The NeuCoin Project commenced a sale of 100 million NeuCoin cryptographic tokens in exchange for Bitcoin on Tuesday, April 28, 6pm GMT. The presale will end when 100 million tokens have been sold, lasting a maximum of 60 days.
Price for unrestricted NeuCoins
The price started at 25,000 NeuCoin tokens per Bitcoin (less than $.01 per NeuCoin) and will increase by 1% per day. This price is less than two times the price paid over the past year by NeuCoin’s strategic angel investors. However, all the NeuCoin sold to angels and retained by the NeuCoin Project team can only be sold or used at the rate of 2%/month during the first year after launch, 3%/month during year two, 4%/month during year three, 5%/month during year four, and 6%/month during year five. These re-sale restrictions were put in place to ensure that the project team and strategic angels are committed to the successful development of NeuCoin over the long term. All NeuCoins sold in the presale will be free of any re-sale restrictions.
Purchase limits to protect small buyers
For the first 50% of the NeuCoin tokens offered in the presale (50 million coins), purchases are limited to no more than 5 million NeuCoins per registered buyer. After the first 50 million coins have been sold, the purchase cap will be lowered to 1 million NeuCoins per registered buyer. Should demand be very high, this cap might be lowered even further.
Proceeds refunded if launch does not occur by September 30
All proceeds from the presale will remain untouched at this publicly visible and verifiable address: 3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH until the NeuCoin cryptocurrency is created and launched, expected to happen in July 2015. If the creation and launch for whatever reason does not occur by September 30, all presale purchases will be refunded.
Proceeds used to increase utility and value of NeuCoin
Following creation and launch, all proceeds will be distributed among NeuCoin’s three Isle of Man-based, non-profit foundations - the NeuCoin Code Foundation, the NeuCoin Growth Foundation and the NeuCoin Utility Foundation - and will be used, along with cash remaining from NeuCoin’s strategic angel round, to fund core development, consumer marketing and projects that increase the utility of the decentralized cryptocurrency, including platforms for micropayments.
Tokens delivered on day of launch
Your acquired NeuCoin tokens will be delivered on the day of launch of the NeuCoin cryptocurrency, which is scheduled for July 2015. You will be notified and able to claim your NeuCoins on NeuCoin’s online wallet MyNeuCoin.com, where you can either open an account and have PoS mining done for you, or if you prefer, set up your wallet on your own computer.
The NeuCoin Project commenced a sale of 100 million NeuCoin cryptographic tokens in exchange for Bitcoin on Tuesday, April 28, 6pm GMT. The presale will end when 100 million tokens have been sold, lasting a maximum of 60 days.
Price for unrestricted NeuCoins
The price started at 25,000 NeuCoin tokens per Bitcoin (less than $.01 per NeuCoin) and will increase by 1% per day. This price is less than two times the price paid over the past year by NeuCoin’s strategic angel investors. However, all the NeuCoin sold to angels and retained by the NeuCoin Project team can only be sold or used at the rate of 2%/month during the first year after launch, 3%/month during year two, 4%/month during year three, 5%/month during year four, and 6%/month during year five. These re-sale restrictions were put in place to ensure that the project team and strategic angels are committed to the successful development of NeuCoin over the long term. All NeuCoins sold in the presale will be free of any re-sale restrictions.
Purchase limits to protect small buyers
For the first 50% of the NeuCoin tokens offered in the presale (50 million coins), purchases are limited to no more than 5 million NeuCoins per registered buyer. After the first 50 million coins have been sold, the purchase cap will be lowered to 1 million NeuCoins per registered buyer. Should demand be very high, this cap might be lowered even further.
Proceeds refunded if launch does not occur by September 30
All proceeds from the presale will remain untouched at this publicly visible and verifiable address: 3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH until the NeuCoin cryptocurrency is created and launched, expected to happen in July 2015. If the creation and launch for whatever reason does not occur by September 30, all presale purchases will be refunded.
Proceeds used to increase utility and value of NeuCoin
Following creation and launch, all proceeds will be distributed among NeuCoin’s three Isle of Man-based, non-profit foundations - the NeuCoin Code Foundation, the NeuCoin Growth Foundation and the NeuCoin Utility Foundation - and will be used, along with cash remaining from NeuCoin’s strategic angel round, to fund core development, consumer marketing and projects that increase the utility of the decentralized cryptocurrency, including platforms for micropayments.
Tokens delivered on day of launch
Your acquired NeuCoin tokens will be delivered on the day of launch of the NeuCoin cryptocurrency, which is scheduled for July 2015. You will be notified and able to claim your NeuCoins on NeuCoin’s online wallet MyNeuCoin.com, where you can either open an account and have PoS mining done for you, or if you prefer, set up your wallet on your own computer.
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