YouToken Update: Price Progression
Hello, YouToken community! We have some exciting news to share with you regarding the YTN token price progression. As some of you might know, we began the pre-order for your "proof-of-concept-crowdsale" stage with just a few tokens. They were each priced at the low amount of $0.01. But starting from today, March 1st, we have an update in that price.
YOUTOKEN PRICE PROGRESSION FROM PROOF-OF-CONCEPT CROWDSALE
From here on out, the price of YTN for the rest of the pre-order and Proof-of-Concept Crowdsale will be increased to $0.10 (great news for all those very-early adopters!). Starting from March 1st, we are going to mint up to 100M tokens. By the time our main, DAICO Crowdsale stage begins, we will have 1 billion tokens priced at $0.15 each. The reasoning behind this is as follows:
- Launch of our platform
- Introduction of the first "tokenized" entrepreneurs on our platform
- Establishment of legal structure.
YOUTOKEN PRICE PROGRESSION FROM DAICO STAGE
Once we hit the main DAICO stage in May 2018, we plan to sell 35% of our tokens. Let's do a little math. 35% of our 1 billion tokens means 350 million tokens (350M tokens*$0.15=$52.5M max). Then, we will set a minimum cap at only $3 million tokens. Hence, we will not have any pre-sets for a hard cap meaning there will be a limited token supply.
At the “DAICO” stage, the price of YTN will reach $0.15. We have certain expectations in regards to our marketplace launch and the acquisition of quality entrepreneurs and investors. Using these estimates, we predict the price of YTN to reach $1.00 by the time it reaches external exchanges in September 2018.
HOW DOES THIS BENEFIT YOUTOKEN, EARLY ADOPTERS?
This is where it gets good for the early investors out there. If you bought tokens back when they were $0.01, you will benefit from the price growth to $0.15 starting from the main crowdsale stage. Tokens for the first proof-of-concept stage and the main DAICO stage will be the same. To avoid any "grey market operation" we have to block all transfers of tokens during the crowdsale process.
For you early investors, this increase is certainly a cause for celebration but this is only the beginning. For those who invested just after the price progression, keep in mind there will be many moments like this to come in the future. As more investors support our mission, the overall value of YouToken will continue to rise. As a result, everyone will benefit. Yet, we need your participation in order for this community to keep growing and thriving. With the right foundation, the limits of this platform are truly endless.
We know this is a lot of information to take in at once so if you have any questions, please don't hesitate to ask. You can reach out to any of our admins on our Slack and Telegram channels who are waiting to assist you. Alternatively, you can email us at email@example.com.
Thanks again for reading and have a great day!