DataBlockChain is a revolutionary platform designed to allow for businesses to access highly curated and reliable data. DataBlockChain’s system makes it easy and intuitive to access the type of data that businesses need today by allowing for them to select how much and what type of data they want among other criteria at an affordable rate. The need for expensive middlemen has been completely eliminated thanks to DataBlockChain. DataBlockChain will allow for all of these various data transactions to occur on its platform via the use of the DBCC token that will be issued through DataBlockChain’s own ICO.
The DBC ICO
The DBCC token used on DataBlockChain’s platform will be sold via the DBC ICO. The DBC ICO will take place in three phases. The first part of the DBC ICO will take place from 04/16 to 05/27 and is considered the Private Pre-Sale phase. The second part of the DBC ICO will take place from 05/27 to 06/21 and is deemed the Presale phase. The last part of the DBC ICO is the Main Sale phase that takes place from 06/27 to 07/21. The graphic below outlines this information:
Token Allocations
870 million total DBCC tokens will be created. 100 million DBCC tokens will be allocated for the Private Sale phase. The Pre-Sale phase will account for 164.58 million tokens being sold with the Main Sale phase accounting for up to 257.42 million tokens being sold. In total, up to 60% of the token supply will be sold during the various sale phases. Team and advisor allocation is set at 221.1 million tokens. The DBC ICO also allocates 10 million tokens for its Bounty Campaign program with another 10 million being allocated for an Air Drop and Marketing campaign. Lastly, there are 106.9 million tokens being allocated for Exchanges and Reserves. The below chart outlines the aforementioned information:
· Team Members will be on a 12 month vesting schedule with 25% released quarterly
· The DBC ICO Soft Cap is $10 Million USD while the Hard Cap is set at $50 million USD
· All unsold DBCC tokens will be burned
Use of Funds
The funds raised from the DataBlockChain ICO will be allocated for the development of the app and DBCC token system as well as for ongoing expenses that are required for the project. 75% of the funds raised from the DataBlockChain ICO will be spent on various equipment, development, data acquisition and marketing for the project. The remaining funds will be allocated for wages, offices, and legal and consulting services. The chart below breaks down this allocation more in-depth:
Overall, DataBlockChain will democratize and revolutionize the data industry as whole via its platform and tokenized system. With over 1 billion records on over 300 million consumers and 16 million businesses already in place, DataBlockChain stands to change the data industry in a highly disruptive way.
To learn more about DataBlockChain and its upcoming token sales, check out our website and follow us on social media. Don’t forget to join our Whitelist on our website as well! https://www.datablockchain.io/