The BXY private sale begins on June 15th, 2018. The public ICO begins on September 1st, 2018 and runs for one month or until sold out. All token purchases will be made with Ether and all payments will be controlled through a smart contract.
- ICO price per BXY: $0.041
The total BXY supply will be 1 billion tokens. 600 million BXY tokens will be sold during the ICO period. The Beaxy ICO will be funded through an Ethereum based ERC-20 smart contract. Any unsold tokens at the conclusion of the ICO will be burnt.
- Soft cap: $4.2 million USD.
*Note: if the minimum goal is not achieved, the sums will be returned to the investors.
- Hard cap: Maximum goal of $19 million USD.
BXY tokens will be transferable on the Beaxy Exchange once the ICO is completed and the Beaxy Exchange is operational. The token supply will be limited during the ICO period. No creation or mining of this token will be available. Again, in the event the ICO fails to raise $4,200,000, all funds raised during the ICO will be refunded via a smart contract.
The Company Shareholders will be entitled to a reserve of 150 million tokens; 100 million tokens will be reserved for advisors and contributors; 150 million tokens will be maintained as a Company reserve. Out of the Beaxy Company Reserve, 1% used for the airdrop (1%) and (4%) for the bounty program.
Beaxy will enforce a vesting period for the company’s leaders and shareholders of 2 years. Payouts will be made in equal installments over the next year.
Advisors and contractors will receive payouts 3 months after the ICO completion that are paid out equally over the next 6 months.
Token sale participants’ lockups will be as follows:
- Seed investors will receive 75% of their Beaxy tokens (BXY) shortly after the completion of the ICO. One month following the initial distribution of participants’ tokens (75%), 1/6th (~20%) will be equally distributed at the beginning of each month for the following 6 months.
- Private investors will receive 75% of their BXY shortly after the completion of the ICO. One month following the initial distribution of participants’ tokens (75%), 1/3rd (~25%) will be equally distributed at the beginning of each month for the following 3 months.
- Crowdsale participants will receive 100% of their BXY shortly after the completion of the ICO.
IT IS IMPORTANT TO REMEMBER THAT
‒ Only ETH will be accepted during the Token sale in order to acquire BXY tokens.
‒ KYC/AML checks will be conducted on all token purchasers during the ICO.
‒ The Private Token Presale will commence before the Public Token Presale.
‒ In order to ensure compliance with local regulations the Token sale will not be open to everyone.
Approximate number of coins in circulation the first 6 months:
- Day 1: ~380,625,000 BXY
- 3 months: ~630,062,500 BXY
- 6 months: ~750,000,000 BXY