CHAR or BCharity token is a fund-raising tool required by the platform to be able to perform its function as a medium charity well. This is not part of charity; charity collection will be done by involving user donations. Users should be able to distinguish between funds needed for development and charity funds. The ICO implemented by BCharity is not a charity fundraiser, but it is crowdfunding to fund platform development.
Initial Coin Offering is the inaugural offering of Tokens to investors, as is the IPO (Initial public offering) in the real world. ICO is offered to anyone who is willing to buy a number of tokens on the business to be developed by a startup. What is a Token? A token is a cryptocurrency developed startup which will be used later as a medium of exchange. Tokens are circulated on a limited and fixed basis.
The startup blockchain that publishes ICO will provide a token to those who contribute. The investor provides funds in the form of Ether / Bitcoin or to the startup, and in return, the investor will get a Token. There are 100 million CHARs made by BCharity and 50% of them will be sold on ICO.
BCharity opens opportunities for any cryptocurrency owner to purchase the token. This platform also allows investors who want to get tokens through purchases using fiat. The flexibility of this purchase aims to make BCharity have more users. More users mean more donations.
When the user buys a number of tokens, the user will send a certain amount of ether on a particular account number; in this case, the account number is the Smart Contract Account. Smart Contracts at any given time will provide a number of tokens according to the ether quantities purchased by the investor.
Presale
The BCharity token will be priced at 0.35 CHAR per token. The Private sale begins on March 1, 2018, to 30 March 2018 with a target of 4 million CHAR. On sales made from April 1 to April 30, 2018, BCharity wants to achieve sales targets of 8 million CHAR. This number is doubled when compared to stage I presale. This stage will determine whether BCharity can continue it's business or not. If not, then BCharity must return all the money already invested to its users. The soft cap of the presale is 5 million dollars.
Main sale
The main sale will only be done when presale sales can meet the soft cap target. The hard cap is $ 35 million; this is a very big number. This target may be difficult to achieve when ETH declines. The token will be priced at $ 1 per token. The main sale will be held on 1 to 30 June 2018.
It needs multiple supports so that non-commercial platforms like BCharity can help many people around the world. Investors should really have a noble heart and a heart to keep the platform as alive as possible. By utilizing technology, people benefit. Technology will also help humans to provide assistance to other humans.
