Funds will be held in multisig reserve until all three founders (Fractals, Nagalim, and Mhps) come to consensus on how funds are to be spent.  All of these funds are to be used for realization of the Indicium business proposal and at the discretion of the token holders.


The Indicium price will be formed after the conclusion of series A funding based on the submitted bids.  All series A tokens will be awarded at the same concluding price.  Upon reaching $150,000 of funding, or depending on the current market sentiments, Indicium will stop asking for funds to be sent directly to the above addresses, and will instead begin the process of making a "wait list".  At this point, all those who have pledged but not fulfilled their bid will be added to the beginning of the wait list.  When Series A concludes, bids on the wait list will be totaled and those exceeding $250,000 will not be invited to send funds unless an earlier spot is opened on the list.  We will provide pledgers with 7 days (one week) to respond to our requests for the pledged funds to be sent before we open the spot for the next person on the wait list.  In this way, we hope to reach precisely $250,000 of funding on a first come, first serve basis.


To place a bid in Series A funding please message the @Indicium account here or on the Peercoin forum (https://talk.peercoin.net) with a cryptocurrency amount to be sent (minimum 0.4 BTC and/or 500 PPC), and a Peercoin address that you own to award the IND to.  The Bitcoin/Peercoin price will be chosen on May 24th at 23:59 UTC 2017 no matter what pledges or bids we receive.  This will be done by looking at the order books, last prices, and  24-hour averages on btc-e.com, as we feel it is most relevant to our project, but also heavily relying on other price feeds and/or analysis mechanisms.  Ultimately, the final prices will be chosen by consensus amongst the Founders, who are not exempt from participation in Series A funding.  Please wait for confirmation for your bid from the @Indicium account via private message before sending anything to an Indicium address.  The current state of funding can be seen at the following addresses:

In the extreme event where Bitcoin and/or Peercoin either gain or lose a vast amount of value by May 24th, Indicium will return funds to their sender or the address in the first input to the transaction in question if a sender cannot be identified.  As always, we reserve the right to reject any pledge or bid for any reason and return the funds sent to us.