DAO.Casino, a project developing a universal blockchain-based protocol for online casinos, will be launching its token sale that seeks to raise funds for further development of its product.
The campaign, which launches at 01:00 PM GMT, will last until July 26th, 2017 or until its cap is reached, whichever occurs earlier. The project seeks to raise $25 million worth of ETH (83333,33). Thanks to the recent release of a minimum viable product for its protocol, the team decided against setting a minimum cap as the MVP would allow them to roll out the protocol in any case.
On the first day of the token sale, early contributors can buy 2,000 BET tokens for 1 ETH. For the next 13 days, token sale participants will be able to buy 1,800 tokens for 1 ETH. For the rest of the campaign, the number of BET tokens available for the same amount of ETH will decrease by 100 every three days.
Contributions will be accepted in Ether only.
Token Distribution and Funds Allocation
Seventy per cent of all issued tokens will be distributed among the contributors, while the remaining thirty percent will be distributed as follows:
10% for legal purposes
10% for bounty programs
10% for early adopters and founders
All funds raised through …
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