EdenChain Crowdsale Structure

By May 22, 2018 English

In this article, we would like to share some important information regarding Edenchain Crowdsale.

Crowdsale Start Date24 May 2018 (7.00am UTC)
ETH peg rate$615
BonusNone
Lock-upAll tokens will be locked until 1 day before exchange listing. After exchange listing, tokens will be distributed evenly over 5 months (20% distribution per month)
Minimum/Maximum Contributions

Round 1 (GUARANTEED ALLOCATION FOR WHITELISTED PARTICIPANTS)

24 May 2018, 0700 to 1900 UTC

Minimum Contribution: 1 ETH

Maximum Contribution:
1 ETH

After Round 1, if there are any allocation remaining, the team will make an announcement of the total allocation left, and all 
whitelisted participants can contribute in Round 2 again.

Round 2 (FIRST COME, FIRST SERVE BASIS FOR WHITELISTED PARTICIPANTS ONLY)

25 May 2018, 0700 to 1900 UTC

Minimum Contribution: 1 ETH

Maximum Contribution: 3 ETH

Unsold tokensBurned
Contribution addressThe two rounds will be conducted in two separate wallets. A video of James Ahn will also be published to verify that the wallets belong to Edenchain.
Telegram chat (https://t.me/edenchainio)Will be muted during the crowdsale


Edenchain crowdsale will be conducted using an API. This is a beta product that will be further enhanced to include more features. Key benefits of using such an application is that it reduces exposure of ICO participants to 
smart contract vulnerabilities and lower cost of conducting an ICO. Such a process makes it cheaper for companies looking to conduct their own ICOs.

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PLEASE READ THESE INSTRUCTIONS CAREFULLY. YOU MUST BE WHITELISTED TO PARTICIPATE IN CROWDSALE

ROUND 1 0700 UTC to 1900 UTC, 24 May 2018
1. Login at https://dev.edenchain.io/tokensale/ using your whitelisted email address and ETH address. PLEASE CHECK THE URL VERY CAREFULLY TO ENSURE THAT YOU ARE ON THE CORRECT WEBSITE
2. After login, you will be given an ETH address for you to send your contributions to Edenchain. There will be a video of James Ahn, showing you the first 4 and last 4 characters of the wallet to send the contribution. PLEASE CHECK CAREFULLY THAT THE ETH ADDRESS IS LEGITIMATE FROM EDENCHAIN
3. Send EXACTLY 1 ETH to the contribution address

IMPORTANT NOTES FOR ROUND 1:
– Individual allocation is guaranteed
– If you send more/less than 1 ETH, THE ENTIRE CONTRIBUTION will be refunded and your contribution will not be successful.

ROUND 2 0700 UTC to 1900 UTC, 25 May 2018
1. Edenchain will announce the total amount of allocation available for ROUND 2 at by 0600 UTC, 25 May 2018.
2. Login at https://dev.edenchain.io/tokensale/ using your whitelisted email address and ETH address. PLEASE CHECK THE URL VERY CAREFULLY TO ENSURE THAT YOU ARE ON THE CORRECT WEBSITE
3. After login, you will be given an ETH address for you to send your contributions to Edenchain. There will be a video of James Ahn, showing you the first 4 and last 4 characters of the wallet to send the contribution. PLEASE CHECK CAREFULLY THAT THE ETH ADDRESS IS LEGITIMATE FROM EDENCHAIN
4. You must send a MINIMUM of 1 ETH or a MAXIMUM of 3 ETH to the contribution address

IMPORTANT NOTES FOR ROUND 2:
The ETH wallet used in ROUND 2 is different from ROUND 1
– You must send a minimum of 1 ETH and a maximum of 3 ETH. Otherwise, your entire transaction will fail and it will be refunded.
– ROUND 2 is on a first come first serve basis. Excess funds sent to the contribution addressed will be refunded as soon as possible.
– If your contribution was not refunded, it is successful

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IMPORTANT NOTE: ETH THAT IS SENT BEFORE 24 MAY 0700 UTC WILL BE REFUNDED AUTOMATICALLY. ANY EXCESS ETH SENT, ABOVE INDIVIDUAL CONTRIBUTIONS WILL ALSO BE REFUNDED AUTOMATICALLY. ETH SENT THAT DOES NOT MEET THE MINIMUM CONTRIBUTIONS WILL ALSO BE REFUNDED.

All transactions must be sent within 1 transaction (i.e. you cannot send two transactions of 0.5 ETH each).

Tokens will be unlocked 1 day before exchange listing and Edenchain will disburse tokens automatically to successful contributors.

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