Cryptov8 [CRV8] ICO Overview

Cryptov8 will provide customers engaged in cryptocurrencies with a single place to view their holdings and a single place where they can place trades for a wide variety of coins. Cryptov8 will deliver this capability in two parts:

In the short term Cryptov8 will provide balances to customers in a wallet and integrate to many of the major exchanges so that customers can view their holdings and interact with the market via Cryptov8’s digital solution. Those customers who also hold fiat currency with the bank, once authorised, in traditional accounts will have a single place to view their entire personal wealth across savings, investments (in cryptocurrency or otherwise), current accounts for personal day-to-day transactions, loans and mortgages.

In the longer term it is Cryptov8’s intention to start their own cryptocurrency exchange, allowing customers to trade directly in a wide range of popular tokens or coins at a very competitive cost.

ICO Overview

The token sale will start with a Whitelisting process to gauge demand and register participation intent. All Whitelisted participants will be granted a 24-hour grace period in which to purchase tokens.
Approximately one billion tokens will be minted with 75%/750 million available for public sale.
Soft Cap is set at 15,625 Ethereum and Hard Cap is 156,250 Ethereum. The Hard Cap may vary slightly depending on how many people White List register and the prevailing market conditions.
The new CRV8 token will give bank customers discounts to cryptocurrency related activity and traditional banking services used to support activity in the cryptocurrency market. Customers for example, will be able to use their tokens to offset our charges associated with transfer of funds to fiat gateways such as Coinbase who require SEPA payment and normally attract a fee.
The residual 25% of the tokens created will be allocated on the following basis. 10% as a reserve to maintain liquidity, 10% for the launch and operational team, 2% for advisors and 3% to support the bounty campaign.
A Pre-ICO event will be run for one week with a 33% bonus given to participants at that stage.

The main ICO will be run over two months where bonuses will be granted on a sliding scale during the term of the ICO:
• Period 1–20% bonus.
• Period 2–15% bonus.
• Period 3–10% bonus.
• Period 4 and until the end of the ICO — 5% bonus.
Adjustable Distribution –The reserve of 10% for liquidity is estimated at approximately 100 million tokens. If the ICO is subscribed to upper expectations some of the 100 million tokens may be eligible for release to ensure more subscribers have the opportunity to participate.
Further Token Issues — none currently planned.
Methods of Token purchase — primarily Ethereum contributions via wallets. Bitcoin and fiat currency contributions will also be accepted, but will be dealt with on a manual basis.
Token Activation — tokens will be distributed to contributor’s wallets on payment and activated after the ICO is complete.