Good day everyone,i would be writing once again about this interesting platform,this is a platform i would encourage everyone to participate in,today i would be writing about the following which would be listed below with a very detailed information.
A) TOKEN DETAILS
TOKEN DETAILS
Issuing Tokens
Many corporations that conduct ICO say that they will increase a market share of a specific market through cost
efficiency, which is obtained by reducing commission or they suggest a new data business model while bragging
about their business partnership and mention the possibility of them taking over a huge market. In other words,
they suggest an ideal vision regarding economical profits. However, most of the time, these types of ICO do not
make economic incentives when the lock-up period for token selling is over and tokens are sold after being
listed on the cryptocurrency exchange.
However, we solve the problem which is caused by the original media ecosystem becoming a centralized
governance through a blockchain technology and foster a new media ecosystem. As a result, we suggest a vision
in which everyone can enjoy the benefits.
As the token, which is used as a means for value exchange in the ecosystem that we built, lasts longer and
becomes stronger, its role will become more and more important, and it will be used more.
Through this white paper, we do not make any economic promises about the future of EVE coin or its value,
and unless one exchanges or purchases coins after fully understanding the business characteristic and potential
risks stated here, one should not exchange or purchase EVE coin.
Distributing Tokens
EVE coin, which is the basic trade unit of Every Media blockchain Platform is ERC (Ethereum requests
comments) 20 tokens and total of 100 million tokens are created. Then, they are distributed as follows.
Token distribution.
• Sell 30% to a participant
Sell 10% on pre-sale, sell 15% on main sale, sell 5% on private sale, and sell tokens that are not sold on
each stage at the next stage. Unreleased tokens are incinerated. • Distribute 20% to founder and team
Out of 20%, 10% is distributed after the successful sale of tokens, and 10% is distributed after the main
net open. However, lock-up period is applied to each of them for 6 months. In this way, the long-term
price success goal of project team and token sale participant agrees on.
• Distribute 10% to partner and advisor
It is used for obtaining a strategical cooperative partner, disseminating platform, and the development of
community. 5% is distributed after the successful sales of token and 5% is distributed after main net open.
Lock-up period is applied to each of them for 6 months.
• Distribute 5% to bounty program
Bounty program can be categorized into 3 kinds. First, there is a program that rewards people who provide
ICO review, information, etc. through social media, forum, etc. during ICO period. Second, it is a
translation bounty program that runs a reward program for the translation of white paper, website, and so
on. Third, it is a bug reporting bounty which is a program that rewards a participant who finds a problem
in publicized software and platform.
• Distribute 35% to reserve fund.
Selling tokens
30% of tokens which are created based on the token distribution plan stated above are sold across 3 phases.
EVE sale summary
- Token name: Every Media Coin
- Sign: EVE
- Type: ERC20
- Price: 1 ETH = 2,000 EVE
- Soft Cap: 110,000 ETH
- Donation method: ETH
- Total issued tokens: 1,000,000,000 EVE
ICO will be conducted in pre-sale, main sale, and private sale.
Private-ICO - Hard Cap: 50,000,000 EVE
Pre-ICO 2018.09.17 8:00:00 (UTC+0) ~ 2018.10.16 14:59:59 (UTC+0) - Price: 1 ETH = 2,200 EVE
- Hard Cap: 100,000,000 EVE
- Personal Min. Donation Amount: 10,000 EVE
- Personal Max. Donation Amount: 1,000,000 EVE
Main-ICO TBD - 1 ETH = 2,000 EVE
- Hard Cap: 150,000,000 EVE
- Min. Donation Amount: TBD
- Max. Donation Amount: TBD
- Pre ICO sale period may change later.
- If ICO is under Hard cap, uncollected tokens are disposed of.
- Considering the situation of problems such as loss of wallet after token distribution, maximum 10% of
tokens can be issued additionally
After ICO, token distribution is provided within 2 weeks. If an unexpected technical problem occurs, the
reason and time period should be notified on Every Media blockchain Platform homepage.
Use of Fund
• 60% Research Development
It includes all technology and platform development and operation cost in the white paper. To accomplish
the development roadmap goal and accelerate the process, the fee for hiring a developer and consultant is
included as well.
• 20% Marketing
Marketing budget is used to secure users related to various countries and press, advertisement,
entertainment, and SNS community and is used for the meeting with the related companies.
• 10% Administrative cost
It is used for rental fee of an office, administrative cost such as various utility bills and so on, and for wage
and so on.
• 5% Security
This is used for the cost to obtain an optimal security level, which includes code examination and tests for
all API, smart contract, mobile and PC wallet, application such as CMS and so on, and SDK.
• 5% Law
This includes all legal costs which are needed for the review of law and regulation in the jurisdiction and
for the development and operation of a platform that may be established in that region in the future.
THANKS FOR READING.
To know more about this platform;
visit the website: http://everymediaplatform.io/en/index.html
join the telegram group: https://t.me/everymediaplatform
my bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1070043
whitepaper link: http://everymediaplatform.io/en/whitepaper/EMP_Whitepaper_EN.pdf
facebook link: https://www.facebook.com/official.embp/
twitter link: https://twitter.com/emp_official_tw
Bounty thread: https://bitcointalk.org/index.php?topic=4986481