Private Sale
This description should give potential investors a clear and comprehensive understanding of the private sale, how it will be conducted, and what they can expect in terms of rewards, investment limits, and the use of funds.
Overview
The private sale of MOD tokens is an exclusive opportunity for early investors to acquire a stake in Storychain, the pioneering Web3 social media platform on the Cardano ecosystem. This phase is designed to raise $1,000,000 in funding to propel the development of the platform according to the roadmap.
Sale Details
Total Allocation: 80,000,000 MOD (8% of total supply)
Price per Token: $0.0125 per MOD
Total Value: $1,000,000
Investment Limits
To ensure broad participation while targeting our $1,000,000 goal, the following investment limits are recommended:
Minimum Investment: $20,000
Maximum Investment: $100,000
These limits are designed to attract a diverse pool of investors while ensuring that each participant can contribute meaningfully to the project.
Target Audience
The private sale is targeted primarily at investors in Canada and those with a keen interest in the Cardano ecosystem. This audience includes individuals and entities that are looking to support innovative projects built on Cardano and are interested in participating in the early growth stages of a decentralized social media platform.
Phases of the Sale
The private sale will be conducted in five phases, each phase offering the same token price but with decreasing availability as the phases progress. The phased approach ensures a structured and orderly distribution of tokens, preventing oversubscription in any single phase.
Incentives for Early Participants
To encourage early participation, the following incentives are offered:
Early Bird Bonus
Description: Investors who participate in the first phase of the private sale will receive a 10% bonus in MOD tokens. This bonus will be sourced from the Storychain treasury to ensure that it does not affect the planned token distribution.
Example: If an investor purchases 100,000 MOD tokens during the first phase, they will receive an additional 10,000 MOD tokens as a bonus, making their total allocation 110,000 MOD tokens.
Referral Program
Description: Participants can earn additional MOD tokens by referring other investors to the private sale. For each successful referral, the referrer will receive a 5% bonus of the referred investment amount, also provided from the treasury.
Example: If Investor A refers Investor B, and Investor B purchases 50,000 MOD tokens, then Investor A will receive an additional 2,500 MOD tokens as a referral bonus.
Accepted Currencies for Investment
To accommodate a diverse group of investors, Storychain’s private sale will accept the following currencies:
Fiat Currencies: USD, CAD
Stablecoins: USDC, USDT, USDM
Cryptocurrencies: ADA, BTC
Use of Funds
All funds raised during the private sale will be used to further the development of Storychain following the project roadmap. The primary focus areas include:
Platform Development: Enhancing the core features of Storychain, including its Web3 integration, content-sharing capabilities, and user interface.
Marketing and Community Building: Expanding the reach of Storychain through targeted marketing campaigns and community engagement initiatives.
Legal Compliance: Ensuring that Storychain meets all regulatory requirements under British Columbia, Canada law.
To maintain transparency, the Storychain team will provide monthly reports detailing development progress and fund allocation.
Legal Compliance
The private sale is fully compliant with the laws and regulations of British Columbia, Canada. All participants will be required to undergo KYC (Know Your Customer) procedures to ensure compliance with local and international laws.
Promotion and Communication
The private sale will be promoted through a multi-channel approach, including:
Social Media: Targeted campaigns on platforms like X (formerly Twitter), Instagram, and LinkedIn.
Investment Platforms: Listings on platforms such as CoinCarp, which focus on token investment opportunities.
Cardano Ecosystem Events: Presentations and networking at events like Cardano Summit to engage directly with the Cardano community.
Participants will be kept informed throughout the private sale process via our newsletter subscription, which will provide updates before, during, and after the sale.
Post-Sale Liquidity Provision
Liquidity for MOD tokens will be provided after the public sale phase, with plans to partner with decentralized exchanges (DEX) and centralized exchanges (CEX) within the Cardano ecosystem, such as SundaeSwap, Minswap, and others. This ensures that investors can trade MOD tokens shortly after the completion of the private and public sales.
Risks and Mitigation
While the private sale offers significant opportunities, it also comes with risks. The primary risks include market volatility and regulatory changes. To mitigate these risks, Storychain will adhere to a conservative approach in fund management and maintain open communication with its community and investors.
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