Major news flash:
http://mailchi.mp/41d5582a97d3/important-things-to-note-for-your-participation-in-the-farmatrust-pre-sale-77135extract:
FarmaTrust Pre-Sale update!
Hi everyone,
As FarmaTrust we do everything in place to stay transparent with all those that have shown interest in our project. To do so, we have decided to e-mail interesting facts, situation, changes and all we can think of that may be or may become important. As part of the newsflash we will also step into the discussion of the “high” hardcap that is set for FarmaTrust and how we as the management team look at it. There will also be some news about another team addition and an announcement of activities held on our central Telegram Channel.
Pre-sale is closing today at 23:59 UTC!
The pre-sale will close at 23:59 UTC today! So far the Pre-Sale has matched our expectation, even while having a slower start then we anticipated on.
The team is currently negotiating with several companies and some of them have shown interest to invest into FarmaTrust.
We urge those that are interested to join the pre-sale, to follow the procedure and contact us via
presale@farmatrust.com , with the following details: an copy of your ID or driver license, your address of residence, the amount of ETH you wish to invest, your Ethereum address. Keep in mind that he are holding on to the minimum of 25 ETH during the pre-sale.
High scores on ICO rating sites and articles about FarmaTrust
Foundico rated FarmaTrust with a 8.7 out of 10
ICObench scored us with a 4.4 out of 5
Trackico scored us with a 4.6 out of 5
ICOexpert.biz gave us a 4.7 our of 5
ICOranker scored us with 80 out of 100
ICOholder scored us a 4.24 out of 5
Yahoo News has mentioned us 1 of 3 Startups using Blockchain to save lives!
TNW has listed us as a Tech to keep your eyes on!
HackerNoon has listed us as 1 of the 11 Startups to watch
The founder of ICO-Translate has used FarmaTrust as example in his article: Blockchain in Healthcare: Use Cases
Hardcap, what is the position of the team on this? Will the hardcap be lowered?
As our community managers have mentioned several times on the Telegram Channels and other channels, the team has had an extensive discussion about this subject.
In view of the market conditions and fluctuations in the Eth price, the team has decided to limit the amount to be raised on a fiat basis. The hard-cap will be capped to USD$45M. In the current design with an fixed amount of tokens per ETH, we have chosen not to adjust the amount of tokens, but to lock any tokens that will go unsold by this criteria.
Hence the following alternative solution for any unsold tokens will be put into place:
Any unsold tokens will be locked for a period of at least 3 years, with an annual release of 10% (of the initial value) to be offered via FarmaTrust. The tokens will be offered on a market rate +5% to prevent market value decrease. If the tokens are not bought at the offered price, they will return into the lock for another one year period, to await the next release of the 10%.
This design is currently used by Ripple and prevents an dilution of value and support our vision on the possibility to increase token supply by a market demand.
Management Tokens and Advisor Tokens
We've seen several questions arise about the lock on tokens, that are reserved for the management, advisors and other related persons. As in the whitepaper is stated, the tokens are locked for management, but we may have been unclear on those reserved for the Advisors. Tokens that are reserved for the Advisors, will have the same lock periods as the management, respectfully 50% locked for 6 months and 50% locked for 12 months.
FarmaTrust is expanding its team, with an extra advisor!
As FarmaTrust is increasing the intensity of activities towards the Main Token Sale (ICO), we are expanding the team. Desmond Marshall has joined FarmaTrust as an Advisor. Desmond Marshall is the Country Managing Director for The Floor in China and a Partner of Rouge Ventures, specialised in Venture Capital Investment Projects, Advisory in Financial Services and a corporate training partner. Rouge Ventures is also the founder of Pitchperfectevent.com, Asia’s top investor platform.
More information about Desmond Marshall can be found on:
http://desmondmarshall.weebly.com/ Activities on our central Telegram Channel
As the waiting time for the launch of the Main Token Sale is still several weeks away, the team will undertake some surprise activities as well as scheduled ones, to keep everyone on their toes! This could be a surprise raffle or a Quiz to keep everyone active, some will be announced days ahead, while others may go without announcement!
If you wish to join in on these events, please join our main Telegram Channel, via
https://t.me/farmatrustThe management team of FarmaTrust wishes to thank everyone that has shown their interest in our pre-sale and those that have joined.
With kind regards,
Raja Sharif
CEO of FarmaTrust
