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The SingularityNET Token Generation Event: Dates, Instructions & More
Timeline
KYC: Registration is open from December 15th until December 18th, 2017 at 11pm UTC.
Token Generation Event: The event will take place at approximately 5pm UTC (London time), December 19th, as measured in ETH block numbers. We will livestream the Ethereum address 1 hour before the token generation event for security reasons.
How to Participate: Be on the whitelist (now closed!), complete KYC, wait for approval, and send ETH to the event address (ADDRESS NOT YET RELEASED, it will be livestreamed before the start).
Hard Cap: The cap remains approximately $36 million USD. The conversion to Ethereum will take place on December 19th and account for potential volatility.
Duration of Sale: December 19th to January 30th (6 weeks), or until max cap hit. The first 24 hours have individual caps to guarantee everyone can participate. After the first 24 hours, the token launch becomes first-come-first-served.
Token Release Date: Tokens will be released immediately after sending ETH. Tokens will be frozen until the post-token generation event security audit and review is complete.
Token Details
Price per Token: 1 AGI token will be approximately $0.10 USD, converted to ETH just before the token launch. Precise ETH pricing will be finalized at the token generation event date, and the conversion rate will account for potential volatility.
Number of Tokens: There are approximately 150 million AGI tokens allocated to the public token generation event. All of these are available for purchase by our community. The remaining tokens have been purchased by strategic partners around the world to kickstart SingularityNET.
Presale Portion: There was a gradual presale for strategic partners in AI and early supporters over the last 8 months. Total presale contributions account for approximately 350 million AGI tokens. These contributors bring additional strength to SingularityNET, and the alliances they built for the network will be unveiled early next year.
Maximum Contribution per Individual: For the first 24 hours, there will be individual caps for all whitelist participants. This individual cap will give all KYCed supporters the chance to participate in the token generation event. After the first 24 hours expire, the TGE will continue on a first-come-first-served basis wherein anyone can claim as much as they wish without limitation until the hard cap is reached. This model will guarantee a wide AGI distribution.
Accepted Currencies: Contributions can only be made with ETH. Other cryptos like BTC or fiat currencies like USD will not be supported.