $1.44

· Day 3: $1.46

· Day 4: $1.47

· Days 5–6: $1.48

· Days 7–13: $1.50

· Days 14–20: $1.53

· Days 21–26: $1.54

· Days 27–30: $1.55

Currencies. ZrCoin’s crowdsale will accept BTC, ETH, ETC, LTC, WAVES and USD.

Token supply. The total supply of ZrCoins will depend on the amount of funding committed at crowdsale. (E.g. if $4 million is raised and all tokens are bought at $1.40, there will be 2.86 million ZrCoin tokens.)

Platform. ZrCoin will be created as a token on the Waves platform. Distribution to investors will take place following a thorough audit after the crowdsale ends.

Escrow. All funds will be held in escrow, using two-of-three multi-sig wallets wherever possible. A list of escrow partners can be found on the ZrCoin website.

Funding targets. ZrCoin aims to raise a minimum of $3.5 million USD. The crowdsale will be capped at $7 million, which would give the company enough funding to build two factories.

ROI. ZrCoin will start buying back tokens at the market rate for ZrO2 — approximately $2.80 — around 8 months after the ICO ends. In the meantime, tokens can be traded on supporting exchanges.

For more information or to register for further updates, visit the bitcointalk thread or www.ZrCoin.io.

Like what you read? Give ZrCoin a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.