We have been onboarding experts of DeFi & Crypto industry as our advisors who went through our tokenomics & financials of the company. They were surprised about the fact that we are selling tokens at such a throwaway price when we have strong financial fundamentals. In the USA, a startup with just an idea raises $3-$5 Million from VCs but we have a product that works and hundreds of clients with a minimum projected revenue of $500k+ by end of this year. So it was decided we needed to make changes to the April 14 token sale and whitepaper. This article details what is changing.
Changes in the name of each round
First, we will give a new name to the 4 private sale rounds that have already taken place, as well as the remaining rounds. According to this:
“Private Sale Round 1” to “Clients Round 1”
“Private Sale Round 2” to “Clients Round 2”
“Private Sale Round 3” to “Pre-Seed Round”
“Private Sale Round 4” to “Seed Round”
“Pre-ICO” to “Private Round”
“ICO” to “Public Sale”
1. Change in the price
In the new Private Round (formerly: pre-ICO), the price of a token will be $0.15. Instead of the previous price of $0.08. By raising the price, we do not want to put anyone in a difficult position. Several experts in the industry have expressed their views on the need for a change that will benefit the token and the project in the long run.
Public sales are also changing. This round will take the form of an auction using third party platforms. The starting price of the auction will be $0.20.
The maximum supply remains at 50 million without the company being able to generate more tokens. The capital to be sold in the Client and Seed rounds and in the next Private and Public rounds together will total 25 million, i.e., half of the total supply.
2. What is changing in Vesting?
There is no change in the client and seed circles that have already taken place. So, the vesting is still 25% every month after the token generation event.
This changes to the extent that there will also be a short vesting period when all purchased tokens are not available. 25% of tokens unlock on the day of the token generation event (TGE). Thereafter, an additional 25% each month until all tokens are unlocked.
As for the Public Round (formerly: ICO) it will be 50% open on TGE day and thereafter 25% — 25% will open in the next 2 months.
3. Separate time windows for different buyers
In the private round on April 14, various time windows will be open to token buyers.
Purchasers will be assigned to 3 tiers depending on their previous relationship with the company.
1. Clients of b-cube, who have bought a product of b-cube by 13th of April will be allowed to purchase first by whitelisting their wallets
2. Anyone who has finished KYC by April 12th
3. Everybody else
Private sale (Earlier called as Pre-ICO) will be entirely conducted on the b-cube platform whereas the Public sale (Earlier called as ICO) will be conducted partly on the platform and on launchpads.
4. Liquidity & Listing: Instead of adding $100k worth of ETH, there will be 100 ETH added to the Uniswap LP. Listing will be soon after the token sale finishes. First on Uniswap, then on CEXs also with time.
The design of the original $ 100,000 liquidity pool will change to the extent that the pool will consist of 100 ETHs. Tokens will continue to be listed on Uniswap DEX for the first time, while we are constantly negotiating with CEXs, details of which will be announced later.
Follow the announcements on our Telegram channels. All important information will appear there first.
How to participate?
This article is not a solicitation for French citizens, just a general announcement of the company’s current status.
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