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ICO Terms


The "IBCcoin" tokensale will commence on November 17, 2017 and run for 60 days or until funding limits are achieved, whichever comes first. The goal of the crowdsale is to secure funding to finalize the development of the "IBCcoin" Platform and bring the product to Market


Use of Token


Conversion to "IBC" coin 1 to 1 after the  launch


Token distribution


  • Total supply: 10,800,000 tokens
  • Token supply: 333 IBC for every ETH during the ICO 
  • Crowdfunding milestones: 5,000 ETH
  • Minimum contribution:  0.5 ETH 
  • Because of FinCen restrictions on KYC/AML procedures US residents are not eligible to participate  


Use of proceeds


  • ICO proceeds as well as the Foundation’s tokens will be spent in line with the Foundation’s goals,which are all related to further development of the "IBCcoin" network. 
  • Areas of spending will include engineering, research, communications and marketing, legal services, business development,infrastructure and licensing
  • 50 % of ICO milestone contributions will constitute a pay-out for Areas of spending
  • 50 % of ICO milestone contributions will constitute a pay-out to development and support teams for 2 years
  • 50 % over the milestones will conduct Miners Pool formation for shareholders additional income and to fuel an eco system
  • Over-the-milestone contributions  will speed up Roadmap Time-to-Market

Roadmap

After the ICO

  • 7.3.2018    IBCcoin launch with WebWallet
  • 7.6.2018    IBCex launch Worldwide
  • 7.9.2018    Android & IOS wallets
  • 7.12.2018  Credit cards integration

1 year after the ICO

  • 7.2.2019  US MSB license
  • 7.2.2019  MIFID compliance
  • 7.2.2020  Launch exchanges in US, China and Japan
  • 7.2.2020 If aforementioned is done, Bitcoin will be our kWt )) 

How It Works

Step 1 - Sending Ether to the crowdfund address



Step 2 - Once you have funds available in your wallet:


  • Click 'SEND'.
  • In the 'FROM' dropdown, select the wallet address you will be sending from.You will receive your IBC tokens at this address.
  • In the 'TO' field, enter the crowdfund address: "Will appear upon a ICO launch"
  • In the 'AMOUNT' field, enter the amount in units of Ether. 
  • The minimal amount is 0.5 ETH
  • Hit 'SEND'.
  • Ethereum Wallet will ask you to confirm your password to sign the transaction.
  • Click 'SEND TRANSACTION'

Congratulations, you have just purchased IBC tokens. After transaction confirmation, your IBC token balance will show up in the address you sent from, but to see your token balance, you will need to first 'watch' the IBC token. To do this go to step 3.



Step 3 - 'Watching' the IBC token


Once you have completed the steps above, after a couple of minutes and once the transactions are confirmed, you will be the proud owner of new IBC tokens. However, Ethereum Wallet will not know this until you 'watch' the IBC token. Let's do that now:


  • In Ethereum Wallet or MyEtherWallet.com , click the 'CONTRACTS'  menu item.
  • In Metamask, click "Tokens" under account sent Ether.
  • Scroll down towards the bottom and click 'WATCH TOKEN'
  • Enter the following details for the relative fields (it should fill out automatically once you enter the token address):

  TOKEN CONTRACT ADDRESS: "Will appear upon a ICO launch"

TOKEN NAME: "Will appear upon a ICO launch"

      TOKEN SYMBOL: "Will appear upon a ICO launch"

DECIMAL PLACES:2

  • Click 'OK'
  • Wait a couple of minutes and navigate to 'WALLETS' from the menu in Ethereum Wallet.
  • Click the account that you used to send Ether to the crowdfund.

After a couple of minutes, you will see your IBC token balance displayed here after transaction confirmation.

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