In order to raise the necessary funds to finance the development of the project and allow the investing participants to position themselves first in the market, we have organized a system called initial Offer of Nodes (INO)- The rest of the projects usually call this system Initial Coin Offering (ICO), except that we do not consider it correct to denominate “currency” to our product, since, bitone node would be simply the equivalent to a divisible share of a traditional company with its respective dividends and would function as an access key for the execution of a node in the network of the platform.

As the purpose of Bitone node (BN) is not to be used as a payment network, it does not make sense to generate several million units. For this reason, we believe it is appropriate to limit the number of tokens created based on the maximum number of nodes that can be executed in the network, a total of 50.000 bitone nodes.

These tokens or pre-mined nodes will be sold in four phases:

  • Pre INO or pre sale (07/31/2018 to 08/31/2018): focused on the closest people with a maximum sales.  Amount of 5100 BN to 400 dollars/unit in Ether, 15% of the total will be distributed.
  • 1º INO (10/31/2018 to 11/30/2018): focused on investors from around the world with a maximum sales amount of 11.550 BN to 1.600 dollars/unit in Ether. 35% of the total will be distributed.
  • 2º INO (03_29_2019 to 04_30_2019). Focused on investors from around the world with a maximum sales amount of 8,250 BN. The starting prices will be based on the market price of the token, at the beginning of the sale period and applying the mechanism of the interactive Coin Offering proposed by Vitalik Buterin for setting the price. A 25% of the total will be distributed.
  • 3ºINO (date to be specified). Focused on investors from around the world with a maximum of sales of 8,250 BN. The starting prices will be based on the market price of the token, at the bennining of the sale period and applying the mechanism of the Interactive Coin Offering proposed by Vitalik Buterin for setting the price. A 25% of the total will be distributed.

The objective to be raised will be 1 million dollars for the Pre_INO and 9 million for the 1 INO with a maximum cap of 2 million and 18 million respectively, enough to finance the deployment of the project, pay the developers, carry out campaigns of marketing, etc.

The nodes that are not sold in each of the events will be reserved for sale in the following phases.

Each of the phases will end after the indicated date, or, when all the corresponding units are sold.

2018-05-27T12:47:54+00:00