Private Sale (we are here)
Last updated
Last updated
If you familiar with the logic and would like to proceed, just follow the instructions
This stage is an idea validation phase. Our main goal is to understand the demand from the people to our ideas. We are gathering only in ETH — Investors are considered to be in crypto long enough to know how to deposit funds to the crypto-wallet.
PrivateSale.sol smart contract is managing the sale process. It will start on May 22, 2024, and the end date is flexible, falling between June 1, 2024, and June 5, 2024. You can interact with smart contract directly through the deployment tools and IDEs (Remix), fetching ABI of our smart contract and interacting with it. Or you can log in with your Metamask account to our Private Sale closed platform, which is now part of future VERV: fusion.
Private Sale will go in 10 similar waves. Each wave consists of 750,000 VRV tokens. Investors start from $0.024 (in ETH on date of sale of each wave) per 1 token and during the live auction with other Investors determine the final price. During determination, Investor HAVE TO deposit 10% of his quote and sign transaction into Blockchain.
Bid — is an amount of VRV tokens Investor would like to purchase and price per 1 token.
Private Sale has a lot of centralization in its hands because this is an intermediary (temporary) contract that must be deployed and executed pretty fast — VRV contract will be upgraded based on the results, and all tokens from Private Sale and previous TGE will be moved to the next contract.
All bids are added to the pool, which is a mapping data structure and stores wallets and deposit amounts. Once the wave is finished, the Investor must to buy-out the volume he booked during the auction. If Investors don't buy-out the bid after his signed and broadcasted transaction in the blockchain, VERV will blacklist the address from the next waves within this Private Sale and future activities.
Smart contract is published on Ethereum Mainnet at <address>. The source code is available here.
Soft cap — $30K (in ETH)
Hard cap — $150K (in ETH)
Goal — $100K (in ETH)
If during this Private Sale, we gathered LESS than the soft cap — all deposits will be returned to Investors (minus network's gas fee, which is out of our control).
All deposits above the hard cap will be reverted (if you interact with smart contract directly) or you won't be able to proceed (if you are doing it via dapp).
The goal of the Private Sale is to validate the overall idea with some solid commitments (that's why we focus on the number of wallets, rather than the raised amount) and get some funding for Venture Builder. The minimum amount set as low as $24, so everyone can participate.
20% of the rised amount will be distributed among Foundation Team
Some fixed amount will be used for legal & compliance services
All the rest is distributed for public release of Venture Builder and Tokenized Promise
Everything above the Goal amount will be moved for liquidity of future LBP-token.