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July 23, 2019, 04:18:52 PM |
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ETH Auction House (EAH Coin) ICO
Misson: To provide a zero fee, decentralized, "World of Warcraft" (WoW) like cryptocurrency auction house where ERC Token holders can exchange their tokens with other token holders.
How it Works: The token holders will navigate to the ETH Auction House Dapp website on the Chrome browser with the MetaMask Chrome Extension installed and running. In the Dapp, the ERC Token holders can trade with other holders in a WoW style auction house for zero fees.
Purpose of ICO: To raise funds in order to build the Auction House. After purchasing the EAH coins, the token holders can stake the tokens and start earning dividends and commissions.
CAH Coin Staking: The coins can be staked in order to earn dividends and generate commissions. When the coins are staked, the EAH coins will be distributed as follows:
1% to the EAH Dividend Pool 1% to the Referral 1% to Marketing 1% to Development 96% of the deposit will get credited to the investor. The investor will then begin earning dividends at rate of 0.000000115741 EAH every second (1% every 24 hours.)
EAH Coin ICO Details: The ICO sale will run for 90 days or until all the tokens are sold; whichever comes first. The EAH Coins will be a ETH ERC 20 token. There will be limit of 1,000,000,000 (1 Billion) ever created. 250,000,000 coins will be sold for 0.0001 ETH each. 500,000,000 will go to the EAH Dividend Pool and 250,00,000,000 EAH coins will be held in reserves. All funds raised in ETH will go to the EAH Buyback Pool.
EAH Coin Buyback Pool: In addition to trading EAH tokens in the auction house, the token holders can resell their coins to the EAH Buyback Pool also for 0.0001 ETH. When a Buyback is initiated, the ETH will be distributed as follows:
1% to the Buyback Pool 1% to the Referral 1% to Marketing 1% to Development The investor will receive 96% of the buyback in ETH. 100% of the EAH collected from the buyback will go back to the EAH Dividend Pool.
Addendum 1: The EAH credited balance can be withdrawn at anytime and the EAH dividends can be withdrawn after the accumulation of 1 EAH.
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