EQUI is an ethereum based project that is bringing Venture Capital investing to individuals. By using a token staking mechanism EQUI will allow token holders to fund projects and be rewarded with 75% of the net profits of the project they stake.
The ICO includes a presale with a maximum bonus of 25%, 6 month lockup and $100k minimum. The presale begins on March 1st. The crowdsale will begin March 15th. The hardcap of the token sale is $81.25 million and there is no soft cap.
A total of 65% of the total EQUI tokens will be sold to the public during the token sale. Unsold tokens will be redistributed with 50% going to crowdsale participants pro-rata and 50% entering into the reserve surplus (for future investments). The token distribution and fund allocation is as follows:
The base price per token at ICO is $0.50. During the presale EQUI will accept USD, GBP, EUR and BTC. During the public tokensale EQUI will accept BTC, LTC, XRP and ETH. The bonus structure for the public crowdsale is time based. Tokens purchased in the first week receive a 15% bonus, the 2nd week receives a 5% bonus and the third week receives no bonus.
There is no cap on presale or individuals. Minimum investment in the public ICO is $100.
Team member tokens will have a 2 year lockup period, partners will also have a 2 year lockup but will receive tokens at 6 month intervals. The founders tokens will have a 6 month lockup.
Marketcap & Token Supply
The project at hardcap would have a marketcap of approximately $81.5 million (162.5 million EQUI) if no additional tokens are released at the time. In the current ICO environment the calculated marketcap is on the high side.
In response to this the team has released a 4 tier fund distribution plan that displays how funds are allocated based on funding levels of $5 million, $10 million, $40 million and $80 million. The scaling structure of fund distribution is an excellent way of showing how the utilization of funds changes with contribution levels.
The total token supply is 250 million EQUI.
We have no idea what marketcap or price EQUI will achieve but do like to compare it to other similar tokens for analytical pleasure.
Social and Hype
The EQUI Telegram group has 1800+ members. The Telegram is increasing in activity and team members including appear to answer questions when the Amazix moderator team need extra expertise.
This crowdsale is not highly hyped in cryptocurrency circles although it has garnered attention from some major media
outlets due to the celebrity status of the co-founders. There has been little to no fud found.
ICO Info Sheet
You came here for ICO information. Here it is in an easy to read format.
Overall
This project is taking a unique approach to crowd funding venture capitalist projects. The idea of staking tokens for a percentage of profit (not equity in a company) is a different take than many current cryptocurrency models.
If you are interested in participating in early stage VC then you should conduct further research on this project and see if it fits with your interests.
For more information visit:
EQUI Website || Telegram || Whitepaper || Bitcointalk Announcement || Bounty
By: larrybabs
https://bitcointalk.org/index.php?action=profile;u=1249538
