One of the mostly asked questions is-“What ADAB tokens are used for?”
As any other token, ADAB tokens will be used to access the ADAB account, and will be the form of payment for all ADAB products and services.
Total of 480 000 000 tokens will be issued, this is the technical token emission limit. 72% of all issued tokens will be sold, approximate 345 000 000 tokens. All the unsold tokens will be burnt, by doing so, we will be able to decrease the amount of tokens and it’s supply, resulting an increase in the token price. Which in turn, will positively influence the financial turnover of a company.
Some import dates:
15.08.2018–05.09.2018-Private pre-sale
06.09.2018–29.09.2018-Public pre-sale
30.09.2018–15.11.2018-Crowdsales
While building the internal economies of ADAB Solutions Islamic cryptocurrency exchange, some key aspects of monetary and currency policies should be considered, as well as some external factors, which will influence the token price in turn.
FICE commission fees will be allowed only by using ADAB tokens, which serves as an access key to platform services. Increase in demand for ADAB tokens with an increase in trading amount and additional product launch-will increase the cumulative transaction amount, which also influences the changes in token price.
Commission fee, paid in ADAB tokens, is the base for the FICE revenue, which is addressing the ADAB Solutions interest in the support of sustainable token rate and liquidity. That’s why, 10% of tokens, received as a commission fee will be burnt to support the token deflation, without being returned to the turnover. This allows to gradually decrease the total token amount in a turnover, which will lead to the forecasted token increase rate. Burning the tokens will be continuing until 50% of the first emission will be repaid. Other tokens will remain in the turnover and to provide the internal exchange turnover. Out of 480 000 000 tokens issued (this is the technical token emission limit), only 72% is going to be for sale, resulting 345 000 000 tokens. Those 72% of total token amount will be sold to pre-ICO and ICO participants.
Official FICE launch will be held on the May of 2019(according to the project road map).
Tokens purchased by pre-ICO and ICO participants will be frozen, and unlocked by the official launch of FICE platform, May 2019.
ADAB Solutions will be focusing on providing solutions and the FICE exchange functions, which will be quickly and effectively implemented, increasing the value of ADAB tokens.
ADAB Solutions will provide tokens to participants, who will but them until the 30th of november 2018, as soon as information will be provided by those participants. ADAB token distribution will be arranged up till the 1st of december 2018. Distributed tokens will be deactivated, and couldn’t be used or exchanged. Tokens will be unlocked due to the official launch of ADAB Solutions FICE platform.
ADAB tokens will be distributed during the ICO stage, but will be frozen until the official launch of the platform. The first and the only token sale will be conducted during the ICO and will be the pre-sale of ADAB Solutions product and service access key.
Tokens will be sold in three stages: Private pre-sale, Public pre-sale and crowdsale
Additional bonuses are considered for pre-ICO and ICO participants. Bonus tokens will be locked till the official launch of FICE platform as well.
If the hard cap level of $18 700 000 is being reached, the project stops the sales. All unsold tokens will be burnt.
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