The ATS Token: An ICO

What does ATS stand for and what is it?
Authorship Token. The ATS, an ERC-20 token based on the Ethereum technology, is a unit of exchange on a new Blockchain based book publishing system. Authors, publishers and translators are rewarded with ATS tokens in exchange to book sales, while readers are able to spend ATS tokens in order to purchase books.

If you are an Author or a Publisher, this is for you.

What is the price of ATS?
The exact amount of ATS you receive for 1 ETH invested will be determined after the sale ends. The amount will be determined by dividing the 100 Million ATS tokens to the total amount raised in ETH. All investors will receive the same price.
Based on our estimates, we should raise an amount in the $3M-$7M range. This means an investor will receive for 1 ETH invested between 5,000 and 11,000 ATS.
Please find below a calculation as to how many ATS tokens an investors receives for 1 ETH based on the amount we raise.
If we raise $10M (~30,000 ETH) , for 1 ETH invested you will receive 3,300 ATS
If we raise $7M (~21,000 ETH) , for 1 ETH invested you will receive 5,000 ATS
If we raise $5M (~15,000 ETH) , for 1 ETH invested you will receive 6,600 ATS
If we raise $3M (~9,000 ETH) , for 1 ETH invested you will receive 11,000 ATS
If we raise $2M (~6,000 ETH) , for 1 ETH invested you will receive 16,600 ATS
1 ATS will have a recommended starting trading price, through exchanges of $0.15 (15 cents), no matter what amount we raise.
Why we selected this calculation method for the ATS price:
The idea behind this is to stop overselling (a common issue of ICOs). This way, people will stop investing more money into the ICO after a certain point (say after we reach $5M) since they would not receive the same level of ROI if they do.
Our aim is to raise only an amount that allows us to build the platform; not 20 times more cash than we need. When one raises too much money, it does it on investors expense (the tokens will be overvalued, so you’ll see them go down in price instead of going up). By making sure we have that middle limit, we can be sure that both parties win (We, Authorship, can build the platform with the funds we received, and investors earn as well as the tokens can only increase in price thanks to the limited supply). "See figure below."

ICO Open Date
15th Aug
ICO Close Date
14th Sept

Amount Raised to Date
$ 1,295,470
Via
(ETH + Wire transfers + Credit Card payments)

Number of Investors
913

ATS tokens will be listed on cryptocurrency exchanges soon after the ICO is over (14th Sept).

There is a Good News to early Investors aside from acquiring it at a bigger Volume with the same Price; They're also giving away
Free 75 ATS token worth 10$ just for signing up:

Here is a Video from the CEO Nolan Warfield

For More Info please go to the Source: http://authorship.com/contribute/ OR go to this link
http://bounty.authorship.com/ref/A8471673
if you want to sign up and get the free Token

Disclaimer:

"Please note that I am not part of the company, I am also an Independent Investor therefore I do not represent the company or whatsoever. Please understand that in participating in an ICO involves a high risk, just invest what you can afford to loose."

If you like what I wrote please re steem, follow and upvote; A Million thanks to you from @joshvel