Token Creation Event infoToken SupplyCaps: 5 Billion Soft, 12.5 Billion Hard
FUN Creation will end 12 hours after 5 Billion FUN are issued or on July 7, 2017 at 14:00 UTC (2017-07-21T14:00:00Z), whichever is soonest. If 12.5 Billion FUN are issued, the creation period will end immediately.
Please note that FUN created with ERC20 contributions will not count toward the cap many ERC20 tokens are too illiquid to provide fair pricing during a token event.
Token Creation Rate100 FUN will be issued per 1 US Dollar equivalent received
Bitcoin, Zcash, Ether and ERC20 contribution prices will be fixed for the duration of the token event. Finalized prices will be published at or slightly before 1300:00 GMT June 22, 2017.
Accepted CurrenciesETH
BTC
ZCASH
Selected ERC20 tokens (to be announced closer to token event)
Fiat
Bonus structureThose who contribute during the first $5m USD raised will receive up to 50% in additional FUN tokens, as per the table below. Bonus Tranches will be calculated by summing only the Ethereum contributions made to the crowdsale contract. There will be five bonus tranches.
$0 to $1 million: 50% Bonus
$1 million to $2 million: 40% Bonus
$2 million to $3 million: 30% Bonus
$3 million to $4 million: 20% Bonus
$4 million to $5 million: 10% Bonus
$5 million or higher: No Bonus
You can find detailed information about the Token Event in our whitepaper:
https://www.funfair.io/wp-content/uploads/2017/06/FunFair-Commercial-White-Paper.pdf