TRANSCODIUM is a Decentralized Peer-to-Peer Media Editing, Transcoding And Distribution Platform. TNS token is an ERC-20 compliant Ethereum based token which is intended to work on Transcodium network. The token will be a mean of payment within the network.The total supply of the TNS token is 120 million and has a maximum of 18 decimal places. This is a settled supply and will not decrease or increase, the choice of the total supply was made by the Transcodium team and founders.
EACH TOKEN OFFERS THE FOLLOWING RIGHTS TO ITS HOLDER:
Right to transaction : Each token holder holds the right to send or receive tokens between to each other. Tokens can also be sent to the third party to a supported digital wallet.
Right to services : Each token holder holds a right to get the services made available by the company for the token, for example, media transcoding, file distribution etc.
TOKEN SALE
During TNS token sale, purchasers will be provided with the TNS token within two weeks after the finish of Token sale; provided, that this term maybe extended because of unforeseen circumstances. Payment method will be in Bitcoin, Ethereum, or Litecoin or other currency (cryptocurrency) as may be additionally introduced by the Transcodium. The TNS token may be utilized as a medium of payments for services on the Transcodium platform and other Transcodium based products. After token sale and distribution, the TNS token will have an immediate usage on the cloud transcoding platform until the decentralized version of the transcoding platform is completed.
The cloud transcoding platform will stop working after the decentralized transcoding platform is completed and has started production, users and token holders together with their TNS token balance will be migrated to the new decentralized platform automatically to continue usage. All funds received from the sale of TNS tokens will be placed in escrow and will be released to the Transcodium after distribution of TNS tokens to purchasers The presale starts on January 7th, 2018 and closes on February 28th, 2018. During this period early purchasers will be given a discount of 30% for the first 5,710,000 tokens to be sold. Any unsold tokens after presale will be moved to the main Token sale and will have the same extra terms as the main Token sale. Moreover, all the remaining tokens meant for sale after the main token sale will be burned or destroyed. Purchasers will be refunded if the soft-cap isn't reached after the main Token sale. The smart contract will handle all refund operations to purchasers who contributed utilizing Ethereum, for non-Ethereum purchasers, we will manually send the refunds to the addresses from which we received the funds. Tokens reserved for team members will be locked until 3 months after main Token sale. Also, team members will receive only 25% of their tokens after every 3 months interval.
No. of tokens Offer Price
6,680,000 20% $0.300 USD
22,190,000 10% $0.338 USD
25,220,000 5% $0.357 USD
26,600,000 0% $0.376 USD
TOKEN DISTRIBUTION
TOTAL SUPPLY: 120,000,000
Token Sales (72%)
Bonuses, Discounts and Token sale expenses (4%)
Advisors & Partners (4%)
Bounty (1%)
Team Members (10%)
Marketing (Present & Future), Provision of trial accounts for customers and platform testers.
Token Type: Ethereum ERC-20
Compliant Price Per Token: $0.376 (without discount/bonus)
Minimum Purchase: 100 TNS - $37.6
FUNDS ALLOCATION
SOFT CAP: $500,000
HARD CAP : $30,000,000
Project Development (50%)
Company Expansion To Other Countries (3%)
Marketing & Brand Awareness (20%)
Operational Expenses (15%)
Legal & Insurance
Miscellaneous Budget
Visit the links below for more information:
Website: https://transcodium.com/?lang=en
White Paper: https://transcodium.com/files/whitepaper.pdf
Facebook: https://facebook.com/transcodium
Twitter: https://twitter.com/transcodium
Authored by Lelvin: https://bitcointalk.org/index.php?action=profile;u=1275173
