Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] AVAI Token - first ICO by a professional football (soccer) club
by
SportyFi
on 01/10/2018, 06:39:52 UTC
Quote from: ExchangeMasterCrypto on September 30, 2018, 10:46:33 PM
Quote from: SportyFi on September 28, 2018, 06:10:34 PM
Quote from: GodfatherofAlts on September 28, 2018, 04:29:49 PM
Quote from: SportyFi on September 26, 2018, 01:38:37 PM
SPF price fixed for the AVAI Token presale – almost 10% of the SPF Total Supply may be burned
Only a couple of days left! The AVAI Token presale will be set up as a campaign on SportyCo.net, and will run from September 29, 2018, 12:00 UTC till October 2, 2018, 12:00 UTC. Get ready! And don’t forget to finish your KYC, while you’re at it.

In the presale a total of up to 400,000 AVAI Tokens will be available, at the valuation of $1 US dollar per AVAI Token. As stated in our previous post, we have looked at the price at Etherscan.io at 12:00 UTC on September 26, 2018 and the price was almost $0.029. We’ve decided to give all participants in the presale at least a 100% bonus on the price. We’ll go a bit above that, even.

The price for 1 SPF token in the AVAI Token presale was fixed at $0.03! As promised we are multiplying this price by the factor of 2 and thus getting $0.06. As the price of 1 AVAI Token is predetermined at $1, this gives us the exchange rate of 16 SPF Tokens for 1 AVAI Token.

This makes the max cap of the AVAI Token presale campaign at 6,400,000 SPF Tokens. There’s no soft cap. Participants will receive their AVAI Tokens no later than at the end of the AVAI Token Crowdsale. If the AVAI Token Crowdsale does not reach the soft cap of at least 8,000,000 AVAI Tokens being sold, participants in the presale will receive their SPF Tokens back to their wallets and the AVAI Tokens will not be distributed.

All SPF tokens collected in the AVAI Token presale will be burned after the successful completion of the AVAI Token Crowdsale. This means that up to 6,400,000 of SPF Tokens may be burned in this single transaction.

https://news.sportyco.io/2018/09/26/spf-price-fixed-for-the-avai-token-presale-almost-10-of-the-spf-total-supply-may-be-burned/

Thank you for the info. So avai futbal club is like a campaign on your sportyco platform, but I don't get it they will have their own AVAI token and their own crowdsale not on your platform. What about the contributed SPF will they be changed to AVAI or how will that go ?


The presale of the AVAI token, issued by Avai FC, has been setup as a campaign on the https://sportyco.net platform. Only SPF contributions will be accepted in the presale. All SPF contributed in the presale will be burn't, and yes in return you shall receive AVAI tokens with a minimum of a 100% bonus in comparison to the normal crowdsale, which starts the day after the presale has concluded.

did i read this right. all spf contributed in the presale will be burnt ? How can that happen if you have a certain amount of SPF and that is it... how can you burn more tokens ?

There are only 400,000 AVAI tokens available in the presale. 16 SPF per 1 AVAI. This gives a total of 6,400,000 SPF that can be burn't in total. This is roughly 10% of the total of SPF supply that would be burn't assuming that the presale sells out. Remember, there is no softcap in the presale either.