Let's talk about Avatz token - Virtual 3D Web ICO 2018

Fuel for the 3D Web ecosystem

The Avatz is our platform specific utility token and is the fuel that drives the Virtual 3D Web. 

It will be used throughout the many environments of the Virtual 3D Web universe as the primary transaction vehicle for the purchases of goods and services from vendors as well as trading and exchange between users. It will also be the means through which Creative 3D Web receives payment for revenue generating activities such as a business renting space for a virtual store or location on the platform or buying in-world advertising space. The wide range of uses for Avatz will promote a growing economy with consistent circulation and demand for the token.

Allocation of Avatz Tokens 

We will create 500 Million Avatz Tokens. These will be issued once the crowd sale is completed. The 30% discount will be available for pre-sale on 27th August. Avatz Tokens can be purchased with ETH and fiat. All funds will received by Creative  3D Web and held in an ETH wallet. Once the ICO is completed, it will be possible to get tokens out – they will become available for trade on major cryptocurrency exchanges in due course. 

Distribution of Avatz Tokens 

Total of 500 Million Avatz tokens will be created and allocated as follows:

• 50% will be for crowd sale participants.  
• 25% will be retained by the 3D Web platform as reserve for marketing, platform partnerships, employee expansion, and future development over the next 5 years. 
• These tokens will be held in an ETH wallet. This reserve pool will be locked for 1 year. 
• 25% will be for our Rewards Pool system. 
• Avatz tokens will be distributed no later than 4 weeks after the end of the token sale. 

Gamification and Token rewards 

Each time a user reaches a new level, participates in the advancement of the platform or takes part in any in-world enhancement we will seek to incentive those users through the distribution of tokens from the Rewards Token Pool.  The idea of this pool is to establish a mechanism that will promote the development and wider usage of the Virtual 3D Web and provide an impetus for users to interact with the platform on a regular basis. One type of event that will trigger token release from this pool to reward a user, is a user reaching a certain level of platform usage based on the amount of time a user is online and engaging with the platform content. Another example of user behavior that would be rewarded is user participation which, could include attendance at community based or “town hall” meetings or participation in important research initiatives or product/brand focus groups. Rewards can also be given to users for certain gaming achievements such as leveling up or unlocking content.   

 ICO Schedule
Official date for pre-ICO is August 27th 2018.
The main ICO — October, 2018 — the official is going to be announced in upcoming days. 

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