Today we are excited to provide further details on our coin offering and ESS token distribution. This is the first of many announcements to come so please stay tuned for updates in the coming months.
We’ve been amazed with the incredible response to Essentia over the last few months. We greatly appreciate the thoughtful feedback and advice we’ve received from our community.
We are pleased to set our Crowdsale Hard Cap at $32 million USD. The token distribution will be as follows:
60% to crowdsale
10% to founding team
10% to advisors
10% as project reserve
5% to team and developers
5% to bounties and promotions
Of which
3% for referral payouts
0.8% for airdrop
1.2% to bounties
Tokens distributed to the team and developers will be locked for 18 months with a 6 month cliff. Depending on each case , tokens distributed to advisors will be locked between 6 months and 1 year.
More details about our business plan and intended use of revenue mention in this article . Investors from the United States and China will not be accepted.
ICO prices
The ETH:ESS ratio at 1 ETH to 8000 ESS (based off current exchange rates, subject to fluctuation).
We only accept ETH, we will fix the ETH/USD and exchange rates based on the price of ETH on GDAX at the moment of the start of the first phase of our ICO.
What happens now?
A whitelist will be published soon, visit www.essentia.one in a few days to check your whitelist status using the email you used to register.
If you are not on the whitelist or you didn’t register during our previous Alpha round, wait until it will be active again on our website to do it — essentia.one
For further details including the ICO date, presale bonuses and whitelisting, keep an eye on our blog for updates!
Connect or Contribute
Telegram: https://t.me/essentia_one | Twitter:https://twitter.com/Essentia_One | Website: https://essentia.one/ | Whitepaper: https://essentia.one/whitepaper.pdf | BitcoinTalk: https://bitcointalk.org/index.php?topic=2704531.0