Escrow is a way of blocking funds allocated in ICO by third-party people until the occurrence of certain specific conditions. Independent escrow person block ETH (money raised in ICO) until compliance with the conditions (obligations) can be verified. The team will not be able to spend the ETH raised during the ICO until the obligations for the development of the alpha version and release a full release of the platform are fulfilled.
Some ETH received in ICO will be frozen by four signatories of famous and well known people from the blockchain industry
During ICO, the company plans to raise and sell the tokens at 15-20 million US dollars. In the first half of the year, the company will only be able to use 50% of the funds collected, but no more than 7-10 million US dollars for the finishing of development and promotion of the platform. The rest of the funds will be unlocked after the Alpha launch and the Release of the platform.
We believe that the large funds collected in the ICO have a negative pressure on the potential growth of the prices of the token in the future.
Tokens left for operations.
According to the calculated budget of the project, the company will need 15-20 (soft and hard caps) million dollars for the first year of operation, development of the platform and its promotion. For future periods of 2-5 years, the team will gradually sell the tokens (operation tokens 20%) as needed in small portions so as not to provoke a fall in price.
This ICO model and finance development of the project will allow to quickly finishing and development of the project and finance project development and promotion in the future.Tokens left for operation will be blocked for at least a year:
After the end of the crowdsale these tokens will be frozen for a year.
All unsold tokens during ICO will be destroyed or burned
Additional Bonus from the amount of purchase