Pally Reaches Pre-sale Target in Minutes
The world’s first travel experience ecosystem powered by smart-contract technology.
We are pleased to announce that Pally’s ICO pre-sale target of 10 million PallyCoins was reached within 11 minutes on Thursday, August 25th
Mining within the Pally Eco-system
Pally Miners are key actors in the Pally Ecosystem as they help to introduce new hosts into the community. As Pally leverages the Ethereum blockchain, there is no need for miners to be equipped with mining rigs as is the case with the traditional understanding of the concept. Instead, mining within Pally has a slightly different connotation, referring to the introduction of new hosts into the community by recruitment or referrals.
The value of the Pally ecosystem is determined by the experiences offered by hosts and the number of users they serve. Therefore, a crucial objective within the ecosystem is finding suitable hosts that design experiences the community will love.
Pally allows everybody to become a miner by contributing to the introduction of new hosts. Becoming a Pally Miner is easy: Upon registration, a miner-code will be issued and should be used as a referral code by the new hosts joining Pally. Pally Miners will be rewarded with PAL tokens from the reserve fund when they introduce new Adventure hosts to the ecosystem. As the price per PAL token appreciates in time, the amount paid to the miner will depreciate proportionally, ensuring the same nominal value as the reward for miners.
The more popular the host is within the community for his/her experience, the more the miner who introduced the host into the ecosystem will be paid. This strategy will economically incentivise Miners to build a quality-based host community.
Additional to the mining fee paid to the miner for a successful introduction of a host, there will be an added incentive for the miner to introduce high quality hosts who receive high ratings and positive reviews from visitors who have been a part of the experience.
In 6 month cycles, Adventure hosts’ community ratings will be assessed and the miners who bring in the highest performing hosts will be rewarded in PAL tokens accordingly.
We aim to introduce additional miner incentivisation schemes in time and are confident that the existing measures in place will spur healthy competition within the platform, motivating both miners and hosts to design high quality experiences, which will in turn will benefit the community.
BREAKDOWN OF TOKEN DISTRIBUTION
Pally's ICO will be launched in two different stages
Pre-Launch Offering (August 2017)
Pally’s pre-sale target of 10 million PallyCoins against $250,000 was hit in 11 minutes on August 25th.
Proceedings will go towards further development of Pally’s decentralised applications and global marketing ahead of the ICO.
BREAKDOWN OF TOKEN DISTRIBUTION
Pally's ICO will be launched in two different stages
Pre-Launch Offering (August 2017)
Pally’s pre-sale target of 10 million PallyCoins against $250,000 was hit in 11 minutes on August 25th.
Proceedings will go towards further development of Pally’s decentralised applications and global marketing ahead of the ICO
Our ICO Token Launch round will have 50 million PAL tokens to be sold and the price through the launch will be:
Tier 1: 1 PAL = $0.075 (12.5M tokens to be sold in this tier)
Tier 2: 1 PAL = $0.080 (12.5M tokens to be sold in this tier)
Tier 3: 1 PAL = $0.090 (12.5M tokens to be sold in this tier)
Tier 4: 1 PAL = $0.100 (12.5M tokens to be sold in this tier)
The ICO Token Launch will be available for 28 days in October and November 2017 or until our cap is reached with each tier becoming available following the previous tier's token allocation is sold out.
ICO Token Launch (October & November 2017)
TOKEN DISTRUBUTION
Token name:
Total supply:
PallyCoin (PAL)
100,000,000 (100 million) tokens available
10% Presale
50% Initial Coin Offering (ICO)
20% Incentivisation for use on platform
20% Development Team
For more information needed and much understanding regards with ICO and investment please visit
https://www.pally.co/community-blog