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The token sale information provided below is being circulated by the Po.et Foundation for general information and to invite community feedback only on the Po.et project as presently conceived, and is subject to review and revision by the Board of Directors, the Board of Advisers and/or legal advisers of the Po.et Foundation. No part of these terms is intended to create legal relations between a recipient of this information or to be legally binding or enforceable by such recipient against the Po.et Foundation. An updated version of this information may be published at any time and announced by the Po.et Foundation in due course. Any participation in the token sale will be governed by the terms and conditions of the sale.
Ownership of the Po.et token represents a proportional share of the fees and revenue generated from the commercial applications built on top of the Po.et protocol. Examples of these services include generating content licenses and processing license payments. The Po.et tokens will help incentivize an engaged community of invested content creators, publishers and editors.
Po.et is an open-source project being developed by the Po.et Foundation (Po.et Technologies Limited), a Singapore-based corporation whose mission is to develop and grow the Po.et platform.
The total supply of Po.et tokens is 3,141,592,653.
The Po.et token sale will be held August 8, 2017 at 8:08 am EST.
A private pre-sale was held for early investors who funded the initial development of Po.et.
The Po.et token sale will be accessible via invite code on the Token Sale Portal. There, you will be asked to provide your invite code which will be distributed prior to the token sale through community channels and email. After you enter an invite code, you will be taken to the token portal where you will specify your return address and the number of tokens you wish to purchase. Finally, you will be asked to send funds to a personalized token sale address.
Invitation codes will be distributed through various community channels including our public Slack channel, email newsletter, meetups and other community forums.
Invite codes will be distributed continuously in the weeks leading up to the token sale, please stay involved in our community channels for more information.
There will be a period before the token sale starts during which you will be able to guarantee your participation in the token sale by pre-registering. Once you have an invite code, you will be able to enter the token portal and select the amount of tokens you wish to reserve. Invitation codes will be sent via email 24-48 hours before the sale token portal is live.
100% of the proceeds raised during the token sale will be used to fund the development of the Po.et platform. The majority of the funding will be used to pay developer salaries and bounties for open-source contributions to Po.et.
No, the total supply of Po.et tokens is fixed and there is no continuous issuance model.
The tokens will be distributed within thirty days after the end of the token sale, but there is no lockup period.
The Po.et alpha release is operational and has been hashing documents onto a Bitcoin testnet since January 2017. We recently invited publishers in the blockchain space to become alpha partners.
Bitcoin (BTC), Ether (ETH) and select altcoins via ShapeShift will be accepted during the token sale.
The maximum contribution to Po.et will be limited to ensure that there is a wide distribution of tokens and that one party cannot purchase a significant portion at once.
Any transaction that does not send the exact amount requested will be refunded.
If you sent over the maximum amount and paid using ShapeShift, you will be refunded in Bitcoin (BTC) or Ether (ETH).
Po.et tokens will be priced in ETH at a fixed rate at the beginning of the token sale and this price will remain constant through the sale.
There are no bonuses or discounts available for the token sale.
At this time, investors in the United States and Singapore will not be eligible to participate in the token sale. Participation in the token sale will be subject to the terms and conditions of the sale.
You can use any type of wallet or exchange to send BTC or ETH to the token sale address, but your token receipt address must be ERC20 compatible. ERC20 compatible wallets include Jaxx, MyEtherWallet and Mist.
You must contact the Po.et team about a correction to your address before the token distribution. Please email email@example.com with all information regarding your payment including transaction identifier email, and name.
You can purchase ETH or BTC for fiat on a number of cryptocurrency exchanges, such as Coinbase, Kraken, Gemini, Bitfinex, Poloniex, Bitstamp and Bittrex.
Token Sale Partner
Razorfish, BBC, Samsung
Augur, Blockchain Education Network
Maven, Yahoo, MySpace
Viacom, Fox, Vimeo
Let’s Talk Bitcoin, Tokenly
Bloq, Tally Capital
Proof of Existence, Streamium, Decentraland