TrakInvest — New Tokenomics
The TrakInvest team has re-worked on the Tokenomics for the ongoing Pre-ICO sale to provide a fair price sale considering the rising price of Ether. This article has been written to provide explanation for the many contributors who have requested for clarity.
On 16th December, 2017, when TrakInvest launched its Pre-ICO sale, the company pegged the value of the TRAK token against Ether and started accepting Ether as contribution for the purchase of TRAK tokens. At that time, the value of 1 Ether was fixed at $546 which was the last 10 day’s average price. This led to the following calculations.
Extrapolating this to all the 3 tranches of the Pre-ICO sale, the Tokenomics with the respective discounts & Bonus percentages have been elaborated below:
Given the rising price of Ether, the TrakInvest team has now pegged the TRAK token with the new
Ether price at $ 1000 starting 13th January, 2018. This price has been arrived at once again looking at the last 10 days average price for ETH.
The new Tokenomics now stands as follows:
For the contributors that came in before 13th January, 2018, they will be provided with the balance tokens at the end of the ICO. For example, if you received 1420 TRAK tokens in Tranche 1 for 1 ETH, the balance 1180 TRAK tokens (2600–1420) will be credited to your wallet post the ICO.
For all new contributors purchasing post 13th January, 2018, you will be allotted the revised number of tokens.
The Trakinvest ICO hard-cap remains at 33 Million USD