Varyon is a kind token that will be used as a currency by the Blue Frontiers. It will be a medium of exchange for them to exchange different goods and services. Varyon enables holders to trade products and ventures in the Blue Frontiers biological community, different environments, and between themselves.
Blue Frontiers will solely give products and enterprises in return for Varyon where it is legitimately ready to do seasteads, time such, including – however not constrained to – buy or rental of homes on shares on seasteads, seasteads for inside and out buy, administrations for individuals and organizations situated on seasteads, for example, business enlistment, regulatory administrations, utility administrations, transportation, shipping, benefit industry exercises, and so on.
Pre ICO and ICO process:
Pre-Sale:
Actually before going to the ICO that means public sale, the firm wills sale some tokens as a pre-sale basis. The firm’s soft cap requirement is 4000 ETH. The pre- sale session will continue up to the sale of 4000 ETH or the starting of public sale whichever is earlier. The buyers of the token during the pre-sale will be entitled to bonus that will range from 5% to 15%. But this discount range will vary based on the amount of purchase. If the amount of purchase is between one to ten ETH then there will be 5% bonus. If the purchase is between ten to forty ETH, the bonus will be 10 % and for any purchase above forty, there will be a bonus of 15%.
Public Sale:
Public sale of the Varyon will be started from June. The hard cap requirement for the Varyon is 22,000 ETH. In the public sell session the firm will not provide any bonus to the buyers. So here no bonus will be given for the purchase of the Varyon .
Price of the Token:
Varyon will be based on ERC 20 token. The token will be sold based on the ETH. One ETH will require 14750 Varyon. To participate in the pre-sale and public sale, one needs to have one ETH at least.
Distribution of Funds:
4 to 28% of the Varyon will be allotted foe the publi8c sale, almost 7 to 8 % of the token will be allotted for the pre-sale purposes. To the fund providers of Blue Frontiers 5 to 6% of the token will be distributed. Blue Frontiers team will be entitled to 10 to 15% of the token. For the development, construction and the administration of the seasteads, 45 to 72% will be distributed.
The measure of Varyon (VAR) dispensed to seasteads/SeaZones Construction, Development, and Administration is conversely corresponded with the sum obtained in the general population deal. That is, the more Varyon (VAR) sold in general society deal, the less Varyon (VAR) held for seasteads/SeaZones Construction, Development, and Administration.
Blue Frontiers wants to model the main seasteads with stores raised from the Varyon (VAR) Crowd sale, and to support extra seasteads through deals. The Varyon (VAR) Blue Frontiers holds for seasteads and SeaZones Construction, Development, and Administration will be utilized just as required, with a specific end goal to make seasteads and SeaZones and to fortify the biological system of items and administrations accessible to Varyon (VAR) holders.
For More Info :
ICO Name: Varyon
Website: https://www.blue-frontiers.com/en/
ANN Thread: https://bitcointalk.org/index.php?topic=3708700
