Blockchain-powered news curation platform to open sale of DNN tokens on December 18, 2017
News curation platform the Decentralized News Network (DNN) is launching the private pre-sale phase of their DNN token on December 18, 2017 at 9:00 a.m. (EST). A total of '100 million' tokens will be available for sale during this period, with the phase tentatively slated to come to a close early in the new year.
"We are thrilled to begin the process of launching this important phase of our development as a company and we hope contributors and supporters will take a chance to join our private pre-sale phase," said DNN CEO Samit Singh.
DNN will be accepting ether (ETH), and bitcoin (BTC). Anyone interested in participating in the private pre-sale will be required to sign a pre-sale agreement. In addition, a minimum contribution of 50 ETH is required.
Contributors can send ETH or BTC to the addresses provided to them by the DNN team. Contributors must use a non-exchange and ERC-20 compliant wallet in order to receive tokens. Once the contributor's non-ETH transaction has been confirmed by the DNN team, they will be sent tokens proportional to the ETH value of their contribution directly to their wallet.
For contributions not made in ETH, an average conversion rate between the contributed currency and ETH will be obtained using GDAX, Bitfinex, and Bittrex. This conversion will take place prior to tokens being allotted. Contributors who are interested in purchasing more than €15,000 worth of DNN tokens, will be required to go through a Know-Your-Customer (KYC) process.
For more information, or if interested in purchasing DNN tokens during the presale, contact [email protected] https://crowdsale.dnn.media/
