Total APPX sold
Funds raised from APPX token revenue is for platform development and business administration. App portfolios will raise the majority of their funds with their own token reserves.
Special BONUS offer
OBITS.WARRANT is offered to all sponsors participating in the ITO up until first 5 million USD funded only, as an added future benefit. This warrant will alllow you to buy the official token of OpenLedger at any given time in 2017 at the fixed price of 1 OBITS.WARRANT = 0,16 USD per OBITS.
The minimum goal is 1m with a cap of 5m. With a total of 8.25m APPX tokens OpenLedger's Apptrade ApS will back these tokens APPX with 20% of any revenue achieved from the platform.
Regardless of the amount of tokens sold. On top of this, all unsold tokens will be divided among all participants. Split proportionally.
TOKEN SALES REFUND
If the minimum amount of $1 million USD is not raised, then all funds will be returned. The fundraising will be capped at $5 million USD. The exact amount will be determined at the end of round of master token sale.
TRADABILITY OF THE APPX MASTER COIN
All APPX tokens will be tradable one year after launch of platform.
Each stage(tier) is a goal and those that contribute within these stages get special bonuses. A temporary token called APPX.WARRANT will be sent to every participant on the first day of stage 3, which will be the time also that the project will have reached its minimum goal of 1 million USD.
The master tokens will be dropped on the accounts one year after the launch of the platform. The APPX tokens would be dropped onto all account holders of the temporary token called APPX.WARRANT This includes distributing revenues, paid in bitcoin (listed as the asset OPEN.BTC on OpenLedger), that may have accrued leading up to the first token drop. Dividends will be paid quarterly thereafter in bitcoin as well. All activities related to the master token is handled by Danish OpenLedger ApS acting as custodian for the tokens as well as all revenues and dividend payouts.
With regards to the APPX master token crowdsale and future rounds of funding, OpenLedger ApS is the beneficiary of all funds, and will be releasing funds to their Apptrade project according to set milestones in accordance with platform user growth and total portfolio valuation Part of the early milestones is to create company in Denmark by the name OpenLedger's Apptrade ApS with the main shareholder being AppTrade LLC and a smaller part being OpenLedger ApS to be the official entity for all future Apptrade operations. All future revenues and dividends related to these portfolios will be distributed to the master token holders by OpenLedger ApS in cooperation with Openledgers' Apptrade ApS.
ITO has ended
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