Content & Communications
LDC Token Sale Smart Contract Announcement
Dear LeadCoin Community,
We’re excited to announce the publication of LeadCoin’s Token Sale Smart Contract on GitHub: https://github.com/LeadcoinNetwork/crowdsale-smart-contract.
Please note that no information regarding the final terms and timing of the sale is being released at this time; everything released today is subject to change and has been provided for information and feedback purposes only.
Following the high demand for our token sale, we are extending the duration of the public sale to 10 days.
Token Price & Hard Cap
- 1 ETH=15,000 LDC
- Hard cap of $50 million USD
The LDC Token distribution will take place over 10 days starting on March 1, 2018 at 13:00 PM GMT +2 and will be closed once we hit our hardcap of $50M but no later than March 11, 2018 at 12:59 PM GMT +2. At the end of the token sale, the respective set number of LDC Tokens will be distributed according to the schedule below:
- 50% of the total amount of LDC Tokens will be distributed to contributors beginning on March 1, 2018 and ending on March 11, 2018.
- Reserves -30%
- Founding Team - 10%
- Webydo Ltd.- 10%
Note: Crowdsale participants will receive their tokens immediately. Presale participants, the Founding Team, Webydo Ltd. and the reserves will receive their tokens no later than 24 hours after the end of the crowdsale.
As an example:
John contributes 4 ETH and Megan contributes 1 ETH during the crowdsale. 15,000 LDC Tokens will be distributed for every 1 ETH contributed. Therefore, John receives 60,000 LDC Tokens and Alice receives 15,000 LDC Tokens immediately after making the contribution.
Why was the new token distribution method chosen?
- We would like to let a larger group of contributors participate.
We’ve had a number of requests from additional contributors to participate following the end of our pre-sale. Our community has been very supportive of LeadCoin, and we want to give everyone a chance to participate in the crowdsale.
- The LDC Token distribution structure was created to provide a sufficient period of time for people to participate.
We originally intended to keep the crowdsale open for 100 minutes; however, we received feedback from our community that 100 minutes may not give everyone the chance to take part in the crowdsale. It’s very important to us that everyone in the community will have enough time to participate in the crowdsale, and we believe that 10 days is more than enough time for the crowdsale.
Check our smart contract on GitHub: https://github.com/LeadcoinNetwork/crowdsale-smart-contract