SPF price fixed for the AVAI Token presale – almost 10% of the SPF Total Supply may be burned
Only a couple of days left! The AVAI Token presale will be set up as a campaign on SportyCo.net, and will run from September 29, 2018, 12:00 UTC till October 2, 2018, 12:00 UTC. Get ready! And don’t forget to finish your KYC, while you’re at it.
In the presale a total of up to 400,000 AVAI Tokens will be available, at the valuation of $1 US dollar per AVAI Token. As stated in our previous post, we have looked at the price at Etherscan.io at 12:00 UTC on September 26, 2018 and the price was almost $0.029. We’ve decided to give all participants in the presale at least a 100% bonus on the price. We’ll go a bit above that, even.
The price for 1 SPF token in the AVAI Token presale was fixed at $0.03! As promised we are multiplying this price by the factor of 2 and thus getting $0.06. As the price of 1 AVAI Token is predetermined at $1, this gives us the exchange rate of 16 SPF Tokens for 1 AVAI Token.
This makes the max cap of the AVAI Token presale campaign at 6,400,000 SPF Tokens. There’s no soft cap. Participants will receive their AVAI Tokens no later than at the end of the AVAI Token Crowdsale. If the AVAI Token Crowdsale does not reach the soft cap of at least 8,000,000 AVAI Tokens being sold, participants in the presale will receive their SPF Tokens back to their wallets and the AVAI Tokens will not be distributed.
All SPF tokens collected in the AVAI Token presale will be burned after the successful completion of the AVAI Token Crowdsale. This means that up to 6,400,000 of SPF Tokens may be burned in this single transaction.
Need more information? Join us on Telegram to discuss both SportyCo and the Avaí FC Token Crowdsale and presale.