The blockchain is a hype element for all-time high and various people look forward to the first decentralized application to accomplish the market and expand accumulation acceptance. The expression in DAO or the decentralized autonomous organization is no longer obscure as hundreds of concurring teams edifice with the decentralized mutual social news, insurance, and investment platforms, numerous collaboration spaces as well as has a couple of decentralized autonomous space agencies.
DAOstack has been intended to catalyze the expectations of association. It is a platform for decentralized governance that facilitates all the shared information to self-organize around shared goals or values, easily and efficiently. DAOstack is also known as an operating system for collective intelligence, or a Wordpress for DAOs. The ecosystem also ensures a native utility token system called as GEN token.
GEN Token Sale
The major token sale and token generation event has currently been scheduled to begin on May 8, 2018. This will stay put in anticipation of the cumulative donation and expenditure established for GEN amounts to their hard cap or until it reaches to the 30 days, whichever is quicker. Additionally, they have a plan to unwrap a presale of tokens on May 1, 2018. This will be open for those whoever will be at the token sale whitelist as a minimum of 24 hours earlier to that time will have such occasion to present a buying call for the period of the presale.
The presale period will continue for 48 hours and there will be a cap to be broadcasted former to the inauguration of the presale. All the needs can be widely acknowledged throughout the presale and this will be filled during the TGE. DAOstack reserves all the precise to decline any impending customer in its one and only supreme diplomacy. It will be obligatory for all the customers to agree with and should be leap by, the GEN Distribution Terms & Conditions.
Allocation of Token Presale
The buyers of GEN is widely acknowledged on top of the whitelist. It will be certain by the allocation all through the presale equals to the highest amount of ETH receivable during the presale or the “presale cap”. This will be alienated by the number of consumers conventional on the whitelist. The whitelisted buyers will be capable to propel ETH according to the amount they wish to use for purchasing GEN. If the presale cap does not go further than the 48 hour period, then this will have to be accepted and should fill by all presale orders all through the TGE.
If the presale cap goes away from during the 48 hour period, then DOA will fill everyone’s order up to the definite allotment and then it will be divided for all the supplementary allowance obtainable in a pro-rata fashion among the clients who have to some extent discontented from the purchase requests. If still there will be any unused ETH holder, they can follow this process and will receive a reimbursement of that amount in ETH within 72 hours.
Price of GEN Token
DAOstack is selling in total 40 Million of GEN for $30 Million. This includes the entire advances and private purchases, the presale, and the main token sale. The value of GEN will be in USD to be determined by the main token sale and will be considered the number of tokens sold and offered as bonuses during previous sales. The price estimation of GEN in USD will happen during the public sale of the neighborhood for $1.00.
DAOstack mostly emphasizes on the estimation of the actual price of GEN in USD and it may be different significantly from that approximation. The price of GEN in ETH will be calculated based on the ETH-USD conversion rate as well.
FOR MORE DETAILS : https://daostack.io/
DAO WHITEPAPER : https://daostack.io/wp/DAOstack-White-Paper-en.pdf
JOIN COMMUNITY : https://t.me/daostackcommunity
MY ETHER ADD : 0xA831802d8Ee35f3C8b7ac9E42516de1fFCaB8283