Dear All,
I would like to inform you that STABLE token ICO will start in less than 2 hours.
Please find the term sheet of the STABLE token ICO:
TERM SHEET
1. The crowdfunding phase of the project will take place over 28 days between the 03-rd of September and the 01-st of October, 2017.
2. It will take a form of Initial Coin Offering (ICO), wherein Ethereum (ETH) tokens will be exchanged for the newly created STB tokens.
3. ICO will start on the 3rd of September 2017 at block start 4232000 (about 00:00 UTC time)
4. ICO will end on the 1st of October 2017 at block end 4332000 (about 23:59 UTC time)
5. The base exchange ratio is set at 10 STB tokens for each 1 ETH token. Therefore 1 ETH = 10 STB.
6. ICO address: please visit our web page in order to obtain the ICO address
https://stable.foundation7.
Early participants in the crowdfunding exchange will enjoy a premium of:
a) 6% during the first 7 days,
b) 4% in the second 7-day period,
c) 2% in the third 7-day period,
d) Crowdfunders exchanging ETH for STB in the final quarter of the ICO phase will be subjected to the base exchange ratio of 10
STB/ETH.
8. The ICO is programmed on Ethereum platform using Solidity language.
9. Tokens are in ERC20 standard with ERC23 extension Solidity language protocol – you can view the ICO code under this link:
https://gist.github.com/stableproject/3f9cb84438dadf1b4160c37fe9fd7b0210. For more details please refer to “Crowdfunding manual” document on our web page
https://stable.foundation