Understanding simplyBrand’s token sale conditions.
Introduction
One of the innovations that blockchain technology makes possible, is for new projects to find alternative ways to receive their necessary funding without having to use the traditional financial system. When a new blockchain project is created, having a token sale or ICO (initial coin offering) is one of the most practical and straightforward ways to allow the market participants to pour money into the project if they think it is worthy and has potential, and this is funding is achieved without ever touching fiat money, only cryptocurrencies, which makes it much more efficient and fast, allowing for further innovations and new platforms to be developed at a rapid rate.
SimplyBrand, as I have explained before is a blockchain project planning to create a new platform that will provide aid in the global fight against counterfeit product in digital commerce, and given the fact this initiative is quite new, it currently has an ongoing token presale with some interesting conditions for its participants.
First Mover Program
SimplyBrand’s token sale is structured with different stages, there are 14 of them in total, but only those who participate in the first 11 stages would be able to receive bonuses.
These bonuses will be awarded to the first participants of each stage, and it would be calculated depending on the how much each user invested in the first place. The bonus for each stage consists in an already predefined number of ETH, and it will be distributed in proportion to the amount invested by those first users, this means that a user who invested more, will be awarded a bigger proportion of the corresponding bonus.
Specific conditions for each stage can be seen in the image below:
This type of bonus can clearly be enough encouragement to convince more users into participating in this project, because apart from receiving potential profit from getting involved with a platform with so much potential, there is also the possibility of being one of the lucky ones enjoying a bonus.
However, this is not the only way in which simplyBrand is trying to encourage participation, because there are 2 other programs that are explained below.
Referral Bonus Program
Every participant in the presale has the opportunity to refer other people and be awarded for doing this, but in order to actually receive this bonus, the user needs to make sure that his referral number is used when another person is investing in the sale, if the referral number is in fact used, then simplyBrand will give 1,000 SBA tokens (these are the tokens used in the simplyBrand’s platform) as a reward.
This will certainly encourage participants in promoting and letting other people know about the potential this project has, but the next program is even more rewarding, but also more demanding,
simplyBrand Ambassador Program
This program is actually quite simple to understand, and it is related to the “Referral Bonus Program” that was just explained.
Basically, the 100 people whose referrals contributed the most money, will be able to become ambassadors and based on how much money was raised for the project, they will receive their bonuses proportionally. In the image below we can see how the money raised affects the size of the bonus the ambassadors will get:
These are all the programs simplyBrand has to encourage its participants in promoting the project, so hopefully, the platform can be developed in a successful way.
Token flow
Token Allocation
Fund Allocation
Conclusion
The competition in the blockchain industry is fierce, and proper strategies are necessary to gain the market’s attention, so the project can receive the funds it needs in order to begin the development of all of their ideas.
This is the reason why simplyBrand has programs that are designed to encourage the active participation thanks to the extra incentive of enjoying some bonuses.
The presale is still active and for those interested in participating, you can do so by visiting this website.
DISCLAIMER
The information contained within this post shall not be taken as a financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article is for educational and entertainment purposes only.
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