NewChain Platform Token Sale details
THE FIRST CRYPTOCURRENCY TRADING PLATFORM WITH SOCIAL NETWORK FEATURES AND PROFIT SHARING.
ICO has started on 1 August and end on 5 September
NewChain is an innovative cryptocurrency trading platform combined with social network. Follow other traders or grow your own follower base! Are you new to crypto trading and afraid of making mistakes? On NewChain you can make automatic trades based on other traders you follow and give them a small share of your profits in return. Or if you are a successful trader yourself, why not share your own trading strategy with others and get a percentage of their profits based on your orders.
When you follow someone, all orders from that trader will be made automatically for you based on your preferences - budget, exclusion of specific coins, daily limits and more. This fully automated system means that traders will be able to keep their orders private until executed (thus preventing pump and dump schemes) and it will make trading less stressful for their followers. Furthermore, traders will automatically receive a share of the profit made by their followers immediatelly without having to wait.
In order to keep things simple, the share profit that a trader would make will be converted and payed out in a single currency, the NewChain Token or NCT. This is so that a trader who makes profit from trades in many different coins would get payed the total sum in a single currency instead of marginal amounts of all the coins he traded. Thus NCT will act like an internal currency - all the fees and profit shares will be done using the NCT.
The initial supply during the token sale will be 1 240 000 NCT - unsold tokens will be kept in a reserve.
Tokens will be issued in five Stages, starting at $0.20 per token and the supply capped at 40 000 NCT. Token sale automatically moves to the next Stage once the cap is reached or after one week has passed since the start of that Stage (whichever comes first.) Each Stage the price of one token is increased by $0.20 and the supply cap is doubled. The token sale ends with the maximum total supply of 1 240 000 NCT and the price of $1 per token.
|Stage||Price||Token supply||From holders (%)||Newly issued (%)|
|Stage 1||$0.20||40 000 NCT||—||100%|
|Stage 2||$0.40||80 000 NCT||5%||95%|
|Stage 3||$0.60||160 000 NCT||10%||90%|
|Stage 4||$0.80||320 000 NCT||15%||85%|
|Stage 5||$1.00||640 000 NCT||20%||80%|
|Total||—||1 240 000 NCT||50%||100%|
Long time stock trader, founder and CEO of the NewChain Platform.
Expert market and financial analyst with over five years of experience in the field.
Network & Security
Network security expert, previously employed at CISCO for several years.
Sales & Marketing
Specializes at marketing strategies, sales and advertising.
Whitepaper link: https://ncplatform.org/docs/NCP-WhitePaper.pdf
Twitter profile: https://twitter.com/PlatformChain
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