Following the earlier adopted principal decision to allocate 280M EVERs for attracting the big liquidity providers to the network, the Everscale DeFi Alliance (hereinafter - Alliance) has run a course of negotiations with several investors, agents, and token sellers. It is now ready to start the program execution.
Currently, the allocation stays at the Foundation multi-signature wallet (0:fee1a3bd261619f036d83aafd8b34f47d794bbb58185379877291003f3a3526d) under the control of the Global Governance members.
The Alliance proposes to transfer the funds for the Crystal Hands 1 program under its control.
- The Alliance will define the minimum and maximum allocation for purchase subject to market conditions, network safety, and investor profile;
- The investor may receive the optional deep discount to the market price (25% and more) only in case the funds will stay locked for 6 months and more;
- The sale price for the investor must stay within the range of 0.20 - 0.40 USD/EVER;
- The Alliance may independently select agents assisting with the fundraising process, select sellers, as well as do direct sales based on the decision of the Alliance’s DAO;
- The referral fee for successful investor attraction is paid to agents, sellers, Alliance members, or Alliance itself in EVERs and may not exceed 15% of the sold and rewarded tokens to investors;
- The Alliance and its agents will perform the sale of tokens against the popular liquid digital assets with the further transfer of the liquidity to the Everscale network through the TON Bridge;
- The acquired funds will be used for the Everscale network development programs, including, but not limited to liquidity provision (specifically, in DeFi and NFT ecosystems), PR and marketing, developer grants and education, listings, and trading programs.
Transfer 280 mln EVER to the following multisignature wallet under the management of the DeFi Alliance members: 0:def1001c0d21f7c4531ea8b1522be9b76793deedb544d4c2d93633a082cc41b9.
Custodians of the wallet are listed in the table below, the signature scheme is 3/5.
What is the entry Threshold to buy to became an Investor?
Is any Community member can get the referral fee in case of finding an Investor?
What if an existing EVER Holder decides to sell everything, then buy EVER with a discount as a new Investor?!
When will the Program finish?
Ambitious! This is what we have needed! Go for it!
Thank you for your questions.
The minimum threshold is $5 mln. Specific exclusions, of course, may exist (e.g., if we want to get a reputable person on board), but not for everyone and only in selected cases.
Yes, if he is an accredited investor by legal meaning. The Program aims to attract large funds and high-net-worth individuals who will raise the reputation of the network.
I doubt you will be able to sell everything at a reasonable price given the minimum entry threshold to the Program.
It is difficult to say now. We see a promising interest in the project, yet time will tell if it’s big enough.
please explain this token sale scheme?
the conditions of this program can limit the token rate to $ 0.4 for many years and then you can forget about the top100 …
token sellers - продавцы токенов это ДОЛЖЕН быть рынок DEX и CEX, если вы устроите междусобойчик, где продадите токены крупных держателей, то токены просто поменяют руки по дешевой цене + бонусы. На сеть это не повлияете и пользы комьюнити не принесет, а через некоторое время будет очень сильное давление из-за того, что эти инвесторы захотят выйти.
Прошу пояснить кто такие - token sellers в вашем контексте.
Allocated tokens are sold under lock-up provisions to high profile investors via appointed by DeFi Alliance sellers.
Funds received will be spent for listings, attraction of new projects and dev teams to the ecosystem, marketing - this eventually drives the price in the long term.
Wasn’t it for these purposes that the DeFi Alliance requested 250 million, 80 of which have already been allocated?
Token sellers are the special legal entities which go into legally binding agreements with EVER purchasers. High profile investors bring not only (so much needed) liquidity but also its connections, which is of greater importance in my opinion.
Tokens of current EVER holders will not be sold.
No. 280M EVERs will be sold to investors, received liquidity will be used in addiition and synergically to the DeFi Alliance programs.
Have you assessed the regulatory risks? After all, this is the sale of unregistered securities
Yeah, we’ve received legal opinion. Please provide reasoning why do you think this is the sale of unregistered securities?
Investors will not buy coins on the secondary market. To attract investors, DeFi Alliance most likely talked about the advantages of our blockchain and what we will build on it in the future. It turns out that they expect that thanks to the actions of the DeFi Alliance and other community members, the price of the coin will rise and they will make a profit. I think in the next few years, the coins of all the projects that tokensales conducted will be recognized as unregistered securities. Everscale has never conducted tokensales and was safe. How are such transactions with investors regarded in the conclusion of your lawyers? How are they classified EVER?
Все ожидают, что фонды будут покупать токены на биржах, как это делалось во всех успешных проектах - солана, ниар, аваланч. Фонды выкупают постоянно повышая уровень цены. Надеюсь это будет так же.
All mentioned projects (Solana, NEAR, Avalanche) did private rounds for investors. One doesn’t interfere with the other as we see.
And they all have regulatory risks
Investors are free to buy coins on the secondary market.
To attract investors, DeFi Alliance most likely talked about the advantages of our blockchain and what we will build on it in the future.
It turns out that they expect that thanks to the actions of the DeFi Alliance and other community members, the price of the coin will rise and they will make a profit.
Why did you come to this conclusion? The price could fall for a number of reasons, sofisticated investors understand that quite well. Tokens acquisition allows investors to do staking and participate in other activities of the network.
How are such transactions with investors regarded in the conclusion of your lawyers? How are they classified EVER?
Such transactions were classified as legal transactions. We didn’t ask for classification of EVER.