LevelNet ICO. Fund Distribution.

in #bitcoin3 years ago

All raised funds shall be divided into funds that will be spent for the following stated purposes. The funds are established from the money raised. The raised capital will be divided among the following funds:

2017-10-06_212859.png

The establishment of the funds depends on the the amount of issued tokens that are sold:

dsfad.jpg

Buyback Fund

This fund’s objective is to buy back tokens from the market. The Buyback Fund fund is created at the expense of investors.
This fund’s size is dependent on the number of tokens sold during the TOKEN OFFERING. The fund’s formation algorithm is as follows:

2017-10-06_213324.png

Each of the fund’s assets are deposited in Escrow. For the automatic depositing of funds, this Fund is regulated by the code section of the smart contract.

All this fund’s assets are used for the buyback of tokens at market prices, according to the above rules described in the Buyback Fund.

MoneyBack Guarantee Fund

This fund is formed at the investor’s expense. The Money Back Guarantee Fund’s size depends on the number of tokens sold during the TOKEN OFFERING. This fund’s formation algorithm is as follows:

2017-10-06_213501.png

All of this fund’s assets are deposited in Escrow. For the automatic depositing of funds, the Fund is regulated by the code section of the Smart Contract.
All of this fund assets are for a one-time payment, according to the rules described in the Money Back Fund.

Development & Implementation Fund

This fund objective is the development, administration and management of the LevelNet project. A more detailed description of the fund’s expenditures can be found here. The fund is created at the expense of investors. This fund’s size is dependant on the number of tokens sold during the TOKEN OFFERING. This fund’s formation is as follows:

2017-10-06_213640.png

The algorithm is calculated in such a way that as more tokens are sold, the less money remains in this fund. This algorithm is structured in this way to give the LevelNet project a reasonable financial valuation for this round.

Operations Fund

In order to increase the success of the TOKEN OFFERING, LevelNet has completed agreements to allocate commission fees to our partners:

2017-10-06_214313.png

All other expenses, connected specifically to legal services, PR, SMM, development, and technical support will be carried out at the time of the TOKEN OFFERING this is at the expense of LevelNet founders. Expenses related with future uses are covered by the Development and Implementation Fund.

Reserve Fund

The purpose of this fund is to cover common losses if there is an absence of other possibilities for their coverage. In such an event the covering of such losses an interest payment of 5% per annum may be paid to token holders in the case of failure of the issue and exchange of tokens for shares. The fund is formed at the expense of investors. The size of the fund depends on the number of tokens sold during the TOKEN OFFERING. The fund’s formation algorithm is as follows:

2017-10-06_214418.png

Token properties

2017-10-06_214709.png

Security

The token code that is used is well tested by multiple ICO’s, including Polybius , TaaS and Propy .

In the case any bugs are discovered, the EToken protocol allows for easy migration of the contract logic to a newer version without any actions required from the users.

Pricing

To incentivize the acquisition of tokens by early investors LevelNet has developed a flexible pricing system described below. This also allows early investors to achieve subsequently higher margins. The duration of each token pricing scheme will last as long as the allocated period for each round, or the duration of the token pricing will transition when the sale of all tokens allocated to that round is completed, whichever end state occurs first:

2017-10-06_214925.png

Pre-Sale Conditions

The minimum amount of a token purchase during the Pre-Sale phase is $25k in the equivalent of the BTC and ETH cryptocurrency, taking into account the following conditions:
● from $50 000 and above - with 40% discount;
● from $25,000 to $50,000 - with 30% discount.

Follow us on social media to get the latest updates and company news:
https://www.facebook.com/levelnetwork/
https://www.instagram.com/levelnetwork/
https://twitter.com/LevelNetwork
https://medium.com/@LevelNetwork
https://www.reddit.com/user/LevelNetwork/
https://steemit.com/@levelnet/
https://www.linkedin.com/company/10879121/
https://vk.com/levelnet
https://t.me/levelnet_ico
https://bitcointalk.org/index.php?topic=2212642