Ahead of its launch in July, NeuCoin announced the start of the presale of its 100 million cryptographic tokens from April 28th this year.
According to the available reports, the NeuCoin cryptocurrency tokens will be available only in exchange of Bitcoins, and will cost an equivalent of $0.01 each unit, roughly equalling 1 BTC for the first 25 tokens. The price will increase by 1% with each passing day. The presale will conclude either upon the completion of 60 days, or by the time when the entire 100m units are sold.
At the time of launch, the total number of sold NeuCoin will constitute the primary market cap, which is expected to be near $1 million against the total $30 million worth total supply.
In order to preserve further trust, NeuCoin representatives have also announced to conduct the presale in escrow until an official launch has taken place. In case the launch doesn’t happen by September 30th, all the investments will be refunded back to their lawful owners. However in case of a successful launch, the funds will be routed towards three Isle of Man-based nonprofits — the NeuCoin Code, NeuCoin Growth and NeuCoin Utility Foundations — and, alongside the funds obtained from angel investors, will also be used to support future core development projects and marketing.
Also, the initial investments made by the angel investors will be sale-fixed for the next 5 years, a NeuCoin official told NewsBTC. “The NeuCoin presale price is only twice what founders and angel investors have paid,” she said. “This price difference comes from the fact that a) founders and strategic angels got in a lot earlier, and b) founders’ and angel investors’ price are restricted over 5 years, while presale coins are not.”
These angel investors include top executives from Facebook, Uber, Candy Crush, etc.
A Cryptocurrency for Micro Transactions
NeuCoin is still a name that needs some introduction before the cryptocurrency community. The soon-to-launch altcoin is the latest addition to an already-overpopulated sector, but still aims to stay unique in its own way, thanks to its distinctive aspiration of simplifying online micro transactions, where a majority of traditional payment methods fail.
You can read more about its technical features here.
