We have good news! The CoinLoan team have been listening to queries and concerns of the community. As such, we have decided to adapt the distribution structure and business platform to ensure that CoinLoan and investors are in the best position, below are aforementioned changes:
We are reducing total token supply to 22 million and lowering the hard cap to $56 million;
After platform launch, CoinLoan will now burn all tokens redeemed for platform fees;
We have removed token allocation for SCO (Secondary Coin Offering);
We have lowered the token allocation reserved for team and advisors;
Regarding the ICO, we have removed the 1 week timeframe until the price increases to the next tier;
Regarding the ICO, we have changed the structure of token price levels.
Below is information on the total distribution.
Total Tokens Issued: 22M
Tokens Distribution
Above is the new structure and conditions for the ICO
- The price will be increased only after all tokens for the tier will be sold.
- Soft Cap: $3M
- Hard Cap: $56M
- All unsold tokens will be sold on the platform (after launch, on SCO) by price not lower than $10.
- All tokens redeemed for fees on the platform will be burnt.