OTPPAY

davis007 (12)in #ico • 8 years ago

What is OTPPAY ICO Structure?

In order to realize this go-getting project, and bring the working product from concept to market, we gathered an awesome team of diverse experts, from mobile tech, digital payments, finance, crypto markets, UX and business worlds. Together we will leverage our combined experience in other ventures to make this project a reality. Secondly, to attain the project to be fuelled, we came with the below ICO structure and fund allocation strategies.
As per our research, we have planned for 1 Billion tokens allocation, in which 200 million tokens will be kept as reserved with OTPPAY management, which will be diluted according to the needs for the technological development and for the operational expenses.
In order to join our hands with the market leaders, we have allocated 70 million tokens as private investors for business collaborations, industry tie-ups’ and partnerships with disruptive tech firms to attain synergy.
Our ICO will be having three stages, PRE-ICO and ICO first stage & ICO second stage. In PRE-ICO, 3750 ETH worth of tokens will be distributed to check the market response on our project. Once the market attraction ratio crosses our minimum set value, we will kick off the process for main ICO stage 1 in which 37,500 ETH worth of tokens will be issued, in ICO Stage 2we will issue another 30,000 ETH worth of tokens. So on basis of above strategy 600 million tokens worth of 71,250 ETH will be issued during the PRE-ICO and ICO stages. We have referral schemes for which certain tokens will be allocated.
Moreover 111 million tokens will be used for the bonus and the rewardprogrammers to achieve our goals. Finally, 19 Million tokens will be kept for our smart working employees or pillars of organization and for public contributors by means of technology or value-added service providers. To speak on the negative side, the unsold tokens will be burnt at the end of our ICO.
Our token protocol will be ETH, ERC 20. In the process of ICO, unsold tokens will be merged with the private investor’s token allocation to meet the funding gap. We have set the minimum cap & maximum cap of token sale is “1250 ETH” & “71,250 ETH” Respectively.