Our presale will issue 8.5% of the total supply with the intentions to use the collected funds for the expansion of the Otcrit team of developers and analysts, as well as finance our marketing strategy and legal costs. The presale event will have the following rules:
1 ETH = 5000 OTC tokens
First week bonus: 20%
Second to third week bonus: 10%
1 ETH = 5000 + 20% bonus (1000) = 6000 OTC tokens during the first week
1 ETH = 5000 + 10% bonus (500) = 5500 OTC tokens after the first week
End of the presale: 15th of March 2018
Token supply: 100m
Distributed to the public: 70%
Tokens for DEX research, future development, etc: 5%
Advisors and partners: 7%
When is the start of the presale?
The presale will start on the 15th of February 2018 at 18:00 Berlin Time (GMT+1). Make sure you follow the instructions on our website and only send ETH from your private wallet, and not from any exchange.
What is the presale hard-cap and minimal investment?
The hard-cap of the presale will be 1500 Ether, and not more than 8,5m tokens will be sold. The minimal investment is only 0.05 ETH and the maximum amount of Ether a single investor can send is 300 ETH.
Is there a bonus for the pre-sale?
The bonus for the first week will be 20% and 10% until the end of the presale.
What is the total token supply?
The total supply is 100m where 83% will be distributed to the public. Our main sale and pre-sale will collectively allocate 70% of the tokens and 8% will be sent out in bounties. Additional 5% of the supply will be locked in a multi-signature wallet for future research, DEX development, education, and industry expansion, more business partnerships, etc. Otcrit considers that giving away such a big portion of the total supply to our participants is a sign of transparency and trust between both parties.
Is the OTC an ERC20 token?
Yes, you can safely keep your tokens in any ERC20 compatible wallet.
What is the OTC token used for?
Our token can be exclusively used in our system. It has purchasing capabilities, it gives our token holders ETH rewards, it can be used for hiring experts, requesting reports and analyses. The Otcrit exchange users can pay fewer fees if they pay them in our token. Companies can take advantage of our benchmark services using our token.
Who can participate in the presale?
Anyone, except citizens of USA, Singapore and the People’s Republic of China.
When does the presale end?
The presale will last one month and will end on the 15th of March 2018 or when the hard cap is reached.