Token Creation Event
The crowdsale period will begin on December 1, 2017, at 8:00 A.M. (EST), and will continue until either the hard cap of $28M Ether or Bitcoin is reached, or until December 31, 2017, at 8:00 A.M. (EST).
WELL Coin tokens creation
How will the WELL Coin tokens be priced?We will create roughly 1.5 billion WELL Coin tokens and sell them at a rate of 39,790 tokens per BTC, to be adjusted
to make a WELL token worth $0.1 dollars (10 U.S. cents). This price may change up until the token pre-sale starts on
October 10th, 2017.
What is the crowdsale discount schedule?For every $1000 of WELL Coin tokens purchased, you receive a free specialist consultation.
* Note: Each day the number of WELL Coin tokens per 1.00 USD equivalent in ETH will go down by 1.25 WELL Coin tokens until it reaches 10 WELL Coin tokens per 1.00 USD equivalent in BTC (no discount).
What cryptocurrencies will you accept during the crowdsale?—We will accept ETH and BTC.
—The ETH payments will be accepted via a smart contract.
—The BTC payments will be accepted via an escrow account. All BTC participants will receive an ETH wallet with the WELL Coin tokens in it. They need to provide a contact method to receive this ETH wallet.
How will you distribute the WELL Coin tokens?We will distribute the coins using the following guidelines:
—Issued: 40% for the crowdsale
—Reserves: 40% for business and network developments, future financing needs, and coin liquidity support for healthcare network members
—Team: 20% for team and project launch purposes
How will you use the team’s 20%?During the first year, the team cannot liquidate their tokens at a rate of more than 25% of their position because we
want to demonstrate that we are in this for the long run and that the team’s incentives are aligned with the token
holder’s interest.
Why are you locking the team’s coins?Because we want to prove that we are in this for the long run and that the team’s incentives are aligned with the token
holder’s interest.
How will you use the reserve?The tokens in reserve will follow these rules:
—25% will be released during 12 months
—25% will be released during 24 months
—25% will be released during 36 months
—25% will be released during 48 months
We will use reserve tokens for acquisition, development, marketing, patent and IP needs, external partnerships, and other corporate needs.
When will you distribute WELL coins for sale on the secondary market?We expect to distribute WELL Coin tokens 31 days after the crowdsale token launch (CTL).