Private Sale D is now Open!
In the concluding hours of last year, we announced the successful close of round C of our private sale after hitting our target of $2.25M from a sale of 3M Bictory tokens ($BT). We also clearly stated why 3M tokens were sold instead of the initial designated 5M specified in our Tokensale plans documented in our litepaper. If you didn’t see that round round-up announcement yet, see here.
Bictory Finance’s mission, birthed out of foresight, intersects with the current needs of the crypto-space just in time. Talks of countries setting up new regulatory frameworks for the infant asset class, VASPs either chased out of some jurisdictions or subdued to regulations, central banks issuing CBDC’s, lawsuits against a myriad of web3 projects are what fills the air. While regulations struggle, albeit slowly, to take form, we believe that they should not stifle innovation, hence our objectives. We believe too that regulation and innovation are not mutually exclusive. This web3 war between the entire ecosystem and the externalities (including regulators, con men, and hackers) — not the chicken fight or debate between the maxis within about who owns and runs web3 inside the bird app — is still red hot.
While war may be necessary for peace, we believe shelter, especially at this stage of its development, is necessary to limit the casualties of the battle. This is why we glue ourselves to our seats, bonded as a team, and stare at our screens all-day grinding to deliver a suite of products where all dwellers in the space can take refuge and call home.
Rome wasn’t built in a day, neither did it cost little. It took considerable time, skill, and manpower to pull off. We are not Rome, but we are not far from it either. Delivering a Centralized Exchange, Decentralized Exchange, a curated NFT Marketplace, and a one-off NFT collection almost simultaneously is a task that falls a little short of building Rome. This considerably explains, in part, why our veteran advisors and the experienced team selected such token sale and vesting schedule structure to bring to fruition the mission.
It’s with avid excitement that we announce today the opening of the final private sale round — Round D — of Bictory Finance’s utility token. There will be 8M tokens available to contributors to grab in this round at a unit price of $0.85 and a minimum ticket size of $5k. The completion of round C private sale brought the number of tokens sold to just below 45% of the total amount of tokens designated for sale. Completing this round, which has the most tokens set out for sale, raises that figure to 76% of the total 25M. The vesting structure of all private sales is designed to release 15% of the total tokens sold across private rounds — 19% of the total supply — at the Token Generation Event (TGE) and then afterwards, at 3-months intervals, continually release 15% of the total.
The remaining tokens, 4M, will be made available for purchase on our public sale shortly after at a price still being discussed by the team and advisors. If you missed out on the opportunity to get in our previous private sales, here’s the last opportunity before it we open the gates for the entire public to flood in.