AppCoins ICO Dates and Token Details
Today, we are happy to finally announce the official dates for the AppCoins main sale ICO, which will start on December 13th, 2017 and end on January 15th, 2018, or until sold out, whichever occurs first. Unsold tokens — if any — will be burned, in order to preserve the value of the token.
AppCoins ICO Tokens
Sale supply: 160,000,000 tokens
Nominal price: 1 APPC = 0.0003339 ETH
Soft cap: $2.5M USD
Hard cap: 60,120 ETH / $15.3M
Token format: ERC-20 Standard
After surpassing our pre-sale goals and successfully raising $1.8 million dollars with whitelisted and eligible investors from all around the world, it is time to open the doors to the public sale and allow everyone a chance to participate in the main event and buy their AppCoins. After so much time developing the AppCoins protocol whitepaper, analysing the token economics, engaging with the crypto community and running our bounty program, we are excited to allow everyone to join the revolution of the app economy.
We are tremendously grateful to our community and early supporters for being so vocal in their excitement about our project. The AppCoins main sale ICO will open on December 13th and close on January 15th.
This is a 100% public sale, meaning that no whitelisting process will be necessary, only the KYC details. During the tokens purchase process, it’s very important that the user has always someone that he/she can speak with in case he/she needs any assistance, so please join our Telegram group for live updates and chat support.
The crowdsale smart contract locked the price of each APPC token will be as following:
1 APPC = 0.0003339 ETH
This calculation was done on November 3rd, 2017 at 11:00am UTC having a price of ETH at $299 USD.
We can only recommend that you purchase ETH as soon as possible in case you don’t have it, to avoid higher investment costs in the future, since analysts predict a continuing rise in the value of ETH.
It is natural that some potential investors may feel in disadvantage for paying more USD for the same amount of tokens than the investors of the pre-sale, where the ETH had less value. However, if those pre-sale investors would keep the ETH instead of investing in APPC, they would have exactly the same amount of tokens, which means there was a cost of opportunity in buying APPC with ETH.
We might set a discount in the first days of the sale. The discount is meant to reward the investors that decided to invest sooner than later. The value of this possible discount is not yet defined and will be announced in the following days.
The sale will close if the hard cap is reached in one of the following ways:
- The 160 million tokens are sold;
2. A total of $15.3m USD at the previous day average exchange rate is reached.
This means that even if there are still tokens available but the $15.3m hard cap is reached, the sale stops and the remaining tokens are burned. In parallel, a proportional percentage of the Foundation, Aptoide, ICO Advisors & Team, and bootstrap will also be burnt. This means that the hardcap is in reality $15.3m, and that value is corresponding to 40% of all tokens available.
Use of Funds Collected
The funds collected during our pre-sale will be untouched until we reach the soft cap of $2.5 Million USD to develop and implement the world’s first blockchain-based cryptocurrency to be used by users, developers and partners alike to enable a transition towards a circular economy where the value that was previously drained by intermediaries, stays in the system. The ERC20 compatible tokens are created over the Ethereum protocol, and can be used as a means of payment on app stores that adopt the protocol.
The ICO is the first step for the AppCoins platform launch. It will provide the necessary funds for the initial implementation and promotion of the platform and to its first release in 12 months.
The AppCoin token will give developers more revenue, all the while allowing device manufacturers to benefit from the app economy for the first time. In addition, users will be rewarded through proof-of-attention, making this a circular economy that can be win-win for everyone involved.
During the crowdsale process there will be an allocation of a part of the total amount of AppCoin tokens. The remaining will be used later on to leverage the bootstrap phase of the AppCoins platform by rewarding users, developers and OEMs; to create the App Store Foundation; to reward key contributors to the ICO and the platform; and Aptoide for the initial support and contribution.
Learn more about AppCoins at: https://appcoins.io
Read the AppCoins Whitepaper at:https://appcoins.io/pdf/appcoins_whitepaper.pdf
Read the AppCoins Crowdsale at:https://appcoins.io/pdf/appcoins_crowdsale.pdf
Talk with us and get live chat support: https://t.me/appcoinsofficial
Follow AppCoins on Twitter at: https://twitter.com/AppCoinsProject
Join AppCoins on Facebook at:https://www.facebook.com/AppCoinsOfficial/
Read AppCoins’ posts on Medium: https://medium.com/@appcoins
See our code and follow the developements of the Protocol: https://github.com/Aptoide/AppCoins-ethereumj
Join the discussion on Reddit: https://www.reddit.com/r/AppcoinsProtocol/