June 20th 2019 Milestone Token Offering (MTO) Planned for Storecoin
This Regulation D and Regulation S securities offering sets out to bring in over 500 new wallets, and up to $4.97 million of treasury into the project. Storecoin is a zero-fee payments and p2p cloud computing platform with early backing from Ari Paul of BlockTower, Matt Ocko, AlphaBit Fund, Ari Nazir of Neural Capital, and more. Its long-awaited Milestone Token Offering (MTO) will launch on Thursday, June 20th at 12 pm PT. Apply for the sale at http://sale.storecoin.com.
Storecoin is planning 1-3 additional MTOs as it continues to execute on its mission prior to the mainnet launch.
Storecoin has taken a strong anti-ICO stance since the inception of the project. Storecoin has committed to growing its treasury on the basis of achieving key project milestones. These global MTOs align Storecoin with transparency and trust for its growing community and eager participants.
Here’s a link to see key Storecoin milestones achieved since its last MTO in January 2018.
About This Milestone Token Offering (MTO)
Storecoin will sell up to $4.97 million in STORE during this security token offering. The global Regulation D and Regulation S offering aims to bring 500 new wallets to the project, with a purchase minimum of $2,500 and a maximum of $1.79 million. This milestone sale ends once one of the following occurs: the $4.97 million maximum cap is reached or by August 30, 2019. United States purchasers must qualify as accredited investors. Sales to purchasers who are not US persons will be made only in accordance with applicable laws.
The sale will be offered as a sequence of three phased pricing rounds. Each sale phase will be offered on a first-registered and first-funded basis. Once a phase is fully registered and funded, the next phase will open up and be offered to the next registered buyer.
The proceeds from this sale will be used for a number of vital project building activities including:
- Releasing the alpha network for BlockFin, our parallel and pipelined consensus engine
- Multiple security audits for our BlockFin BFT consensus algorithm
- Begin hosting STORE meet-ups around the world
- Releasing our governance, economics, and security papers for public peer review
- Hosting the first-ever Storecoin conference, a research and governance global gathering
Register for the Milestone Token Offering at http://sale.storecoin.com
Storecoin is a zero-fee payments and p2p cloud computing platform. The public blockchain will enable data to be tokenized, open, and globally tradable. Storecoin will transform data into p2p money (into datacoins). Governance will be coordinated by checks and balances, separation of powers, and shared security (decentralized federalism).
Storecoin is a verified Messari registry project.
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