Token Sale starts on 14 November, 2017
ST Token Sale Details Please read this note carefully as it provides updated details about the ST sale mechanics. Updated 9 November, 2017 17:00 UTC. This document describes various aspects of the OpenST Token Sale for “ST.” Any updates to this document will be posted on the Simple Token webpage for the Simple Token Sale: https://sale.simpletoken.org ` LEGAL DISCLAIMER: This document is not a prospectus nor a solicitation for investment and it does not pertain in any way to an offering of securities in any jurisdiction. All participants in the OpenST Token Sale must read the Terms & Conditions.
Our goal with the token sale is to get ST into the hands of as many developers and companies as possible -- to kickstart an ecosystem around OpenST. Towards that goal, we have designed the ST sale to accrue more benefits to the community as more people participate in the sale. ST Target activates 20% bonus tokens for everyone. ST Kicker activates 25% bonus tokens for everyone. ST Power activates 30% bonus tokens for everyone.
The sale mechanics and details are as follows: Hard Cap. 240,000,000 ST tokens are available for purchase in the sale, of the 800,000,000 total ST ever minted (finite supply). The USD price per token was set at $0.083333 USD. The ETH price per token is 0.000278 and thus 1 ETH = 3598.214 ST. This was fixed based on the ETH closing price of $299.85 on November 10, 2017 as per the ST Token Sale Terms & Conditions. The Soft Cap is 50,000,000 ST. The soft cap was achieved during a private pre-sale for large purchasers and early member companies. Pre-sale purchasers received an average of 27% bonus (different bonus levels were provided based on purchase size). All pre-sale purchasers shall have their ST released to them 1/12th per month over a 12 month period following the sale. The bonuses for pre-sale purchasers are not included towards the soft cap. The first 24 hours of the sale, from 13:00:00 UTC on 14 November, 2017, the “Early Access period,” is for persons who registered and passed KYC during the early access registration period. 10% bonuses are available for early-access purchasers who complete proof of support or who participate in our #altdrop program. There will be a maximum contribution cap of 40 ETH in the first 24 hours. Following the first 24 hours the max cap per purchaser will be removed.
Token Sale starts on 14 November, 2017
ST Token Sale Details The token sale will end when the hard cap of 240,000,000 purchased tokens (not including any bonus tokens) is sold or at 12:59:59 UTC on 1 December, 2017. If all 240,000,000 purchasable tokens are sold, $20M worth of ETH will have been raised. ST Target: When a total of 100,000,000 ST have been sold, all participants in the sale shall receive an automatic 20% ST Target Bonus on their purchases. The ST Target bonus shall be on top of all other bonuses that participants have earned. ST Kicker: When a total of 120,000,000 ST have been sold, all participants in the sale shall receive an automatic 25% Kicker Bonus on their purchases. The ST Kicker bonus replaces the target bonus. ST Power: When a total of 180,000,000 ST have been sold, all participants in the sale shall receive an automatic 30% Power Bonus on their purchases. The ST Power bonus replaces the kicker bonus. When the sale ends. Bonuses will be paid from any unsold tokens from the 240,000,000 tokens available for this sale. If there are not enough unsold tokens to cover the bonuses, the remainder will come from the reserve for possible future token sales. As example, if all 240,000,000 tokens are sold and 90,000,000 bonus tokens are promised, the reserve for possible future token sales will drop from 17% to 5%. Any remaining unsold tokens from token sale #1 after all bonuses have been allocated shall be burned. Purchased tokens will be distributed immediately upon confirmation of payment and shall be activated within 3 weeks from the closing of the token sale.. Bonus tokens will be distributed within 45 days of the closing of the token sale and shall be activated upon distribution. All purchasers in the first token sale shall receive a 20% discount on any purchases in future token sales, should such events occur.
Token Sale starts on 14 November, 2017
Token Sale Data Sheet SOFT CAP
50,000,000 Tokens
Achieved
TARGET
100,000,000 Tokens
HARD CAP
TOTAL TOKEN SUPPLY
240,000,000 Tokens, $20M in value
800,000,000 finite supply
TOKEN PUBLIC SALE PRICE
Set 10-Nov-2017
TOKEN PUBLIC SALE PRICE (USD)
1 ETH = 3598.214 ST
As per T’s & C’s.
$0.0833
MARKET CAP
ERC20 TOKEN
$66,666,666.67
Yes
MINIMUM PURCHASE
MAXIMUM PURCHASE
0.1 ETH
Day 1: 40 ETH Day 2 - 17: No cap
TOKEN DISTRIBUTION
TOKEN ACTIVATION
Immediate
ASAP, no later than 22 Dec, 2017
Token Sale starts on 14 November, 2017
ST Community Bonuses The more everyone purchases, the more everyone benefits! Our goal with the token sale is to get ST into the hands of as many developers and companies as possible -- to kickstart an ecosystem around OpenST. Towards that goal, we have designed the ST sale to accrue more benefits to the community as more people participate in the sale. ST Target activates 20% bonus tokens for everyone ST Kicker activates 25% bonus tokens for everyone ST Power activates 30% bonus tokens for everyone
Purchased Amount
Community Bonus
Hard Cap ST 240M
30%
Power ST 180M
30%
Kicker ST 120M
25%
Target ST 100M
20%
Token Sale starts on 14 November, 2017
Token Allocation
30%
27.2%
10%
Token Sale
Future Token Sale
240,000,000 ST to be sold in token sale #1, representing 30% of the total token supply.
5% to 17.2% of token supply (depending on bonuses) reserved for future token sales, locked in smart contract for minimum of 6 months.
17.2%
Accelerator Program
Early Backers
27.2% of token supply reserved for grants for promising Branded Token projects and developers building on ST.
5.6% of tokens allocated to early financial backers who supported the project development since early 2016. 3 year vesting schedule.
5.6%
Advisors
Founders
10% of tokens allocated to project advisors. 2 year vesting schedule.
10% of tokens allocated to the Founding Team. 3 to 4 year vesting schedules.
10%
Token Sale starts on 14 November, 2017
Use of Proceeds Sales & Mktg 10% Legal 10%
Security 10%
Accounting 5% Overhead 10%
Technology 50% Admin 5%
The purpose of the first Simple Token sale is to empower an ecosystem and to help finance further development of the Simple Token protocol.
The majority of proceeds from token sale #1 shall go towards protocol and associated software development and ecosystem development.
Other expenses shall include security, legal, and regulatory matters to maintain the integrity of the Simple Token network.
Token Sale starts on 14 November, 2017
Token Sale Key Dates
1 Nov Early Registration Starts Register between 1-13 November to get whitelisted for the Early Access sale on 14 November, 2017.
13 Nov Public Registration Starts Did you miss the early registration period? There’s still time to register for the public sale which starts on 15 November, 2017.
14 Nov Early Access Sale Starts 1-day private sale for early registrants only. There will be a maximum purchase size per person in order to ensure the most people can participate.
15 Nov Public Sale Starts
EARLY˜ACCESS
1 Dec Token Sale Ends The token sale will end at latest at 12:59:59 UTC on 1 December 2017 if supplies do not run out sooner.
Token sale open to the public until all tokens are sold or until 1 December, whichever occurs first. No maximum purchase per person.
Token Sale starts on 14 November, 2017
Important Links TERMS AND CONDITIONS
https://goo.gl/mQMK5R DOCUMENTS
https://simpletoken.org/documents T O K E N S A L E F A Q ’s
https://simpletoken.org/faq/categories/token-sale/
https://t.me/simpletoken