Subverse launch
If there are more people interested than there are slots, participants will be randomly placed in a queue. These tokens are left over from the 15% Private Sale allocation. In total, there will be up to 3,000,000 SUB available during the sale. Accepted methods of payment are DOT, ETH, USDT, and USDC. 10% will be unlocked immediately, and the rest will vest over 6 months following the sale. There will be 1,500,000 SUB allocated to each round. The only difference is the community round is specifically for members of our community, while anyone is able to participate in the public sale.Įach round will be held at $2.5 per SUB, with each participant able to purchase up to $5000 worth, for a maximum of 2000 SUB. The sale will consist of two rounds, a community round and a public round, both with the same parameters. We also feel for those that missed our crowdloan, or were confused by the fact that we had two crowdloans, and so they will now have another chance to obtain some SUB before launch. Achieving a wider token distribution is also an important aspect of a healthy blockchain ecosystem, and doubly so for Subsocial, as we operate in the social networking space. We see raising funds as a win all around, because it will enable us to expand our team, which will lead to better products getting shipped faster, right into your hands. Why not involve the actual users of the platform instead? Additionally, we are looking to raise more funds, and increase the distribution of SUB tokens, without going straight to VCs.
It's finally that time! We've heard our community members asking for a token sale for the last few months, and we figured we should deliver before it's too late. Tokens will be sold at $2.5 per SUB, with individual allocations capped at $5000 per round. The sales will be held on March 2nd and 3rd at 2PM UTC via Tokensoft. TL DR: Link your email to your eligible Substrate account here to participate in our community sale, or wait to participate in the public sale.