In this article, we would like to share some important information regarding Edenchain Crowdsale.
Crowdsale Start Date — 24 May 2018 (7.00am UTC)
ETH peg rate — Pegged on 23 May 2018
Bonus — None
Lock-up — All tokens will be locked until 1 day before exchange listing. After exchange listing, tokens will be distributed evenly over 5 months (20% distribution per month)
Round 1 (GUARANTEED ALLOCATION FOR WHITELISTED PARTICIPANTS)
24 May 2018, 0700 to 1900 UTC
Minimum Contribution: 1 ETH
Maximum Contribution:1 ETH
After Round 1, if there are any allocation remaining, the team will make an announcement of the total allocation left, and all whitelisted participants can contribute in Round 2 again.
Round 2 (FIRST COME, FIRST SERVE BASIS FOR WHITELISTED PARTICIPANTS ONLY)
25 May 2018, 0700 to 1900 UTC
Minimum Contribution: 1 ETH
Maximum Contribution: 3 ETH
Unsold tokens — Burned
Contribution address — The two rounds will be conducted in two separate wallets. A video of James Ahn will also be published to verify that the wallets belong to Edenchain.
Telegram chat (https://t.me/edenchainio) — Will be muted during the crowdsale
Edenchain crowdsale will be conducted using an API. This is a beta product that will be further enhanced to include more features. Key benefits of using such an application is that it reduces exposure of ICO participants to smart contract vulnerabilities and lower cost of conducting an ICO. Such a process makes it cheaper for companies looking to conduct their own ICOs.
Steps for contribution:
- Login at https://edenchain.io/tokensale/ using your email address and ETH address. (It is important that you check that you are able to log in prior to crowdsale)
- The webpage will inform you how much you have contributed and how much you can contribute.
- Send ETH to the contribution address.
- After the tokensale, you will be able to login to https://edenchain.io/tokensale/ again to see how much contributions had been successfully sent from your address.
IMPORTANT NOTE: ETH THAT IS SENT BEFORE 24 MAY 0700 UTC WILL BE REFUNDED AUTOMATICALLY. ANY EXCESS ETH SENT, ABOVE INDIVIDUAL CONTRIBUTIONS WILL ALSO BE REFUNDED AUTOMATICALLY. ETH SENT THAT DOES NOT MEET THE MINIMUM CONTRIBUTIONS WILL ALSO BE REFUNDED.
All transactions must be sent within 1 transaction (i.e. you cannot send two transactions of 0.5 ETH each).
On the website, there will be a video of our CEO, James Ahn, who will show the first 4 and last 4 characters of the wallet to send the contribution address to. All whitelisted participants in this round are to send exactly 1 ETH. The video will also remind you that you must send exactly 1 ETH.
Tokens will be unlocked 1 day before exchange listing and Edenchain will disburse tokens automatically to successful contributors.