ICO overview
The goal of the ICO is to allow users to participate in the development of our platform. The minimum goal in EUR for the project is 500ETH, and the cap is set at 150,000ETH. With maximum founding, we would be able to develop the complete environment we had envisioned. With the minimum raised cap of 500ETH we would be able to develop a basic version of our decentralized file storage technology (dCDN). If we fail to raise the minimum cap, the BTC and ETH will be returned to the corresponding investors wallets. INXT token will be used as a payment method for the services provided in our network. The tokens will be issued according to ERC 20 Ethereum standard. Since the ICO will be possible in both ETH and BTC, users will be assigned IIT tokens (IIT – Internxt ICO token) based on the donation in ETH. For BTC, the number of tokens is calculated by first converting the BTC into ETH, and then the tokens are assigned to the user that made the purchase. 2 weeks after the ICO ends, ICO tokens will be transferable to INXT (Internxt token), at the rate 1:1. Tokens will then be available for the users in their Ethereum wallets, and available on multiple exchanges for users to trade in. In depth guides for buying tokens during ICO, and later exchange of ICO tokens to regular ones, are available on our website, and for any help needed there will be live support during the ICO, and before it starts, though our slack channel. Minimum and maximum amounts of tokens that are sold in the ICO sale can be seen in the table below. For each ETH collected, there will be 300 INXT tokens generated. The number of tokens created for Internxt’s developers and the company is fixed in percentage, and the amount is calculated based on the total tokens created during the ICO sale. These tokens will mainly be used to test the current technology internally. Tokens generated for the team will be “frozen” for 6 months after the ICO sale, since we consider that will be the period that will be needed for the initial technology to be developed and to start getting tested.
Tokens issued per ETH : 300
Minimum ether to collect : 500 ETH
Maximum ether to collect : 150,000 ETH
Tokens generated for Internxt’s team : 2.5% of total sold tokens after the ICO
Tokens generated for Internxt : 5% of total sold tokens after the ICO
Date and Time of start : September 7th 2017, 07.00PM GMT
End Date and Time : September 28th 2017, 07.00PM GMT
Maximum tokens generated : 49,375,000
Maximum tokens sold during ICO : 45,000,000
Maximum tokens for the team, company and bounty program : 4,375,000
Website : https://internxt.io/
