Abab (AbabCoin) ICO
Decentralized marketspace for accommodation rent
1. Abab DAO
30% of the AbabCoin tokens released in the ICO process will be transferred to Abab.DAO (decentralized autonomous organization). This DAO will be managed by the owners of AbabCoin. This DAO is intended to help the partners build and promote applications in the Abab.io network.
2. Ethereum Risks
The Ethereum network can experience scaling problems; the cost of transactions and the time of their execution may increase. In the process of the system development or during its further operation, a migration of the network to another blockchain.
3. Why Crowdsale?
The traditional crowdsale schemes are notable for their high transaction costs. By raising funds via ICO, the project achieves the transparency of funding. An additional advantage is the swiftness of the idea assessment.
4. Review of ICO
The value of one AbabCoin token at the time of ICO is $0.10 (10 US cents). In the ICO process, 300,000,000 AbabCoin tokens are distributed, of which 2,000,000 tokens are distributed among those participating in preICO.
5. Distribution of coinsCoin Amount % of Total Tokens distributed at ICO 298 000 000 29,8% Conversion of preICO tokens to AbabCoin 2 000 000 0,2% ABAB.DAO 300 000 000 30,0% Marketing / Initial registration of hosts 295 000 000 29,5% Bounty 5 000 000 0,5% Team Tokens 100 000 000 10,0%
The investors into AbabCoin are granted a discount when investing during PreICO and ICO. At the time of preICO, the discount is 50%. In the process of ICO it starts on the first day at 15% and is reduced by 5% at the sale of every 25% of the tokens.