Topic: [ANN] Royal Kingdom Enterprise ICO - page 8. (Read 8874 times)
It's time.. but still can't buy
Any bounty?
I want to join bounty for first time
All information is on the site.I want to join bounty for first time
https://royalkingdomcoin.com/bounty/
Any bounty?
I want to join bounty for first time
I want to join bounty for first time
Reserved
Hello, BitcoinTalk!
We're glad to announce that Royal Kingdom Coin (ticker: RKC) is going to be available for purchase in roughly 8 hours.
You can follow the official website here: https://royalkingdomcoin.com, as well as see the countdown to the event.
ICO Structure
The rules (governed by the smart contract) are:
- ICO starts on July 10, 2017 @ 23:00 GMT (+00) and continues for 30 days (24h periods);
- RKC is governed by the ERC20-compatible smart contract on Ethereum blockchain, we will publish the link for direct acquisition soon;
- RKC tokens can be acquired directly by sending ether to the smart contract, or using our VentureKingdom platform as a proxy;
- There are 15 000 000 tokens in existence;
- The available ICO pool is 18%;
- The price is being determined dynamically by the smart contract algorithm and the activity on the contract. The more/quicker someone buys, the higher the price becomes. The contract is aiming high to make the end goal impossible so that people stop buying at some point, that's the intended outcome. When this happens, we will know the exact market valuation of the token, which is going to be discovered automatically by the algorithm and the market. And when the ICO closes, the rest (unbought tokens) is going to be distributed to all the token holders proportionally;
- (Does not affect token holders with less than 1%) The major token holders' balances are locked to prevent quick dumping for any reason, if someone has more than 1%, this rule will be applied: from the date of the ICO, 5% of the total supply will be unlocked monthly;
- (Only for big players) It's not possible to buy more than 1% of the supply in one transaction, your ether will automatically be returned to you, but the gas of the transaction will be swallowed by the miners, please be careful;
- When the ICO ends, the transfers (and, naturally, the sale and the exchange) are unlocked;
- On February the 1st, we pay the first premiums to the token holders and continue monthly. The premiums are going to be 50% of profit (revenue minus costs), and 50% will be reinvested back in the company. We will use the 50% of profit to buy more RKC off of the open market and then spread them proportionally as premiums.
Resources
How to buy directly from the smart contract:
If you are unfamiliar with this, you can buy RKC on our platform: VentureKingdom. But if you know how to do it, you can buy directly from the smart contract.
Official address of RKCToken contract is 0x6ccb56947ea1d6efdc81acfbacd8263ddfa9b202
Send the transaction directly to the contract or to the buy() method. You need to increase gas limit: recommended is 70000. You can see the price by querying "current_price_atto_tokens_per_wei" variable of the contract - it’s how many tokens you will receive per 1 ether. Do not send before the ICO is started (you can check the variable isICOStarted of the contract). Do not try to acquire more than 1% per 1 transaction.
Marketing
We were going to have this ICO as more of a private thing between people who already know us and want to fund our projects, so we're having an announcement a small time before the ICO opens. Anybody is welcome to participate though. Except for US citizens, sorry, you know the drill.
Please post here if you have any questions, or to [email protected] if your question is of a private nature.
Thanks.
Best,
Royal Kingdom Enterprise team.
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