IAGON’s Token Sale has Concluded
Post-Sale Community Information
This previous Friday, October 5th, 2018 marked the conclusion of IAGON’s Main token sale, which proved to be quite the success, as our dedicated community members and investors continued to drive productivity through their belief in our team and IAGON’s revolutionary platform.
Now that the sale has come to an end, our team is shifting into post-token sale activities and we have been inundated with questions from our community members in reference to what our next steps will be moving forward, including, what exactly is going to happen with the remaining, unsold tokens.
As previously mentioned in an article published back in August, we will be moving forward with the distribution of all of the remaining unsold tokens, to current token holders over the course of the next two years, however, these disbursements will exclude: certain advisors, partners, affiliates, and airdrop participants (airdrop participants that have invested in the ICO are not excluded).
During this time, all qualified participants (ICO participants, bounty hunters, certain advisors, miners, team) will receive the allotted token distribution. We will enable token holders to receive their bonuses in a manner that correlates with IAGON’s successful completion of the corresponding milestone, effectively re-benchmarking* the token quantity in any given token holders wallet.
*Note: Token holder will not get the benchmark for the first day of distribution (after purchase).
IAGON After Token Sale Strategy
Following the completion of IAGON’s Main Sale, we will be moving forward with the distribution of the remaining, unsold tokens for token sale participants, over the course of a 2-year period. During this time, all qualified participants will receive the allotted token distribution once correlating milestones have been achieved, with the disbursements growing in size as greater milestones are achieved.
It is important to note, however, that should any ICO participant sell their purchased tokens, or tokens received through our Post-Sale distribution, they will forfeit any future token distributions that may have been available to them.
In addition, IAGON will be holding a Price Management competition for all token holders in which all points earned will be allotted to specific community members based upon a few specific factors. The elements that are taken into consideration when disbursing points to token holders, include, but aren’t limited to: who buys the most IAG tokens, buying a frequency of larger amounts, hold amount, hold time, and more. On the other hand, the people that sell their ICO tokens (move them to an exchange), will be removed from the competition as a whole.
The point based competition will look at the total number of points earned by a token holder within that period, with prizes being distributed every four months and, although the rewards and further competition details will not be announced until a later date, they are meant to incentivise the community, encouraging the holding and/or purchasing of additional IAGON tokens, thus making the community members the actual market makers.
Wallet Change Requests
There have also been inquiries about adding and/or switching the wallet that is linked to your account. In the event that you would like to make a change to your wallet address, you will be able to do so as long as it is a non-exchange wallet.
This feature is ideal for those who chose to store their tokens on another device, such as a cold storage device, and is ONLY available upon approval from IAGON’s support team, following the receipt and consideration of your written request. The required, written request should be sent to support@iagon.com.
As we come closer to the end of the Main Token Sale, additional clarity will be delivered to our loyal community members, though we hope that this article acts to place your minds at ease as to what steps are to follow the completion of IAGON’s main sale.
For more information and to see what else is going on @ IAGON, please follow us at the social media links below, or head over to the IAGON Website!