TOTAL ZERO CARBON TOKEN SUPPLY SUMMARY
The total supply of ZeroCarbon tokens will remain at 240 million. In principle, we will release these into circulation following the growth in demand of tokens. Tokens are required by energy suppliers in order to pay transaction fees, and this demand will grow as our customer base grows. These 240 million tokens are initially allocated and released into circulation as follows:
Currently there are 120,000 unlocked tokens which were received by early contributors to the democratic private pre-sale.
A liquidity reserve of 1 million tokens as been established to meet the initial customer demand for tokens following Market launch in October. Zero Carbon will sell these to customers across a decentralised crypto exchange.
An initial allocation of 8.9 million or 4% tokens will be released upon completion of our public token sale. These include tokens allocated for the public tokensale and for partners.
The remaining 230 million or 96% of tokens are held in escrow and the consumer reward pool. These will all be released in line with customer growth, linked to the distribute reward smart contract. These tokens include 147 million allocated for consumer rewards; and the rest allocated for private pre-sale, for Beond, the team and for reserve purposes.
Zero Carbon Project is raising USD5 million with a token sale. Following the token sale, once we have proven scalability in UK and Australia we will then aim to raise a further USD15 million with an equity sale.
|Tokens total supply available||240,000,000|
|Tokens for sale||25,000,000|
|Hard cap||USD 5,000,000*|
|Soft cap||USD 2,000,000*|
|Token price||USD 0.20*|
|Restrictions||Afghanistan, Bosnia and Herzegovina, Central African Republic, Democratic Republic of the Congo, Democratic People’s Republic of Korea (North Korea), Eritrea, Ethiopia, Former Federal Republic of Yugoslavia, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Russian Federation, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Ukraine, Vanuatu, Yemen, Zimbabwe.
China, the United States and Japan
|Will unsold tokens be burned?||Unsold tokens will be allocated to the Token Reserve|
|Will token be listed on Exchanges? What? When?||Gibraltar Blockchain Exchange (GBX) www.gbx.gi
After completion of public token sale.
|Viewing token in MyEtherWallet||Token address: 0x6737fe98389ffb356f64ebb726aa1a92390d94fb
Decimal points: 18
Token name: ZeroCarbon
Token ticker: ZCC
PRIVATE PRESALE TERMS – now open for contributions
|Tokens for sale||20,000,000 ZeroCarbon tokens|
|Offer price||1 ETH = 1,000 ZCC tokens
Based on USD 0.20/token*
|Token sale contract address||To be announced|
|Minimum contribution||USD 20,000*|
|Commencement dates||To be announced|
|Conditions for participation||Accredited investors only. KYC/AML checks on investors and source of funds|
|How to participate||Whitelisted smart contract|
|Accepted currencies||ETH tokens|
|Completion date||Prior to the start of the public sale.
Once tokens are sold, or at an earlier date.
|When will my tokens be transferred to my wallet?||Tokens will be held in escrow and released linked to distribution of token rewards driven by an increasing consumer base.|
PUBLIC TOKEN SALE TERMS
|Tokens for sale||5,000,000 ZeroCarbon tokens plus any tokens remaining from private pre-sale|
|Offer price||USD 0.20/token*|
|Hardcap||USD 1,000,000 plus any tokens remaining from private pre-sale @ USD 0.20*|
|Softcap||USD 2,000,000* (including private pre-sale proceeds)|
|Minimum Contribution||0.1 ether|
|Commencement dates||After completion of the private pre-sale.
Date to be announced
|Accepted currencies||ETH and RKT tokens|
|How to participate||Visit https://grid.gbx.gi/ for instructions to register your GBX GRID account|
|Conditions for participation||KYC whitelisted on GBX platform|
|Completion date||Four weeks after commencing, or once tokens are sold|
|When will my tokens be transferred to my wallet?||After completion of the public token sale.|
* Note: Where the value is set in USD this is indicative only. All amounts will be set in ETH at a price to be determined prior to the commencement of the sale round, using method outlined in Whitepaper.
USE OF FUNDS
Proceeds from the USD5 million token sale and the USD15 million equity sale will go towards rolling out the Zero Carbon Markets globally, building the consumer base, developing additional software and services and servicing our customer base. The following diagram shows the allocation of proceeds.