The IUNO Utility Token (IUNIT) is used to drive the economies within the IUNO banking platform as outlined in the white paper. In general, IUNIT tokens are needed for three specific tasks:
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To redeem IUNO Asset Tokens (ABT) into Fiat Currencies. The current token sale ONLY includes the sale of the IUNIT token. The respective Asset Tokens will be issued once the platform is launched
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As collateral to operate a Master node or Supernode as outlined in the white paper and in the relevant Master node Operator’s guide (to be published at the time the Master node software is released)
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As collateral to operate as an IUNO Edge Agent
TOKEN SALE OVERVIEW
The funds we raise during the token sale will be used for the design & implementation of the platform, as outlined in the whitepaper, as well as for the operating and marketing costs to drive adoption and penetration of the platform. A portion of the proceeds will be used to obtain the necessary regulatory licenses to operate the platform in the jurisdictions we will be active in. To promote the early adoption of the platform, we are offering IUNIT in a presale with substantial discounts to early token buyers.
TOKEN DISTRIBUTION
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300,000,000 IUNIT Supply.
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1000 IUNIT = 1 ETH.
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Discounts between 20–50%.
TOKEN SALE ROADMAP
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Price of IUNIT token 0.001 ETH.
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Soft Cap Minimum of $3 million.
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Technical limit to the number of tokens 300,000,000 (three hundred million).
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Adjustable distribution Unsold and unallocated tokens will be added to the reserve.
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Further token issues A single token issue within the Sale.
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Secured methods of token purchase Bitcoin (BTC), Ethereum (ETH), fiat payments and others.
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Token Generation Event November 19th, 2018
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Token distribution supported Tokens sold during the pre-sale and public sale will be issued at the conclusion of the public token sale.
Bounty0x Username: Olowookorun
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