Print chain block chain ico Description
InChain was established in October 2016, the project developed rapidly. At present, a preliminary team-building is under construction and established a team spirit. The official website, development plans and white papers has completely finished . To identify a consensus innovation, payment innovation, verify innovation and other innovative design. Completely finished the initial design of community management and experimental strategies. The feasibility of a variety of core business demonstration. And clearing the future of multiple profit pattern.
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Schedule
Beijing time：2016-11-25 20:00 to 2016-12-10 20:00
GMT time： 2016-11-25 12:00 to 2016-12-10 12:00 ; For a total of 15 days。
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Ico
Inchain tokens: INShare Indian stock, referred to INS, equivalent of holding the main network (Inchain block chain) built-in tokens, the official commitment that after they make profits, all the profits will be distributed snapshot and share out the bonus. And they have the voting right of the future development of the main network, the voting right of main network related to the proceeds of the project, as well as the virtual currency of their liquidity value.
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Number of targets (INS):
Inchain issued the total shares (INS) for 1 billion, and claiming never additional.
The number of the lowest ICO is 50 million INS, the highest ICO is 100 million INS, accounting for the total 5% to 10%. And between 5 million and 10 million of the INS advance reward part, and a fixed 3 million reward for the INS rankings, respective accounting for total 0.5 percent to 1 percent and 0.3 percent .
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Ico Amount:
Ico set the valuation of ¥ 10 million, corresponding to the public raised ¥ 500000 to ¥ 1000000. To achieve ¥ 500000 is the success of crowd founding, to achieve ¥ 1000000 means the end of the crowd founding .
The ico only accept bitcoin to participate in the amount. The participating amount corresponding to the real-time price of the
https://www.huobi.com/market/cny_btc, the program automatically converted into RMB.
If the amount of this Ico before the end of the specified time limit, then all the successful and automatic end; If the amount does not meet the minimum limit at the end of time, the team reserves the right to announce the failure of the crowd founding, once announced the failure of the crowd founding, all the participating amounts will be returned.
The Ico cost Price: ¥ 1000,0000 / 10,0000,0000 = ¥ 0.01, that is 1 INS = ¥ 0.01
Participation Amount Example: Suppose you participate in 10 BTC at 2016-11-25 21:03:02 PM ,when BTC / RMB real time quotation of the website is ¥ 5000.00, then your participation amount is ¥ 50000.
The crowd founding example: If your participation amount is ¥ 50000, the number of INS you get is Participation Amount / Cost Unit Price = 50000 / 0.01 = 5 million INS.
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First reward:
In order to save the costs of time , the crowd founding related persons have the decision to give investors a certain incentive. Specific measures as follows:
The first three days after the start of the crowd founding , the additional incentive to raise the amount of 10%, the reward factor is 110%; Then the reward factor is decremented by 1% per day until the 13th day return to 0.
The amount of the first part of award according to the Ico to determine the total; for example, after the end of the Ico of the total issued accounting for 8% of the total, then the total number of incentives issued prior to 0.8% of the issued total.
The calculation of the proceeds raised: suppose your participation amount is ¥ 50000, the reward coefficient is 10%; Then you get the INS number: participation amount / cost unit price = 50000 / 0.01 = 5 million INS. The first reward component is 5 million X 10% = 500,000 INS; the final will be: 5 million + 500 000 = 5.5 million INS.
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The rank of reward:
To acknowledge the top few investors who made a greatest contribution to the crowd founding this time, we set 3 million INS as a ranking rewards. The specific measures are as follows:
The top 10 investors could receive rewards per day. The first award is 33,000 INS, the second award is 30,000 INS, the third award is 25,000 INS, the fourth awards is 22,000 INS; then after each additional one time, he will be reward reduction of 2000 INS, till the tenth person will get 10,000 INS rewards. Ranking awards total is 200,000 INS per day.
Daily ranking refers to the overall ranking rather than the day who participates in the ranking. So there may be continuous access to ranking incentives situation.
Ranking bonus example: Investor a first day ranked first, the first day ,he will get 33,000 INS ranking incentives; when his ranking down to the third , then the next day he will receive 25,000 INS ranking incentives; The first two days he gets a total of 58,000 INS ranking incentives, and so on.
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Balance bonus:
If the first reward part of the surplus after the end of ICO, we will held a activity of luck draw . the total number of investors divided by 3 in all investors, the lucky investors equally divided the first reward for the rest bonus. Specific rules for the lucky draw as follows:
The sum of the random numbers of the five bitcoin blocks after the end of time point of ICO , and the arithmetic sum of the three arithmetic divisions is the lucky number;Investment ranking and 3 arithmetic to take the remainder, and lucky numbers are equal to the lucky number ,then it is the winner.
For example: If the first reward part of the remaining is 1.2 million INS, 32 person participate in the investment , the reward number is 10; If the lucky number is 0, then ranked No. 3,6,9, …, 27,30. 10 investors wined, each of them received a reward for 1.2 million / 10 = 120000 INS.
(The first part of the reward and ranking incentives, calculated automatically by the ICO procedures, the balance of reward announced by the ICO after the end of the community . If the ICO ends before the end time specified, the remaining portion of the ranking award is converted to a bonus balance)
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The way of participation:
Official website:
www.inchain.org as the only public participation address. For more information on this ICO tutorial ,please to visit
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Financial security:
The whole process of public support is simultaneously publicity, and accepting the supervision of all members of the community.
All the funds raised by the team multiple sign co-management, all income and expenditure are in the community publicity.
Public address:
http://bbs.inchain.org/showthread.php?tid=311
Fund using:
All crowd founding funds for team building including the expenses of R & D, necessary publicity expenses, the costs of cooperation intention business promotion contract , the costs of community construction , server space and other expenses. Specific estimates are as follows:
1. R & D funding: 2 new members will be recruited as the core block chain members, and the existing team members are 6 person ; and the total of eight members for the average monthly wage about 80,000 RMB.
2. Site costs, utilities and other living expenses.
3. The costs of office computer and network,and the costs of the servers.
4. Business contacts and the intention to spending. (External presentation incentives, telephone charges, signing travel)
5. The five insurance premiums that may be required by the staffs.
6. If there has new resources, the costs of new resources access .
ICO funds are expected to support the team to run 6 to 12 months. According to the white paper describes the development of the line, the team will choose the angel round ICO; The team committed to the next round of ICO valuation of not less than ¥ 2000W.
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Restricted circulation:
INS issued a total of 1 billion (100%).
Seed round Ico to sell the total issued 5.8% to 11.3%.
5% for the community to set up special funds for the development of the community, and rewarding community contributions, and using for the community management of model test; Each part of the INS audience will be in the forum publicity, Its distribution is a long-term process, it must be made a contribute to the community ,then he will have the opportunity to receive.
50% of the official long-term hold, after the main line come online, the contract line will lock for 3 years , it is only for the exchange of resources after unlock the line, reward contributions to promote the use of development; and it shall not be directly enter the exchange transactions, on the occasion, if it needs to use the part of the INS founds , you need to initiate circulation in the community part of the shareholders to vote (the official holding this part is not included) those who do not vote in the voting cycle shall be deemed to have abstained, and the passing rate shall be 60 percent.
The remaining 33.7% to 39.2% for the late Ico use.
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Risk warning:
(INS) is the main network equity certificate , it is not any other company and team shares.
The Ico products for the public to the nature of crowd founding, it is not the ownership crowd founding
In addition to the team announced Ico failure, once the participant have join it, he shall not be required to withdraw for any reason.
Block chain is a new field of product, with the multiple risks of technology, policy, market and so on .
The development goal of this project is to profit as soon as possible and self-created value. The participants are expected to enjoy long-term high dividends.
