DistributionThe entire token distribution will be 8,888,888,888 SPX of which 3,655,555,558.4 (41.125%)
will be in the form of token sale and 3,455,555,552 (38.875%) will be given as a jackpot to those who have participated in the “token sale” rounds.
The rest of the tokens 1,777,777,778 (20%) will remain with the team.
Tokens that remain with the team and the Sp8de Foundation might be locked for a period of one year after the ICO.
The SPX ERC-20 token will be distributed to all participants in the ICO after the end of the ICO itself.
Pre ICO Tokens will be called DSPX (for regulation reasons)
ICO Tokens will be called SPX.
After the Tokens will fully distributed all DSPX Tokens will become SPX
CapA soft cap of US$4,000,000 (four million) is set and the hard cap is 49,033 ETH.
Timeframe & Schedule
The token distribution begins on Monday, January 08, 2018 and ends on Sunday, March 11, 2018 and is scheduled as in the manner illustrated in Table 4 below. The Pre-Sale lasts for 24 days while each Sale phase will be seven days followed by a Jackpot that is distributed entirely within a single day after every Sale.
Sale Stages & Jackpots
The token distribution will be made in accordance with the following exchange rate of SPX for 1 ETH:
In addition, airdrops in the forms of jackpots will be done as follows. (for detailed description see white paper.
Those participating in the earlier jackpot rounds have small chance of winning large lot, while those participating later on have larger chance of winning, but are rewarded with smaller lots. In addition, earlier contributors participate in more jackpot rounds: e.g. sale I investors try their luck four times, while those entering at sale III can only participate in two jackpots. This shouldn’t discourage late participation: the largest combined pool of prize tokens is played during the fourth jackpot round. For every lot we run a procedure which randomly selects one token out of those already issued. The holder of this token becomes the winner of the lot.
Each token being sold has a specific factor attached to it, the jackpot factor. The likelihood to win a lot is proportional to this factor. Mind, that jackpot factors are ordered: even within one sale round, earlier contribution is rewarded with more ‘powerful’ tokens. The distribution of these factors for every round is shown in the table below.
Tokens Not Sold
The proceeds of the token sales as well as the tokens that remain in possession of the team will be used to promote and develop the project as outlined in the Road Map section of this paper. In the figure below, we show how the proceeds will be utilized. When needed the tokens allocated to the Spade Foundation and the team might be used for further promotion and as part of an incentives scheme.
THE BOUNTIES WILL BE ADDED SOON HERE
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