We will be issuing 430,000,000 CashBet Coin tokens as part of our ICO. No additional tokens will be created. For every one token which is sold, three tokens will be distributed according to the following plan:
UPDATE: Due to popular demand, we have decided to add a second pre-sale to our sale schedule, running from March 27, 2018 – April 3, 2018. The public sale will now start on April 10, 2018 and end on April 27, 2018 as originally planned.
The token sale event allows you to contribute to CashBet to receive CBC ERC20 Tokens.
CashBet’s token sale will consist of a pre-sale and public sale as defined below. We are offering 142,975,000 CBC tokens for purchase, and we consider this number to be the hard cap. A soft cap of $5 million equivalent value will be enforced. Our estimated funds raised if we sell out is $40-$70M, depending on how the offered pre-sale and public sale discounts get applied. The ICO will end early if the hard cap is reached prior to the end of the public sale.
CashBet Coin will be initially priced at $0.50 USD per token. During the Pre-Sale, the price will stay fixed at this initial rate. During the Public Sale, the price per token will increase to $0.60 USD on April 17 at 5:00pm GMT and to $0.75 USD on April 22 at 5:00pm GMT, as described in the schedule below.
CashBet Coin tokens will be physically transferred to purchasers’ ERC20-compatible Ethereum wallets, which will have been have specified in the purchasers’ profiles at coin.cashbet.com.
Within two weeks of the conclusion of the token sale, CashBet Coin will be distributed proportionately to purchasers on a pro-rata basis.
Any unsold tokens will be destroyed.
Tokens distributed to team members through CashBet’s retention program will be released gradually, over a 24-month period, in order to avoid flooding the market with tokens.