- Donations will be sent to two multisignature wallet addresses, one for ETH donations and one for XEM donations.
- A hard cap maximum of 225,000,000 EQC and 225,000,000 XQC tokens will be sold for each crowdsale, representing 60% of the respective supply for each token. This equates to a hard cap of 56250 ETH for the ETH portion of the crowdsale and 56250000 for the XEM portion of the crowdsale.
- The amount of EQC or XQC tokens ultimately sold will represent 60% of the total respective EQC or XQC supply.
- There will be a 15% token bonus for participating within the first three days of the crowdsale. There will be a 7.5% token bonus for the following week (seven days). After the first 10 days of the crowdsale, there will be no more token bonuses.
- The crowdsale will last 30 whole days, or until the entire token supplies are exhausted, whichever occurs first.
- Tokens will be created prior to the commencement of the main crowdsale. Tokens will be transferred in real-time to contributor accounts after their contribution is received.
- Untransferred tokens from the initial supply not purchased during the crowdsale will be burned.
- The minimum threshold to be met for the ETH crowdsale will be 2000 ETH. The minimum threshold to be met for the XEM crowdsale will be 100,000 XEM. If these thresholds are not met, failure will be declared and existing donors will be refunded.
- The XQC to XEM exchange rate will be at 4 XQC per 1 XEM. The EQC to ETH exchange rate will be at 4000 EQC per 1 ETH.
- The code for the crowdsale will undergo testing and audit by the Ethereum smart contract development firm Zerion and core NEM developers before launch to ensure the security and integrity of the code.
- Resident from the US state of New York and countries sanctioned by the US Office of Foreign Assets Control (OFAC) will be blocked from participation in the crowdsale interface. The OFAC-sanctioned countries to be IP-banned are as follows: the disputed Crimean region, Cuba, North Korea, Sudan, and Syria.
Updated some details in the crowdsale information section. Apologies for the confusion.