We are happy to officially announce our upcoming ICO. We´ve been working on the concept and the prototype of the platform, spending the last three months building up a Token Sale model in which we feel comfortable.
Flixx is an ERC20 standard token. The supply will be fixed at the beginning and no mining — or any kind of token creation — will be possible after the initial contract setup.
As Flixx is a token needed in order to use Flixxo platform, the purpose of the pre-sale is to grant priority and early access to those who participated in the event. Flixx tokens are not an equity representation of the company.
A total of 1,000,000,000 (one billion) Flixx tokens will be issued. A maximum of 300,000,000 (three hundred million) tokens will be sold. Some of these tokens (not more than 33% or 100,000,000 Flixx) may be sold with anticipation of the token allocation event to strategic investors.
Flixxo Token Sale (ICO) will start on OCTOBER 24th, 2017 14:00hs CET.
Crowdsale will run for 30 days.
Flixx price will be set at a fixed rate of 1 Flixx = 0,00025 ETH (1 ETH = 4000 Flixx). Hard Cap is set at 75000 ETH (however with the discounts rates applied on the first days of ICO we expect to have a Cap of around 50K ETH). With that sum we would be able to develop the platform, incentivize the production of original content and deploy a worldwide marketing strategy.
Minimum CAP of 5000 ETH would let us develop the platform, incentivize content and build up a digital marketing and communication campaign. In case of not reaching the soft cap, all the funds will be returned.
ICO Bonus Program
Discounts for early adopters are offered to incentivize participation in the token sale.
Purchases made over the first 24 hours of the sale will get a 30% discount (1 ETH = 5200 Flixx)
From day 2 to 7 — 25%discount (1 ETH = 5000 Flixx)
From day 7to day 14 — 20% discount (1 ETH = 4800 Flixx)
From day 14 to day 21 — 15% discount (1 ETH = 4600 Flixx)
From day 21 to day 30 — 10% discount (1 ETH = 4400 Flixx)
Distribution of tokens
30% of total, Flixx 300,000,000 (three hundred million Flixx) will be sold and distributed over the Token Sale.
10% of total, Flixx 100,000,000 (one hundred million Flixx), will be allotted for the development team and partners, vested proportionally in two years.
10% of total, Flixx 100,000,000 (one hundred million Flixx) will remain for the company (Flixxo Limited, Gibraltar), covering the costs of the Token Allocation Event, advisors, bounty program, and future partnerships with authors. Tokens allocated for partnerships are only intended to be set as a warranty for uploaded content and are not to be cashed out. As authors need tokens in order to upload content, these tokens will be seen as a lean while they earn more tokens from further contributions.
50% of total, Flixx 500,000,000 (five hundred million Flixx) will be distributed in a predefined and regulated manner via smart contract as an incentive for users and contributors to join the platform. Those incentives will decrease to zero over the first ten years and will be given away to users who join the platform and share content, as well as a reward for reaching certain social goals (basically as a way of building a strong community).
Follow the conversation at t.me/flixxo
