!!!IMPORTANT!!!
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Hello everyone!We’ve been collecting information from government regulators and non-government advisory boards, and, based on what we’ve learned, we’ve decided to make some changes to our crowdsale campaign going forward. The management team believes these changes represent an opportunity for Cappasity to create a brighter future in the market we are set to revolutionize.
1. We want to give U.S. citizens the opportunity to take part in our crowdsale, so we have decided to offer our tokens to U.S. accredited investors under
Rule 506(c) of the Securities Act. Our lawyers are now preparing a SAFT, private placement memorandum and a number of related documents. This is good news for Cappasity.
As you know, in most cases, U.S. citizens cannot participate in token sale events. We will include U.S. citizens and comply with U.S. regulations.
2. To provide our early token participants with a clearer understanding of what their early contributions are going toward, we have decided to attach our crowdsale targets to the project's milestones. The marriage of the ‘crowdsale targets’ with ‘project milestones’ will unambiguously show off the project’s maturation and ongoing success. We believe this change will earn the support of early and later contributors alike.
We have divided our token crowdsale event into two phases.
Phase 1, launch date October 25, 2017, represents a total crowdsale of the digital currency equivalent of
30 million USD.
Phase 2, date to be announced in Q1 2018, will be capped at the digital currency equivalent of 20 million USD.
3. After talking with our crowdsale investors and considering the SEC’s recommendations, we have decided to make our bonus system more straightforward. The management of Phase 1 will be divided into three (3) structured Tiers. These tiers correspond to ongoing development goals and milestones, as articulated in the Cappasity White Paper. The tier system is based on our Whitelist Application protocol and works like this:
- TIER 1: $10M – 10% Bonus
- TIER 2: $10M – 5% Bonus
- TIER 3: $10M – 0% Bonus
Additional bonuses: $100K-$300K – 5%, >$300K – 10% Our motivation to make the changes was to ensure the best possible crowdsale event. We have spent some extra time examining the details and discussed the changes with our legal team. Due to the changes and the time spent making them,
we will be moving our token sale launch date to October 25. Finally, thank you to our early participants. We look forward to your continued support as we set about revolutionizing the 3D marketplace ecosystem.
The Bounty and ANN threads will be edited shortly.
For more information please refer to artoken.io
