What is the current token valuation?
Short answer is that right now it is less than $0.46 USD to get each DIVX token that will later be exchanged for Divi at 1 to 1, the ICO sale now is at this stage:
1 Ether = 500 DIVX + 30% bonus = 650 DIVX = 0.0015384 Ether per DIVX
= $0.46** at US$300/EtherLonger answer below, from the whitepaper, page 16:
https://diviproject.org/files/Divi-WP-Final.pdfDivicoins (DIVI) versus Divi Project tokens (DIVX)
DIVX: Divi Project tokens - These are ERC20 standard tokens issued on the
Ethereum blockchain. We project that there will be around 60-80 million
tokens created through a smart contract during the token sale, but this
depends on when people buy. Divi Project tokens will be automatically
issued to participants through a smart contract and become tradable as
soon as the token sale reaches the cap or the end date, whichever comes
first. Only DIVX will be available during the presale, token sale, and prior to
the launch of the Divi Project blockchain.
DIVI - Divi’s coins will be created and available when the Divi blockchain
launches. DIVI is the native currency to the Divi Project blockchain, and will
be required to set up masternodes and qualify for Lottery Block jackpots.
Redeeming Divicoins - DIVI will become available after the Divi Project
blockchain launch, scheduled for early Q2, 2018. There will be a 60 day
redemption period where Divi Project token participants can stake their
DIVX tokens to receive a 1 to 1 ratio of DIVI. Redeeming DIVI is free, and
TOKEN SALE DETAILS
The Divi Project will sell ERC20 compliant tokens on the Ethereum blockchain
via a smart contract.
• Max 60-80 million DIVX tokens will be created to start.
• Additional tokens, based on 20% of the total sold, will be created
and held by The Divi Project treasury. 10% will be for influencers,
team members, brand ambassadors, mass adoption projects and
incentives.
• Vesting Period: The other 10% (for founders) will vest over 2 years.
• Minimum: 5000 Ether - If for some reason we don’t reach this
minimum target, we will return all tokens to the participants.
• Maximum Cap: 100,000 Ether - If the sale reaches the cap, the sale
will close.
Token Sale (Starting Approximately Nov 8, 2017)*
Phase 1 (Block 4438800 : ~Nov 8 , 2017)
1 Ether = 500 DIVX + 30% bonus = 650 DIVX = 0.0015384 Ether per DIVX
= $0.46** at US$300/Ether
Phase 2 (Block 4496400 : ~Nov 28, 2017)
1 Ether = 500 DIVX + 15% bonus = 575 DIVX = 0.0017391 Ether per DIVX
= $0.52** at US$300/Ether
Final Phase (Block 4554000 : ~Dec 18 2017 - Jan 7, 2018)
1 Ether = 500 DIVX
= 0.002 Ether per DIVX
= $0.60** at US$300/Ether
*These dates are approximates because they are based upon the Ethereum
blockchain's block rate. As of this writing, it's 30 seconds per block. If
that changes, the dates will shift.
Be sure to sign up on our email list to be advised of changes.
You can also check the current approximate dates of the Token Sale
phases at this URL:
http://divi.abax.io/blocktime**This value depends on what you pay for Ether. If you pay less than
$300/ETH it will be less expensive for you, and vice-versa.
DIVX tokens will be burned as part of the process.
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